Tag Archives: economy

Kampala, Uganda | URN | Uganda’s cost of living rose in September as food prices, transport fares and energy costs increased, while a weakening shilling and a widening trade deficit added to the economic pressures facing the country. This increase reflects a general rise in prices across the various baskets …

  In this letter to the Finance Minister, Rwakakama outlines a third path between spending the reserves buffer and watching the shilling.   COMMENT | MORRISON RWAKAKAMBA | Dear Henry Musasizi, Minister of Finance, Planning and Economic Development. I write on the evening of our 64th Independence, as a citizen in the coffee …

  KIGALI | Xinhua | Rwanda’s economy grew by 9.4 percent in the second quarter of 2026, up from 7.8 percent during the same quarter of 2025, driven by strong performance in the industry and services sectors, according to data released by the National Institute of Statistics of Rwanda (NISR) …

  COVER STORY | For a decade, President Yoweri Museveni has promised, and repeatedly proclaimed, Uganda’s arrival in the lower-middle-income club. The World Bank keeps saying not yet. Behind the numbers lies a deeper contest over growth, population, political legacy and who gets to define Uganda’s economic progress, reports Ronald …

    On one side are people building ownership in the economy; on the other are people financing consumption with borrowed money.   COMMENT | MITCHELLE MUGYENI | Everyone assumes Uganda’s next financial fault line will be the old one: rich versus poor. Look closer at the numbers, and a …

Tanzania has a blueprint to grow its economy tenfold by 2050, but faces multiple entrenched challenges if it is to prove realistic   NEWS ANALYSIS | LENNOX YIEKE |  Tanzania has set its sights on becoming a $1 trillion, upper‑middle‑income economy by mid-century. Under a long‑term plan known as Vision …

  Businesses are still struggling with higher costs caused by global events, including renewed conflict in the Middle East, which has disrupted energy markets and pushed up fuel prices   Kampala, Uganda | JULIUS BUSINGE | Ugandan businesses are feeling more confident about the months ahead, but rising fuel prices, …

    COMMENT | NANTEZA SARAH KYOBE | Hosting the Africa Cup of Nations (AFCON) 2027 is not just about football; it presents a significant economic opportunity for Ugandans to engage, offer services, generate employment, and highlight the best of our nation. As Uganda gets ready to join Kenya and Tanzania …

  Botswana wants to become one of Africa’s leading electric vehicle (EV) manufacturing hubs by 2030. As government invests in the sector, local businesses, engineers and entrepreneurs are already positioning themselves to supply the emerging value chain, bringing new hope to Selebi-Phikwe and the country’s industrial future.   SPECIAL REPORT …

  The forum also highlighted the need for stronger capital markets to support Uganda’s long-term development goals   Kampala, Uganda | JULIUS BUSINGE | Uganda’s plan to expand its economy tenfold to about $500 billion by 2040 will depend not only on investment and industrial growth but also on stronger …