Kampala, Uganda | THE INDEPENDENT | Uganda and other African countries have been advised to take a keen interest in US politics. The outcome of the presidential polls later this year is poised to affect several economies across the world. Experts say, the election is important for Uganda, which …
Read More »Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The government need to invest more resources in education, health, and social protection to benefit from the demographic dividend Kampala, Uganda | ISAAC KHISA | The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil …
Read More »World Bank commends Uganda’s economy performance amidst risks
Kampala, Uganda | THE INDEPENDENT | The World Bank has given Uganda’s economy a positive midterm outlook but forecasts slower growth rates than the government projections. According to the 23rd Edition of the Uganda Economic Update, the economy will grow by 6.2 percent next financial year and improve further to 6.6 …
Read More »Intra-African trade values hit US$192 billion
However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …
Read More »Kasaija’s Shs72 trillion heavy budget
Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …
Read More »Economic growth or protect environment?
Africa doesn’t have a choice but here is how they can go hand in hand ANALYSIS | LITE NARTEY | Heathrow Airport in the UK currently uses more energy than the entire West African country of Sierra Leone. Despite Africa accounting for less than 4% of all global greenhouse gas emissions, …
Read More »Museveni’s eye on money lenders, economy
Will the President’s move to cap interest rates charged by money lenders and his suggestions on regional markets yield tangible results, or are these just passing remarks? Kampala, Uganda | JULIUS BUSINGE | In his latest State of the Nation Address 2024, President Yoweri Museveni wants to cap interest rates charged …
Read More »Chinese-built Uganda road transforms lives, boosts economy
MASINDI, Uganda | Xinhua | For 83-year-old Yosam Kagolo, travelling on the newly paved road to nearby towns is more than just a convenience. It is a symbol of progress and opportunity. Kagolo, a seasoned trader in the Ngwedo trading center of Buliisa district in rural midwestern Uganda, vividly remembers …
Read More »REPORT: Investors express optimism about Uganda’s business environment
KAMPALA, Uganda | Xinhua | Investors in Uganda have expressed optimism about the business environment, especially in the manufacturing and wholesale trade sectors in the East African country, according to a government report released on Tuesday. The optimism is shown by the Business Tendency Index, which remained above the 50-mark …
Read More »BPO’s a linchpin for Uganda’s economic growth
In Africa, countries like Egypt, Morocco, Tunisia, South Africa, Ghana, Ethiopia, Kenya, and Rwanda are seeing rapidly growing BPO industries COMMENT | ANGELLA KAKUMIRIZI | Businesses worldwide are increasingly adopting Business Process Outsourcing (BPO) to manage their non-core functions. From customer service roles, such as call centers, to back-office processing that …
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