The harmless observations of Ugandan, Paul Busharizi. Is it me or are we missing something here?
Thursday, December 31, 2015
UGANDA: OUT OF THE FRYING PAN IN 2015 AND INTO THE FIRE IN 2016?
Ugandans are looking to the New Year with a combination of hope but mostly concern as 2015, a year characterised by economic hardship and rising political tension, winds down.
In April the central bank raised its policy rates, a move for which they received a lot of criticism as inflation was only at 1.9 percent. They explained that the action was taken in anticipation of rising inflation as the shilling begun to plummet and commodity exports slumped.