Dear Pastor Dr. Creflo $$$$, Since you broke the curse of Poverty from Uganda in 2007, inflation has risen to over 18% and millions of Ugandans are struggling to survive. Well done dear anointed man of God!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MUST WATCH: AMERICAN HERETICS DOLLAR OR SENSE
http://www.youtube.com/watch?v=L4qjoe0aN_I&feature=feedlik
FIRST READ:
Coming on the heels of Benny Hinn is another celebrity televangelist. Dr. Creflo A. Dollar will hold a crusade at the Nelson Mandela Stadium in Namboole on Wednesday starting 7p.m. Dollar's brief will not be to perform miracles but help break the yoke of poverty. After the Namboole do, Dollar will meet pastors and religious leaders on Thursday June 14 at Miracle Centre Cathedral, Rubaga between 10a.m. and 12p.m. His wife Taffi will then speak in the afternoon from 2p.m. to 4p.m.( The monitor, June 17, 2007)
Bro. Danny Macdowell, An American bible prophecy and New testament teacher has released a DVD titled: American Heretics in Uganda. The DVD exposes the teachings of American heretics such: as Creflo $$$$, Benny Hinn, Joyce Meyer, K.Price, M.Hickey etc. In this DVD, Bro.Danny Macdowell argues that ‘’Uganda has become a dumping place for American heresies and heretics’’. He also urges American missionaries to get involved in sound doctrine preaching missions to Africa. This DVD is one of the best expose I have watched. I keep watching it over and over again. Before exposing the various American heretics, Bro.Danny Macdowell dwells in-depth on the meaning of the word church. This in-depth critique really opened my eyes about the deception in the church today. Bro.Danny begins by reading from 1 Cor 3:9-18 about the temple of God. In this DVD Bro.Danny exposes Creflo Dollar as a false Prophet because he came to break the curse of poverty On Uganda in 2007 yet the poverty just increased and the Ugandan shilling is terribly struggling against the US dollar. (http://watchmanafrica.blogspot.com/2010/11/brodanny-macdowells-american-heretics.html)
The Creflo Dollar Half a Million Dollar Africa Meeting
http://www.yesumulungi.com/index.php/apostasy-watch/130-The%20Creflo%20Dollar%20Half%20a%20Million%20Dollar%20Africa%20Meeting.html
Bro.Danny Macdowell’s American Heretics in Uganda DVD hits Kampala
http://watchmanafrica.blogspot.com/2010/11/brodanny-macdowells-american-heretics.html
CREFLO DOLLAR'S 700 MILLION UGANDA TRIP
http://watchmanafrica.blogspot.com/2007/06/creflo-dollars-700-million-uganda-trip.html
Uganda's inflation shoots to 18%
http://www.newvision.co.ug/D/8/13/761408
Friday, 29th July, 2011
Uganda's year-on-year inflation rate rose to 18.7 percent in July from 15.8 percent in June, the Uganda Bureau of Statistics said on Friday.
The Uganda Bureau of Statistics (UBOS) said the headline inflation rate rose to 18.7 percent from a revised 15.7 percent in June. The monthly headline index jumped 2.2 percent in July compared with 0.1 percent a month earlier.
The inflation rate in June had eased for the first time in eight months helped by a fall in food prices, but analysts said that decline was likely to be temporary as the country was entering a long dry spell that would exhaust food supplies.
"Food crops remained the main driver of inflation because they have the highest weight in the basket," the UBOS said in a statement.
"This is the highest (inflation rate) since February 1993, when it was 24.9 percent."
Food crop prices jumped 42.1 percent in the year to late July, up from 39.0 percent in the year to the end of June, the data showed.
The Bank of Uganda launched a new benchmark lending rate and announced inflation targets on July 6 to tame the price pressures that have pushed inflation in the east African nation.
The bank said it would target 5 percent core inflation in the "medium term" without giving a specific time frame, and it set its new central bank rate (CBR) at 13 percent for July.
July Inflation Shoots to 18 Per Cent
http://allafrica.com/stories/201107291185.html
The Monitor, 29 July 2011
Faridah Kulabako and Nicholas Kalungi
Consumers should brace for tougher times ahead as inflation continues to accelerate, threatening to increase price pressures that have already eroded people's spending power.
Data released on Friday by the Uganda Bureau of Statistics shows that the Consumer Price Index (CPI) indicates that the annual headline inflation shot from the revised rate of 15.7 per cent in June to 18.7 per cent in July 2011, the highest since February 1993, when it stood at 24.9 per cent.
CPI is a measure of the monthly average change in prices that consumers pay for a market basket of goods and services during a selected period.
UBOS Director macro-Economics, Dr Chris Ndatira Mukiza said that rising inflation is mainly driven by skyrocketing food prices attributed to supply shocks due to seasonal effects and increased transport costs.
Food inflation rose to 40.6 per cent in July, up from 33.4 per cent in June 2011.
Dr Mukiza said that while prices for sweet potatoes, cassava, oranges, sweet bananas, bread, maize flour, millet flour and sugar increased during the period, cabbage, tomatoes, onions, beans and fresh milk prices decreased due to increased supplies.
