Author: Irene Ageno Julu

Economic recessions can’t be avoided! The World has had worst recessions than the 2022, but its already scaring a section of the population. Usually recessions are as result of uncontrollable situations for instance wars, diseases, drought etc. However Economically its linked to forces of demand and supply. 2022 is not different. The Russia-Ukraine war created a mega economic recession that nobody can predict the end. Sanctions against Russia was a tool to stop war but economically cut down supply of an important driver of the economy. Limitation in fuel supply led to increased prices of Petroleum and Everything else that’s…

By now all Ugandans are shakened by the visuals of malnourished children and adults displayed on the media. Others including MP for Primary Health Care Hon. Margaret Muhanga claim they haven’t seen the signs and symptoms of malnutrition in children, well malnutrition exists. Thousands in Karamoja region believed to be experiencing starvation and malnutrition due to drought, poverty and worse the increasing cost of Essential commodities.PM Robinnah Nabanjja has this week through Ministry of Finance allocated shs.135B to provide food to the region, however like many, Nabanjja agrees that provision of food is a temporary solution rather the community needs…

Just like the rest of the World, different types of crimes are on the rise. Uganda in particular is battling what could be termed as crimes in relation to Increasing Cost of living. Though individual characters plays biggest role, we can’t Ignore the fact that poverty has created depression and hopelessness among many. These escalating night crimes is not different from the rest, however some are linked to frustrated individuals looking for survival means. For decades the country has been battling poverty with areas of Acholi, Busoga, Teso and Karamoja experiencing the worst. Recently hearts were broken as several perished…

Following the fuel crisis for the past 12 months, Gaaga Bus Services joins others in suspending travels across the country. The Russia-Ukraine war so far has affected several economic activities with Petroleum prices steadily increasing.In July 2018, Transport Lincensing Board suspended operations of Gaaga bus Company due to unexplained series of road accidents and numerous death. This time however the suspension is internal.Despite intervention by Government, that accepted a minimal increase in Bus and taxi fares across the country, the gap has not been narrowed. Fuel prices the continously increasing forcing several traveling companies to suspends operations in bid to…

We congratulate Democratic Republic of Congo joining the EAC making a total of seven countries. The Regional Economic Community has sited several success Uniting the region economically and socially evidenced in the EAC passport that eased travel between states as well as Migration integration with Uganda as the largest refugees host. Though the aspect of a common currency to promote trade hasn’t been achieve, Language barrier on the other hand could be no more in the near future as Uganda who is the least swahili speaking country joins the cause to learn by adopting and absorbing the language in primary…

Singer Spice Diana known as Hajjara Namuwkya is allegedly wanted over the murder of a 27 year old casual labourer. On 30th June 2022, Nsamba who climbed the home of the musician was brutally beaten by mob for attempted robbery and whisked to katwe police where he was taken to Mulago Hospital. Nsamba who past on in Hospital sustained injuries that led to his death. Its on that note that police summoned Spice Diana as to aid investigations.Meanwhile the singer has been traversing the country from one performance to the next minting cash. We shall keep you posted on developments…

The second CEO Forum meeting took place today 1st July with numerous CEOs from both government and private entities, from production, media, NGOs and others sharing futuristic prospects for growth and development for several sectors. Interesting but not new, members raised the issue of Buy Uganda Build Uganda by requesting President Museveni to look into turning KACITA Traders from importers to exporters of Ugandan products by providing key aspects like finance and subsidies. Well, this is overdue because Ugandans are highly entrepreneurial but demotivated, frustrated by imported cheaper goods which has flooded the market.With all the presented industrial requests, it’s…

Do you need to study business to know the business language? No! Everyone can become a successful business owner as long as you agree and appreciate the outcomes of business. Uganda is very entrepreneurial considering the size of the informal sector. This is the sector of the economy where young intellectuals operate, such minds can transform the economy if given the support necessary. However, they invest small, earn as much as they can without a dream to become bigger.The following if taken seriously may transform a small business to larger company.Business IdentificationDespite the informality, we still need to be mindful…

With the 2021/2022 ending in June, Ugandans welcome a new financial year. Unlike the former where covid 19 shut down economies with lockdowns, the latter is expected to recover what had been lost with a fully opened economy. In order to achieve the National Development Plan, government through ministry of Finance approved 48 trillion shilling. The budget is to be financed by tax collection by Uganda Revenue Authority and Government borrowing. The Minister Matia Kasaija also stressed that no new taxes will be introduced but improvements in Revenue collection. An increase in tax payers and tax base has been achieved…

While Ugandans are frustrated with the thought of inflation and projected famine, it’s ambiguous to say that Parliament approved and released estimated 2.4b to procure brand new Mercedes-Benz worth $500,000 for Speaker Rt. Hon. Anita Among and her deputy Thomas Tayebwa. Much as it is provided for in the Constitution, Ugandans do not only contend the price but also the timing, with the increasing recession. Was it humane, fair to procure now and not later while the economy suffers? Ordinary Ugandans are baffled, disappointed and frustrated by inhumane nature of the Parliament they voted. Others wonder where the government official…