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Tag Archives: economy

Ugandans are much richer-UBOS

Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …

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Nigeria’s Buhari unveils record $33.8 billion budget

Abuja, Nigeria | AFP |  Nigerian President Muhammadu Buhari on Tuesday unveiled a record budget plan to lawmakers, ramping up ambitious spending goals for his second term in charge. The draft budget increased more than 13 percent from last year at 10.33 trillion naira — around $33.8 billion (30.8 billion …

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XENOPHOBIA: Nigeria’s Buhari arrives in S.Africa

  Johannesburg, South Africa | AFP | Nigerian President Muhammadu Buhari arrived in South Africa on Wednesday for a state visit after an outburst of xenophobic violence in and around Johannesburg stirred tensions between Africa’s leading economic powerhouses. Buhari and his South African counterpart Cyril Ramaphosa will meet Thursday to …

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China plans new tariffs on $75 bn of US imports

Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …

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Uganda slams report on ‘Huawei spying’

Uganda slams report Huawei helped spy on opposition leaders Kampala, Uganda | AFP |  Uganda on Friday denied a report that employees of Chinese telecom giant Huawei had aided a domestic spying operation targeting pop star turned opposition icon Bobi Wine. The Wall Street Journal reported this week that Huawei …

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