Uganda's inflation is the highest in the region. Kenya's inflation stood at 14.5 in June while Tanzania's was 10.9 when compared to Uganda's 15.7 over the same period.
Recently, Bank of Uganda revised its monetary policy, putting benchmark interbank interest at 13, up from 11 per cent, a move that the Central Bank governor, Mr Emmanuel Tumusiime Mutebile, said sought to mop up excess liquidity from circulation in order to tame the runway inflation.
He noted that the Central Bank would works towards ensuring that it keeps inflation the 5 per cent target.
This volatile economic environment characterised by rising prices and the depreciation of the shilling forced commercial banks to revise their prime lending rates upwards to factor in the increasing costs.
Last week, teachers laid down tools demanding for salary increments to enable them meet the rising cost of living.
Meanwhile, core inflation, which excludes food crops, fuel, electricity and metered water, which are volatile to price changes increased to 15.6 per cent during the period, up from 12.2 per cent June mainly due to the continued depreciation of the shilling against the dollar.
The weak performance of the dollar also impacted imported goods prices especially new clothing, household and personal goods.
Bread Prices on increase in Uganda
http://www.monitor.co.ug/News/National/-/688334/1213404/-/bkiqltz/-/
By Andrew
If you are still persuading your children to take tea with less sugar because you can’t afford to buy it a high price, then look for another reason why they should have less bread.
Yesterday, the Uganda Bakers’ Association announced an increase in the prices of bread and confectionery as high as Shs4000 on family bread.
The outgoing General Secretary of Uganda Bakers’ Association, Mr Remegio Mukalazi said yesterday that the increasing prices of the commodities like sugar, wheat and baking fats, have forced them to increase the price of bread.
“The prices of sugar and wheat which are the major ingredients in bread baking have increased. Workers are also demanding for higher pay because their landlords have doubled the rent fees,” Mr Mukalazi said.
According to the association’s new prices, a bread of one-kilogramme commonly known as family bread will go for Shs3,000 from Shs2,700 while the price of half a kilogramme of bread has jumped from Shs1,400 to Shs1,500.
The price of special bread that has been at Shs2,900 is now at Shs3,200. Small special bread price has been increased by Shs100 from Shs1,500.
This is the second time in the association is increasing prices of bread in five months. There has been scarcity of sugar in the country with reports that some traders are hoarding it.
Bread is a major item on the breakfast menu of so many families, especially in urban areas, in the country.
The association say the wheat which they used to buy at Shs90,000 a bag is now at Shs105,000, and the price of a bag of sugar has increased from Shs125,000 to Shs220,000.
Ugandan Shilling, World’s Worst in Month, Weakens Versus Dollar in Kampala
http://www.bloomberg.com/news/2011-07-27/ugandan-shilling-world-s-worst-in-month-weakens-versus-dollar-in-kampala.html
By Fred Ojambo - Jul 27, 2011 3:23 PM GMT+0300
Uganda’s shilling, the world’s worst-performing currency over the past month against the dollar, erased yesterday’s gains.
The currency of Africa’s second-biggest coffee producer weakened 0.2 percent to 2,600 shillings per dollar at 2.36 p.m. local time in capital, Kampala, according to data compiled by Bloomberg. It closed at 2,595 shillings a dollar yesterday.
“This week we have really been trading in a narrow range,” Denis Mushabe, a currency trader at Standard Chartered Bank Plc’s Ugandan unit, said by phone from Kampala.
The shilling has depreciated 11 percent against the dollar this year, the world’s third-worst performer after Suriname’s dollar and Maldives’ rufiyaa, as a surge in food and fuel prices pushed inflation to a 17-year high. The currency has weakened 4 percent over the past month, the most worldwide.
UGANDA’S SH50,000 NOTE WINS GLOBAL ACCOLADE. SO WHAT? I DO NOT CARE ABOUT THE BEAUTY OF THE CURRENCY NOTE ; ALL I WANT IS A CURRENCY THAT CAN COMPETE GLOBALLY.
Uganda’s sh50,000 note wins global accolade
http://www.newvision.co.ug/D/8/13/761153
Tuesday, 26th July, 2011
By John Odyek
The International Bank Note Society has announced Uganda’s 50,000-shilling note the Bank Note of 2010.
The award was decided by a popular vote of IBNS members.
The vote is a positive development for the shilling, which has been heavily battered by the dollar and other foreign currencies in past five or so weeks.
The note beat other 13 notes to the accolade in a vote that started in February on the IBNS website, www.theibns.org. The other notes were from Denmark, Mexico, Gibraltar, Syria, Kazakhstan, Oman, Tajikistan, Laos, Vanuatu, Costa Rica and Hong Kong.
The IBNS said the Uganda’s 50,000-shilling note won because of the strong design element consistent with the series.
The note was part of a series of six notes introduced in May 2010.
Army MP Gen. Elly Tumwine was part of the team that designed the notes.
