Tag Archives: economy

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 …

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 …

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 …

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 …

Kampala, Uganda  | THE INDEPENDENT | Uganda has had a frantic 2021 as it experienced one of the most contested presidential elections, a devastating pandemic and a new war against terrorism. A three-month presidential election campaign culminated on Jan. 14, with the incumbent, 76-year-old Yoweri Museveni tussling it out with the …

Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …

  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 …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda on Monday said the Omicron variant of COVID-19 is casting uncertainty over the country’s economic outlook. Bank of Uganda, in a monthly monetary policy statement issued, said the Omicron variant could further disrupt the global supply chain, which may have spillover …

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 …

Islamabad, Pakistan | Xinhua | The Organization of Islamic Cooperation (OIC) has decided to establish a humanitarian trust fund, launch a food security program, and facilitate to unlock financial and banking channels for Afghanistan to help the Afghan people facing looming humanitarian crisis, Pakistani Foreign Minister Shah Mahmood Qureshi said on Sunday. …