“Inflation to rise above the 5% target” – Governor Tumusiime-Mutebile

Monday October 1, 2018 – Friday October 5, 2018

Politics
Kyadondo East Member of Parliament Robert Kyagulanyi, alias Bobi Wine, is still dominating the political scene. Opposition politician Kizza Besigye claimed this week that the government had plotted to assassinate Bobi Wine during the Arua violence and blame the killing on him. “Efforts have been made to cause conflict within the Opposition which would be the launch pad for assassinations. This nearly happened in Arua and they targeted to kill Honourable Kyagulanyi and arrest Besigye for murder. We lost someone in Arua who was sitting where Bobi Wine sits and nobody has been arrested for shooting Yasin (Bobi Wine’s driver), but we know what happened to the killers,” Dr Besigye told a press conference in Kampala on Thursday 4, 2018.
 
However, the Minister of Information, Mr Frank Tumwebaze, dismissed the claim, saying Dr Besigye was looking for attention because he is increasingly becoming irrelevant after many years in Opposition. However, Dr Besigye said he was in possession of intelligence information from “credible sources” within the government who told him he was to be arrested and charged with the MP’s murder.
 
Economics

The Bank of Uganda (BOU) has announced a raise in the central bank rate (CBR) from 9% to 10%, a move responding to pressure of increasing prices of goods and services. The CBR is key in determining the interest rates vis a vis the economy. A raise means BOU is sensing the economy could hit some turbulence going forward. The central bank will use this rate to control inflation as well. Over the past one year, BOU has reduced it from as high as 17% early last year to 9% in June this year to boost growth by allowing businesses to borrow at lower interest rates. According to BOU Governor Emmanuel Tumusiime-Mutebile, inflation is projected to rise above the 5% target within the next 12 months – necessitating policy stance change.
 
Diplomacy
Uganda and Saudi Arabia have reiterated that their relation is based on co-operation and mutual respect. This was said during the celebration of 88th National Day of the Kingdom of Saudi Arabia. The Kingdom of Saudi Arabia has, since its inception, relied on principles and foundations within the key frameworks of the main principle of good neighbourhood, non-interference in the internal affairs of other countries, strengthening relations to serve the common interests with the countries of the world, the establishment of co-operation relations with friendly countries and play an active role within the framework of regional and international organisations to achieve peace and security in the world.
 
Society and Culture

Uganda is still ranked among the top countries with high maternal and newborn death rates despite progress made towards improving health of mothers and newborns. Dr Placid Mihayo, an official from the Ministry of Health said more needs to be done especially in emergency neonatal care, which, he said is still not up to standard. He said, “health workers need to improve in surgical skills and there is also a need to increase access to competent and high quality care to labouring women in Uganda.” Mihayo said this while launching specialized training in operative obstetrics and surgical skills at Makerere University. The launch was coordinated by the American College of Obstetricians and Gynaecologist (ACOG).
 

Monday October 1, 2018 – Friday October 5, 2018

Get Weekly Updates from The HORN Institute