Nine cases of #covid19 are so far been reported in Uganda, what next? Conduct the country #covid19 risk assessment Take drastic actions to minimize the spread Establish communication protocols for the official source of data Implement emergency relief for the vulnerable Activate economy stabilization fund How? Conduct the country #covid19 risk assessment From one case to nine, the #covid19 threat is becoming dire. In Uganda, our culture and lifestyle are like that of Italy – where community living, friendship and sharing is a way of life. At one factory in Kampala, with over 1,200 workers of which 800 are casual,…
The cash flow squeeze and BOU’s need to push for liquidity
The economy is moving into an iceberg. If Bank of Uganda, does not step in quickly, we may end up the Titanic way. BOU must issue regulations with respect to the following: Issue corporate bonds. Financial institutions should sale bonds to by Bank of Uganda so that banks have liquidity. For example, Australia has reduced interest rates by more than 25 basis points in less than a month. Encourage financial institutions to lend more to individuals to spur spending, consumption and economic activity The government must set prices for basic commodities to avoid exploitation amid the crisis. Prices for basics…
Uganda on higher alert as COVID19 cases rise to nine
A total of eight new cases were confirmed on 23rd March 2020, bringing the total COVID19 cases in Uganda to nine. A message circulating on social media, from one of the persons at the frontline in the fight of COVID19 in Uganda, indicates that eight people tested positive as of 23rd March 2020, from 35 samples. Many of the cases originated from Dubai, which had not been identified as a high-risk country! According to a statement released by Dr Jane Ruth Acheng, Uganda’s Minister for Health, “Eight new cases of COVID-19 confirmed in Uganda bringing the total number to 9.…
