Last week, I traced the history and showed the shape of the current financial crisis that has held the world hostage; today, I discus the direct impact it could have to Uganda.
Wednesday, October 29, 2008
Wednesday, October 22, 2008
The financial meltdown in Europe and North America has continued in spite of the large sums of money governments have pumped into the financial markets to prop them up. On October 10th, both the Dow Jones Index in New York and the FTSE in London fell by 7%. For Ugandans, what is this crisis about? What caused it? Who was responsible? Could it have been avoided in time? How different is it from other economic crisis before? What are its likely effects both on the global economy and on Uganda? Is there something that we in Uganda should be afraid of?