Archive for September, 2011

State drops defilement charges against priest

Karimojong men make a granary in preparation for the harvest season. Many Karimojong are now constructing such granaries across the region for safe storage. A lot of crops were damaged by floods due to limited storage facilities

The Director of Public Prosecutions has withdrawn charges of defilement against Fr. Joseph Kalinaki, the Vicar General and finance secretary of Jinja Diocese, ending a controversy that had brought the priest and the Church into disrepute.

Jinja Resident State Attorney Vicky Nabisenke said she had carefully perused the case file and found no evidence of any immoral sexual act, save for finding the accused being in the company of the alleged victim.

Fr. Kalinaki was on August 27 arrested following a complaint by an elder sister to the alleged defilement victim. This was after Fr. Kalinaki and the victim were allegedly found at Paradise Hotel. In her statement, the elder sister alleged that her sister was 14 years, and that Fr. Kalinaki had for some time been misleading her, making the “young girl” miss school. (more…)

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Managing the Inflation

Managing the Inflation

Starting small and staying dedicated to your job will eventually pay off. it does not matter how small your capital is.

In economics, inflation is a rise in the general level of the price of goods and services over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.

Last week inflation hit 21.4 per cent, Uganda’s highest in 20 years. As if that was not bad enough, the Central Bank announced a 2 per cent rise in the Central Bank Rate (read – lending rate). Though ethically a corrupt tendency, this affects both new and old commercial bank clients. (more…)

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