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Category: Business

Business

Crisis looms as debt hits Shs80 trillion 

Thank you for reading Nation.Africa Show plans As Uganda’s economy faces tough headwinds, it is difficult to tell which way the economy will turn to following some lapses from key decision makers, Prosper Magazine has established.  The ripple effect of a double digit inflation, a...
Business

20 years down, Stanbic fails to replace UCB 

Stanbic bank The world over, scholars have heaped Africa’s post-colonial economic problems on its leadership. In Uganda, the ruling National Resistance Movement [NRM] has almost solely taken the blame for the economy’s poor performance, in the recent past. Not known to locals, NRM and other...
Business

‘Protect your guns from thieves’ 

Prison warders march with their guns A year ago, they were barely noticeable. But the recent spate of killings of security personnel and thefts of their guns is causing headaches for security chiefs. The commissioner general of Prisons, Johnson Byabashaija, has urged prison staff to...
Business

Broke MPs hide from voters 

Parliamentary building An election victory is a moment of celebration—and a moment of uneasiness for many members of parliament. First, they borrow to run an election campaign. When they win, they stake their salary to borrow more money to save their mortgaged property. The worst...