Tag Archives: wealth

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 …

Gulu, Uganda | THE INDEPENDENT | Gulu city councilors are struggling with the online declaration of their wealth to the Inspectorate of Government (IG). The IG recently directed all public officers in the country including elected leaders from chairperson LC III to make a declaration of their wealth. However, the councilors …

Kampala, Uganda | THE INDEPENDENT | The Emyooga programme across the country was poorly implemented, Members of Parliament have unanimously agreed. The legislators during plenary on Thursday, 16 September, 2021, criticised the government for the systemic failure in the implementation of the presidential Initiative rolled out in October 2020 aimed at …

Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government (IG) has asked Members of Parliament and other leaders who were not re-elected to declare their wealth even as they exit their offices. On Wednesday, the IG launched the module for exit declaration which enables leaders who are ceasing to serve …

Jacob Oboth, the Legal and Parliamentary Affairs Committee chairperson applauded the move saying that anticipatory declaration of wealth is one of the new types of corruption used by leaders. Kampala, Uganda | THE INDEPENDENT | Legislators sitting on the Legal and Parliamentary Affairs Committee have expressed support of the government’s proposal …

Beijing, China | Xinhua |  A skilled baker with seven years of experience, Abudujilil Tuhtey can make 500 to 600 pieces of naan every day. It’s a staple food popular in northwest China’s Xinjiang Uygur Autonomous Region. With his outstanding skill, Tuhtey can earn more than 5,000 yuan (about 769 …