Kampala, Uganda | THE INDEPENDENT | Uganda’s economic growth has strengthened markedly in recent years, rising from below 3 per cent in 2020 to an estimated 7 per cent today, supported by some of the strongest macroeconomic indicators on the continent. While these gains have drawn both praise and scepticism, …
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HARARE | TASS | Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF). Growth rates in countries such as Rwanda, Uganda, and Ethiopia will exceed 7%, while South …
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KAMPALA, UGANDA | Xinhua | Uganda’s economy is forecast to expand by 10.4 percent by the end of the 2026/2027 financial year, up from an estimated 6.6 percent at the end of the 2025/2026 financial year. The Ministry of Finance, Planning and Economic Development on Wednesday released a five-year National …
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Cairo, Egypt | THE INDEPENDENT | President Yoweri Kaguta Museveni has urged Egyptian investors to channel capital and entrepreneurship opportunities into Uganda, saying the two countries can transform their centuries-old Nile connection into a powerful engine for economic growth. Speaking at the Egypt–Uganda Business Forum in Cairo alongside his host, …
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How the Uganda budget resource for FY2025/26 are allocated 1⃣ Wages & Salaries – Shs 8.57 trillion 2⃣ Non-Wage Recurrent Expenditure—Shs 28.33 trillion (includes operations, wealth creation funds, science & tech, education & health grants, medicines, infrastructure maintenance, and interest payments) 3⃣ Development Expenditure – Shs 18.24 trillion 4⃣ Domestic …
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NAIROBI, | Xinhua | Central banks of the East African Community (EAC) member states on Friday projected regional economic growth at 5.8 percent in 2025. Kamau Thugge, governor of the Central Bank of Kenya and chairperson of the EAC Monetary Affairs Committee, said the growth outlook will be supported by …
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Kampala, Uganda | THE INDEPENDENT | Musa Lukwago, a resident of Kyengera on the outskirts of Kampala, started his delivery business in 2016. For a while, business was good—until he began receiving orders that required him to have a reliable means of transport. Determined to meet customer demand, Musa set …
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OPINION | Bob Twinomugisha | As we reflect on 62 years of Uganda’s independence, this year’s celebration theme—”A Re- commitment to Secure and Fortify Our Destiny”—is a rallying call to our people to renew our dedication to building an inclusive and prosperous future. The Uganda Development Bank (UDB) has been central to …
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Kampala, Uganda | THE INDEPENDENT | The government has embarked on an ambitious strategy of growing the economy tenfold from USD 49.5 billion as of FY 2023/2024 to USD 500 billion in the next 15 years. The NDPIV is the fourth out of the six National Development Plans for Uganda Vision …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is quite robust after weathering through several shocks in recent years, say top economists from the Africa Development Bank Group (AFDB). While there has been concern about the increase in domestic and foreign debts, economists suggest that the Ministry of Finance and the …
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The Independent Uganda: You get the Truth we Pay the Price
