Will a reduction in the CBR jumpstart Uganda’s economy?

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?

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The Homerun: If you’re willing, then it’s possible.

The homerun obstacle race was scheduled for late last month and I was so looking forward to it. Unfortunately, a few days prior to the race I got sick and started second guessing my participation. This run was meant to demonstrate the challenges that refugees face while fleeing their home countries, usually in small families.… Continue reading The Homerun: If you’re willing, then it’s possible.

Development starts from within us.

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.

Artificial Intelligence: Reality of a jobless future.

Econsimplified

After completing campus (University studies), the dream of every graduate is to get a job and apply the knowledge that we have amassed. We spend sleepless nights perfecting our CVs, making numerous job applications, and then dropping them off one office at a time.

Finally, when that lucky break manifests and we get a job, we celebrate and start building a career!

Meanwhile, these celebrations could be short lived with Artificial Intelligence (AI) becoming the norm in not only the developed but also the developing countries.

With the current tough financial times, every employer would wish to reduce expenses and operate at the lowest possible costs without necessarily undermining the quality of his/her product.The advance of Artificial Intelligence in the work-place is gradually making this wish come true, with prospects of not having to pay salaries and allowances.

Recent studies by Carl Benedict and Michael Osborne examined the probability of…

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Dare to live today!

Putting things off is the biggest waste of life. It snatches away each day as it comes, and denies us the present by promising the future. The greatest obstacle to living is expectancy, which hangs upon tomorrow and loses today. You are arranging what lies in fortune's control, and abandoning what lies in yours. What… Continue reading Dare to live today!

The state of Economics today.

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.

Relevant research is important for prosperity of the agricultural sector.

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.

Mechanization: A kick-start to agricultural prosperity.

Inadequate agricultural mechanization is one of the biggest hindrances to transforming Uganda's agriculture from subsistence to commercial agriculture. The director of National Crops Resources Research Institute (NaCRRI), Dr. Godfrey Asea, recently said that 99.4% of small scale farmers in Uganda use rudimentary and obsolete technologies in agriculture, having tools like hand hoes, hand held axes,… Continue reading Mechanization: A kick-start to agricultural prosperity.

Low commercial agricultural levels are predominant in Uganda.

Close to 70% of Uganda's homesteads, that is, approximately 7 out of every 10 homesteads are not in the money economy. Many families still belong to the pre-capitalist mode of production where people do not produce for money but just for eating and social obligations. Therefore, despite the fact that majority of the people are… Continue reading Low commercial agricultural levels are predominant in Uganda.