Tag Archives: economy

Washington, U.S. | Xinhua | U.S. President Joe Biden on Wednesday signed an executive order calling on the whole government to examine the risks and benefits of cryptocurrencies, placing great urgency on the research and development of a possible digital U.S. dollar. “Digital assets, including cryptocurrencies, have seen explosive growth in …

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has urged Ugandans to explore the many sight-seeing opportunities found within the country in order to boost domestic tourism. Minister Kasaija said that Uganda has many unexploited tourism attractions and beautiful sceneries that locals and people from other parts …

Kampala, Uganda | THE INDEPENDENT | A two-year study on the refugee populations in Uganda has revealed that refugees are more economically viable than they have been considered before. The ‘End-line Study for the Financial Inclusion for Refugees Project’ on the theme: Rebuilding Livelihoods in Displacement was aimed at enabling policymakers, …

Kampala, Uganda | THE INDEPENDENT | The Parish Development Model, a program meant to eradicate poverty through the execution of development activities at the parishes has been officially launched by President Yoweri Museveni. The 490 billion Shillings Parish Development Model replaces Emyooga, a presidential initiative on wealth and job creation which was …

  Time for the country to leap into pharma knowledge and great value manufacturing COMMENT | MORRISON RWAKAKAMBA | Uganda Investment Authority is working with Ministry of Health and other stakeholders to implement establishment of an over 500 acre fully serviced major pharmaceutical industrial park in Nakasongala to spur human …

Kampala, Uganda | THE INDEPENDENT | The government of Uganda has explained that the decision to stay away from the International Coffee Agreement (ICA) extension was inevitable for the good of the local industry, a position agreed to by some private sector players. The ICA is an instrument for international cooperation …

Jerusalem, Israel | Xinhua | Israel’s gross domestic product (GDP) increased by 8.1 percent in 2021, the highest annual growth in 21 years, according to a report released by the Israeli Central Bureau of Statistics on Wednesday. The country’s GDP increased by 3.6 percent in 2019, and decreased by 2.2 …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Once the bill clears the Senate, senior lawmakers will have until March 11 to reach an agreement on how to fund the government for the remainder of the fiscal year Washington, U.S. | Xinhua | The U.S. House of Representatives on Tuesday passed a short-term bill to extend federal government funding …

Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …