A good number of people have lost their property to banks because of failure to fully understand the terms of payment, not until it's too late. This failure has not only affected the borrower, but also banks in terms of Non-Performing Loans. (These result when borrowers aren't able to payback their loans within the required… Continue reading Bureau to stop banks from attaching borrowers’ property
The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood that as desirable, and even when necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and… Continue reading The cost of innovation
Africa represents about seven percent of the world's internet users, and 37 percent of those are in the Common Market for Eastern and Southern Africa (COMESA) region. With those statistics, the continent is yet to reach a desirable level of digital connectivity. That said, benefits being enjoyed currently inspite of the limited access to mobile… Continue reading Why Africa should invest in digital technologies
In today's article, I put into perspective the recent move by the Central Bank of Uganda of reducing the CBR in order to jumpstart the economy. Enjoy the read... In the past months, Uganda's economy has experienced a massive slowdown in its growth. A number of events have played a significant role in this economic… Continue reading Will a reduction in the CBR jumpstart Uganda’s economy?
I usually take walks along the streets of Kampala everyday after work. Last Friday proved to be one of a kind, mostly because I was accompanied by an enchanting and brilliant young lady. Momentarily, a conversation ensued between us in which I got fully immersed. Just across the street, there sat an able bodied man… Continue reading Development starts from within us.
I am always fascinated by the prospect of discovering a new definition of economics and its role in shaping the dynamics of our society. Some of you are probably still caught up in a maze of figuring out what this phenomenon called "Economics" actually is. A number of people perceive it differently and so have… Continue reading The state of Economics today.
We need to strengthen research for efficiently produced healthy food, while ensuring the availability of food at affordable prices. Finding out things like how much and how long it costs to produce a given crop, the available market say in a given region go a long way in ensuring that there's efficiency in production. With… Continue reading Relevant research is important for prosperity of the agricultural sector.
Yesterday, I came across a very interesting article in the Daily Monitor Newspaper regarding peoples' spending habits. I found it related to my previous article titled "Living within our means for a better tomorrow" and was therefore prompted to share it with you this day. The phrase, "Failing to make ends meet " is common… Continue reading Poor spending habits: A major cause of the vicious cycle of borrowing.
Yesterday, I was part of a market place convention held in Kampala, Uganda. This convention is held once every year and brings together Christians from different walks of life in the job market. For instance, some of the companies that were represented included Renault car company,Insurance Company of East Africa (ICEA), to mention but a… Continue reading Integrity: A virtue essential for personal and national economic development.
The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income. Ha-Joon Chang.