Headline inflation is a measure of the total inflation within an economy, including commodities like food and energy prices, (e.g oil and gas), which can easily (spontaneously) rise in case of a sustained increase in general price levels of goods and services. Statistics from the Uganda Bureau of Statistics (UBOS) indicate that Uganda's annual headline… Continue reading The reason behind a rise in Uganda’s Headline Inflation
Harvard's Centre for International Development recently released its latest global growth projections, which lists Uganda as one of the economies to grow fastest by 2026. The report noted that with the fall in oil prices, growth leadership has shifted towards, more diversified economies like Uganda. Uganda is expected to grow by 7.9% annually until 2026… Continue reading Is agriculture benefiting from Uganda’s economic growth?
LAST weekend I found a way of combining roast meat, drinks and a discussion about plastic recycling with an interesting fellow called Frank Morris Matovu, at Zone 7’s Shisanyama (a whole other story of its own). Frank is an architect, an artist, an avid reader, a curator and a collector of old books. I first… Continue reading Memories of what Mulago Hospital was meant to be and what it has become
In the recently concluded meeting of East African Community (EAC) heads of state held in Kampala, Uganda, bureaucracy was identified as one of the biggest hurdles to infrastructure development within the region. During the meeting, discussions centered around improving electricity generation, linking regional roads, and investment in information and communications technology if the region is… Continue reading Uganda needs a boost in its tax base to fill the existing infrastructure gap
Based on the data released by Uganda Bureau of Statistics (UBOS), economic growth is projected to average about 6.3 percent over the next five years. This growth is mostly being attributed to a rise in public investments, increasing growth in consumption, and improved agricultural productivity, which is largely tied to favorable and consistent weather conditions.… Continue reading A peek into the future of 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.
Agriculture has been the back bone of Uganda's economy for ages. Recent statistics show that over 80% of Uganda's population is employed at some stage in the agricultural sector. However, the benefits and direct contribution to the economy are yet to be fully derived and enjoyed by the populous involved in this trade. While doing… Continue reading Hindrances to the prosperity of the agricultural sector in Uganda.
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 in… Continue reading Poor spending habits: A major cause of the vicious cycle of borrowing.
Yesterday, I was part of a marketplace convention held in Kampala, Uganda. This convention brings together Christians from different walks of life to discuss and share their experience in the marketplace. Individuals who have been working for more than 10 years or so are given a platform to share their stories and experiences. They narrate… Continue reading Integrity: A virtue essential for personal and national economic development.
In a society where nearly everybody is dominated by somebody else's mind or by a disembodied mind, it becomes increasingly difficult to learn the truth about the activities of governments and corporations, about the quality or value of products, or about the health of one's own place and economy. In such a society, also, our… Continue reading Is Economic freedom a mith?