Nankwanga Eunice Kasirye

Until one qualifies from an active income earner to passive income earner when people and social capital is more important, then crossing to middle income is still a long distance. The Investment clubs Association of Uganda is promoting passive income earning through professional savings groups where more than five people come together to pool resources for short term and long term financing. The groups operate on good leadership, vision, a good team, the product to run, sustainable cash flows legal and structural systems to promote efficient operations. Mobilizing capital finance for short and long term investment is still a big challenge in Uganda since Uganda’s culture of saving is still so faint. Very few Uganda companies can ably list on the Uganda stock exchange for the obvious reasons that corporate governance, transparency and accountability are key ingredients in accessing financing from the stock markets but so rear among indignant companies. Therefore, coming up wit...

30TH-10-2013 In efforts to improve accountability and transparency in government agencies as and ministries, government has adopted a number of reforms and policies to that effect. Quarterly reports for government releases are now made public to help ensure effective usage of the funds for the intended purposes. Therefore government has released 5.72 trillion Uganda shillings for this quarter equivalent to 47% of the approved national budget for this financial year. The 5.07 trillion shillings is a quarterly release equivalent to 47% of the government’s approved budget for this financial year. This excludes non-resource taxes and external financing and serves for the quarter that begun in July to December this year. This is to cover plans in the different ministries agencies, referral hospitals, missions abroad, total center votes and local governments. The funding will further be released in form of capitation grants to schools in line with the school term calendar and enhance...

 17th-10-2013 Several African countries have potentially viable shale gas deposits, which, if developed, could lead to lower gas prices, increased consumption of natural gas, reduced greenhouse gas emissions from power generation and substantial economic benefits to producer countries, find a report launched today by the African Development Bank (AfDB). Shale Gas and its Implications for Africa and the African Development Bank, examines both the positive and cautionary lessons that Africa can learn from the “shale gas revolution” – the recent explosion of shale gas production in the United States.  The authors also conclude that the development and production of shale gas can present substantial environmental challenges. These include the large amounts of water required for extraction, water contamination, increased seismic activity and the venting and flaring of associated gas. Governments and the public must consider the most advantageous way to proceed before emba...

14 TH -OCTOBER-2013   The Asians doing trade business here have blamed the compromising legal system in the country for their continual illegal operations. The Asians were meeting the trade minister over her directive to deport all foreign illegal petty business operators by January next year . Emelia Kyambadde-Min of Trade   The minister of trade, industry and cooperatives insists that Asians and other foreigners must    refrain from petty trade and undergo the legal procedures to do trade here. The minister was meeting the Asian business community here in Uganda who blames the compromised legal system for their illegal operations. The ministry passed a directive last week threatening to deport all the foreigners who illegally operate petty business here.   The Asians however claim the bureaucracy in Uganda’s’ systems and the corruption embedded therein, has frustrated efforts to choose the legal procedures. The minister of Trade Emelia Kyamba...

7thg-Oct-2013 By –Nankwanga Eunice Kasirye Nankwanga Eunice with  Luisa Moreno during an exclusive interview The discovery of the extractive resources    in countries such as Uganda could easily be seen as an opportunity to transform lives economically. This is because literally the resources are expected to bring with the good jobs, infrastructural developments and other related economic strides.   An international resource analyst from Canada Luisa Morena makes an insight on the host country possibilities to attain better deals devoid of the resource curse. But it is common that countries that discover the natural extractives such as oil, gas and minerals are always marred with political strife, governance inefficiencies and good gross domestic product not translated within the population   Since the resource rich countries have no or little knowledge about the resources, their governments often have a problem in developing the resource. The s...