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Tag Archives: wealth

Bank of Namibia to check politically connected people’s wealth

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 …

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Be reassured, your retirement savings are prudently invested

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.” …

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Activists want women at the forefront of Parish Development Model

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 …

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IGG insists on lifestyle audit

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 …

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Museveni urges Christians on wealth creation

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 …

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Gulu city councilors struggle to declare wealth online

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 …

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Emyooga was poorly executed – Parliament

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 …

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IGG asks MPs exiting parliament to declare wealth

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 …

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MPs support gov’t proposed ban on anticipatory declaration of wealth

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 …

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