By Godfrey Kenneth Gobba For most of us, the safety of our money is paramount. Thus efforts to secure our money should be focused on achieving both the safety of our principal and the safety of our purchasing power. However, majority of us tend to focus primarily on the safety
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Kenya on Monday kicked off the implementation of plastic bags ban despite opposition from manufacturers. The High Court last week also ruled against a case filed by two plastic bags importers and declined to suspend the ban. Environment and Land Court Judge Bernard Mweresa Eboso on Friday said public interest
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Three photos are all that Yaya Sangare has to remind him of the family he once had. It was nine months ago when his wife and sons drowned off the coast of Libya. "I was holding my newborn son Kami Davide in my arms when he died," he says quietly,
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By Godfrey Kenneth Gobba Often times, because we don’t really understand how inflation wipes out our purchasing power over the years, we usually don’t consider protecting it from inflationary erosion as a priority. Purchasing power is how much your money can buy. It is how many kilos of sugar or
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By Lydia Kayonde, One of the most significant changes in financial services over the past few decades has been the growth and adoption of Bancassurance. Whileit may sound like a complex word, it isa simple term coined by combining two words, bank and insurance. The sale and distribution of insurance
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Profits recorded for Ugandan banks in 2017 are set to drop as effects of the hard economic times begin to manifest. In 2016, banks registered huge profits, having concentrated their efforts on recovering Non-Performing Loans (NPLs) while remaining cautious towards lending. Consequently, total industry profit increased to Shs676.73bn in 2016,
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By Godfrey Kenneth Gobba The concept of using a financial asset as an investment solution usually makes more sense to high income earners than to low and middle income earners. For ordinary people that are struggling to make a living, financial assets tend to make more sense only if they
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Angolans are preparing to go to the polls to choose a new president. But although the country's long-serving leader is standing down, he and his family do not seem ready to give up power. President Jose Eduardo dos Santos, 74, has been president of Angola since September 1979 - a
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Many multinationals like to brand along the lines of Africa, but in their ways do little to live the African values. But recently I saw an exception. Ecobank trades as the pan African bank. At the unfortunate death of their company Secretary (Annette Mwiriza Mukunda) and an amazing friend to
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Barring a recent slowdown, Uganda has achieved robust economic growth over the past decade; with positive per capita GDP and a higher average growth rate than that for sub-Saharan Africa (Figure 1). Whilst, this positive economic performance is mostly attributed to domestic factors such as sound macroeconomic policies and strengthened
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