Tag Archives: wealth

Rwanda was the top performing market in Africa during the past decade, with millionaire growth of 72%, followed by Mauritius, the Seychelles, Uganda, and DRC Kampala, Uganda | THE INDEPENDENT & AGENCIES | Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by …

It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …

Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government has revealed it is waiting for up to 34,000 wealth declarations by various leaders in compliance with the Leadership Code. The declaration which started on March 1 will run until March 31, 2023. The code requires a public officer to declare his …

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …

Windhoek, Namibia | Xinhua | The Bank of Namibia, the central bank, said Thursday that it will conduct checks on politically connected people’s wealth and businesses to avoid conflicts of interest. The bank released Thursday the revised Determination on the Appointment, Duties, and Responsibilities of Directors, Principal Officers, and Executive …

Africa’s two wealthiest cities are in South Africa. Johannesburg is the wealthiest, with a total private wealth of US$239 billion, while Cape Town in second place has a total private wealth of US$131 billion Nairobi, Kenya | BIRD | Africa’s stock of private wealth is forecast to jump 38 per …

All retirement  benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe |  “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …

Kampala, Uganda | THE INDEPENDENT | Economic justice activists are worried that the anticipated intentions of the Parish Development Model-PDM may not be fully realized if women are not allowed equal or even higher stakes in its implementation. The program is a new strategy designed to improve household incomes and lift …

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Government, Beti Kamya has announced that she will press ahead with conducting a lifestyle audit on government officials whose wealth does not match their known income. Kamya’s declaration comes four months after Presient Yoweri Museveni cautioned her on the strategy, saying …

Luwero, Uganda | THE INDEPENDENT | President Yoweri Museveni has asked the Church to mobilize Christians towards income-generating projects in the fight against eliminating poverty in households that are stuck in subsistence farming. According to President Museveni, at least 39% of households in Uganda are still engaged in subsistence farming …