Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Ugandan borrowing public will continue enduring a high cost of credit for as long as the current inflation and foreign exchange rates continue skyrocketing, according to the Bank of Uganda. This is in response to calls by the private sector, especially the manufacturers, that …

Mastercard’s Farm Pass transforming lives of farmers in Uganda Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic threw the world into disarray, but in Africa, life continues: Farmers farm, merchants sell, people apply for capital to create jobs and improve livelihoods, and a heightened need for access to healthcare underpins …

New York, U.S. | Xinhua | The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer, an economist told Xinhua. Other countries have to de-dollarize because of American foreign policy, forcing them to create an alternative, said Michael Hudson, professor …

Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has called for the reduction of the Central Bank Rate-CBR, saying it has made borrowing from commercial banks very expensive. CBR is the rate that is used by the Central bank to implement or signal its monetary policy stance. It is …

Kabale, Uganda | THE INDEPENDENT | Former Minister of Agriculture Hope Ruhindi Mwesigye has expressed doubt over the Parish Development Model that is being implemented by the government as a tool to uplift the livelihood of 39% of Ugandans from subsistence to cash economy. The former Kabale District Woman MP …

Kampala, Uganda | THE INDEPENDENT | The banking industry is worried over the rate at which the cost of living in Uganda is rising threatening the recovery of the economy. The Uganda Bureau of Statistics reports that headline inflation steadily increased to 6.8 per cent at the end of June, from …

Tehran, Iran | Xinhua | An Iranian lawmaker said on Monday that the Western sanctions on Iran and Russia have brought the two sides closer to each other in trade and economy, official news agency IRNA reported. Iran and Russia are providing one another with the products they fail to have …

London, UK | Xinhua | Arabs are losing faith in Western democracy to deliver economic stability across the Middle East and North Africa, the BBC reported on Sunday, citing a latest survey. More than half of the 23,000 people interviewed across the region by the Arab Barometer network agree with the …

Kitgum, Uganda | THE INDEPENDENT | Kitgum Municipal Council has secured 30 scholarship slots for underprivileged youths. The selected beneficiaries will undergo rigorous training on skills development at the Acholi Industrial Hub in Gulu. The Acholi Industrial Hub is one of the 22 zonal hubs established countrywide through the Presidential Initiative …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …