Tag Archives: money

By Agnes E. Nantaba Sydney Asubo is the in-coming executive director of the Financial Intelligence Authority (FIA), which was set up under the Anti- Money Laundering Act. He spoke to Agnes E. Nantaba about their mandate and the vice of money laundering in Uganda. What are the key elements of …

By Flavia Nassaka EC says slashing budget, but Finance says funding available On April 21, the Chairman of the Electoral Commission Badru Kiggundu together with the Commission’s Secretary Sam Rwakoojo appeared before the Legal and Parliamentary Affairs committee to present their budget frame work paper for financial year 2015/16. They …

By Stephen Kafeero Details of fake cheques, a Shs 46 billion overpayment, and danger to HIV patients One person dies every 60 minutes in Uganda of HIV/AIDS related complications, according to estimates by the American-based Centers for Disease Control and Prevention which places annual deaths at 64,000. Some of these …

By William White It is impeding the necessary process of deleveraging, threatening the `independence’ of central banks, raising asset prices The world’s central banks are engaged in one of the great policy experiments in modern history: ultra-easy money. And, as the experiment has continued, the risk of failure – and …

By Andrew M. Mwenda How NRM’s level of organization has made it impossible for the Opposition to mobilize the masses against Museveni Sections of the opposition in Uganda have been arguing that it is through violence that President Yoweri Museveni has been able to sustain his political power. While this …

By Andrew M. Mwenda How Museveni has shifted from reliance on military force to coerce political support to the use of money to rent it My article, “What keeps Museveni in power” (The Independent April 12-18), attracted the most intense debate on our website. Apparently, most critics of President Yoweri …

 By Peter Nyanzi Racket involves officials in Bank of Uganda, Ministry of Finance, Accountant General’s Office, Treasury AG recommends prosecution, recovery of billions from private companies, Centenary Bank, district officials, army veterans and other individuals Probe could lead to wide ranging reforms in how ministries manage public funds Government awaits …

By Eriasa Mukiibi Sserunjogi Money, NRM intrusion and jostling for Besigye’s chair rock the main opposition party The brush between Leader of Opposition Nandala Mafabi and FDC Members of Parliament reflects a deeper problem in Forum for Democratic Change (FDC), Uganda’s leading opposition party. The Independent has learnt that as …

By Eriasa Mukiibi Sserunjogi There could be a racket in the Ministry of Health swindling money meant for medical students A number of students who had been sent to study abroad have had their scholarships cancelled and they have been advised to return to Ugandan universities, The Independent has learnt. …

By Julius Businge Bank of Uganda to introduce consumer protection mechanism What would make you borrow Shs 500,000 from a money lender at an interest rate between 15% and 30% per month? Many reasons but at the heart of each is on common feature; desperation – you want money badly. …