Since GSM was first demonstrated in Cape Town in 1993 and the first GSM networks launched the next year, the telecom industry has fundamentally transformed every country on the African continent. As some of the largest employers, most admired - and valuable - brands, and most innovative companies on the continent, telecoms have been synonymous […]
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank. This is a shift from the deterioration observed in the previous year. This analysis covers 38 countries and describes the progress these countries are making on improving the quality of their […]
On Monday, September 17 2018, the Daily Monitor ran a story with the headline “How BOU Blew Shs 478 billion in the Crane Bank Takeover”. The story and its headline were seriously misleading. The story claimed that the Bank of Uganda (BOU) spent Shs 478.8 billion from an undisclosed account in the Central Bank under […]
The Institute of Certified Public Accountants of Uganda (ICPAU) and the Public Accountants Examinations Board (PAEB) have released the CPA August 2018 Examinations Results, indicating that 107 candidates completed the CPA course compared to the 97 that completed in August 2017. A total of 3,748 candidates attempted the examinations that were conducted from Monday 20 […]
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional terms. […]
After the 2008 global financial crisis, a consensus emerged that the public sector had a responsibility to intervene to bail out systemically important banks and stimulate economic growth. But that consensus proved short-lived, and soon the public sector’s economic interventions came to be viewed as the main cause of the crisis and thus needed to […]
One day in 1961, an American economist named Daniel Ellsberg stumbled across a piece of paper with apocalyptic implications. Ellsberg, who was advising the US government on its secret nuclear-war plans, had discovered a document that contained an official estimate of the death toll in a preemptive “first strike” on China and the Soviet Union: […]
Kenya Airways is set to launch two additional direct flights from Cape Town to Nairobi operated starting on the 20th of November this year. The three direct flights between Cape Town and Nairobi were introduced in June this year. The additional two flights will result in five non-stop flights a week operated on a Boeing […]
The Government of Uganda is likely to save close to Ush1 trillion ($270m) after cabinet took a bold decision to merge, scrap or realign duties and responsibilities of its agencies, commissions and statutory authorities. Frank Tumwebaze, the Minister for ICT and National Guidance, told the media in Kampala that this was done to eliminate functional […]
Amid ongoing attacks by US President Donald Trump, the battle for the future of multilateralism has commenced. Previous demands for pragmatic reforms have escalated into pressure for the wholesale transformation – or even total destruction – of the global framework of multilateral institutions. Trump seems to prefer a “system” in which bilateral deals replace the […]
This year, extreme weather conditions have ravaged our planet, subjecting vulnerable communities around the world to the ever-increasing impacts of climate change. With each passing day, we learn more about – and experience directly – the dangerous consequences of extracting and burning fossil fuels. Floods, droughts, and wildfires are becoming deadlier, and weather patterns more […]
Far and away the best prize that life offers is the chance to work hard at work worth doing. Theodore Roosevelt, September 7, 1903 Teddy Roosevelt’s assertion in a Labor Day speech 115 years ago still rings true; worthwhile labour can greatly enrich human life. People’s everyday work lives are greatly enriched when they make […]
RAWBANK, the only Congolese bank to have been selected as a founding member of the China Africa cooperation, has assumed its leading role in the Congolese banking sector alongside international and African banks. This agreement marks the official establishment of the first China-Africa financial cooperation multilateral mechanism. Based on the presentation by H.E Xi Jinping, […]