While the discovery of oil and gas in the Albertine has raised fear of a likely resource curse , some residents in Hoima and Buliisa districts say they are witnessing some transformation even before oil comes out of the ground.
According to the Fort Portal City Mayor Edison Asaba, the daily dues being paid by the vendors are a form of extortion meant to frustrate the marginalized city dwellers from growing their small scale businesses.
“You are buying shares into MTN Uganda Ltd., which includes 100% of the MTN Mobile money company," says the CEO.
Mobile Money is the second most important source of revenues for the company, accounting for a quarter of total earnings, after voice which brings in half of the company’s revenues. Data accounts for 20% while the remaining 5% is from other digital services, wholesale and device sales.
Fiona Nshemerirwe Kabwama, the General Manager of Uganda Housing Cooperative Union says that that what is provided on the market isn’t responding to the actual needs given that most Greater Kampala residents are low income earners, arguing that a one-bedroom condominium costing 200 million shilling is largely unfordable and targeting the wrong market.
The Auditor-General, John Muwanga’s report on the Embassy’s audited financial statements was tabled before Parliament last week. Muwanga’s qualified opinion notes that the finances of the Embassy were not handled well.
Zainab Ssesanga, working with 2Niles Public Relations Agency in Nsambya, says many of the domestic workers who had registered with them are quietly picking their passports, claiming they got other companies to process for their departure. She says therefore, Government needs to re-opening their training centres in order to save the poor girls who are desperately looking for jobs from misled by the bad characters.