The world is on a test: who long does it take to stop a pandemic? After how many victims? No one loves to see the statics of victims. History will judge the leaders of this generation harshly if people continue to die from this pandemic. Already, delays in board closures exposed the world significantly due to the greed and capitalist nature of our economies. A viral infection is very deadly. Just one patient could infect the whole country if not immediately identified, isolated and managed. Many economies are under lockdown. It is a tough balancing act. Each day of lockdown…
Prayer to defeat corona virus in Uganda
God our Father through Jesus Christ our Lord you travelled through towns and villages curing every disease and illness. At your command, the sick were made well. Come to our aid now, in the midst of this globally spread coronavirus; may we experience your healing love. Heal those who are sick with this terrible pandemic and educate those who are in denial. May all humanity regain courage, strength, and health through all good advice and quality medical care. God console those who have already lost their dear ones. Heal us from the prevailing pride which prevents us from working together…
Remote working: the future arrives early
There is always a silver lining. As #covid19 keeps the world awake, progress is being made in some areas for example adoption of innovative service delivery models. Internet banking, remote working, online education, mobile apps uptake, and many digital solutions. Enter the isolation economy As the world braces itself for an extended lockdown period, technology is the only channel that is keeping the world connected. No passenger flights. Total transport lockdown. No gatherings. The internet and mobile communications have been a real gamechanger in disseminating information about the state of the virus, how it spreads and measures to stay alive.…
Covid19 risk assessment and crisis management
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.…
