Kampala, Uganda | URN | The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods. Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to translate the growth of …
Read More »
Kampala, Uganda | URN | Commercial banks in Uganda continue to announce what they call impressive results for the year 2025, boosted by the country’s 6.5 percent growth, but are worried 2026 might be a reverse if the middle east conflict persists. Absa Bank Uganda is the latest to release …
Read More »
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, …
Read More »
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 …
Read More »
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 …
Read More »
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, …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
