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Tag Archives: economy

Central Bank calls for better planning, accountability for emergencies

Kampala, Uganda | THE INDEPENDENT | The Deputy Governor Bank of Uganda, Michael Atingi-Ego has called for better planning for emergencies so that pandemics can have minimal impact. Atingi-Ego noted the need for reduction in spending on non-priority areas, postponement of capital intensive and import-dependent projects to help improve external balance …

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Government data shows Indian economy to grow 9.2%

New Delhi, India | Xinhua |  Indian economy is estimated to grow at 9.2 percent in the current financial year 2021-22, compared to a contraction of 7.3 percent in the previous year, government data showed on Friday. The increase is attributed mainly to the better performance of the agricultural and …

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Political crisis casts shadow on Sudan’s already fragile economy

Khartoum, Sudan | Xinhua | The impact of the resignation of Sudanese Prime Minister Abdalla Hamdok will spill over from politics to the country’s already fragile economic situation, Sudanese economic analysts said on Tuesday. In an obvious sign, after months of recovery and stability, the exchange rates of the Sudanese pound …

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20 years on, euro has yet to tap its int’l potential

Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …

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2021 resilient economy

  Ramathan Ggoobi Key interventions by government supported positive recovery   Kampala, Uganda | THE INDEPENDENT | Economic analysis for the year 2021 shows a somewhat positive recovery as opposed to a year before as government eased COVID-19 pandemic restrictions. According to the ministry of finance annual report which incorporates …

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Gov’t registers UGX52Bn revenue shortfall in November

Kampala, Uganda | THE INDEPENDENT | Government in the month of November registered a revenue shortfall of 52.18 billion Shillings against its target for the month. This is highlighted in the Ministry of Finance monthly report on the performance of the economy released on Monday. Government through the Uganda Revenue Authority-URA …

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