Tag Archives: economy

  As Uganda accelerates its cashless ambitions, there is debate about whether it can truly leave cash behind Kampala, Uganda | IAN KATUSIIME | Uganda’s financial ecosystem has made a tremendous shift towards mobile money transactions — led by platforms like MTN Uganda and Airtel Uganda — which now move trillions …

JOHANNESBURG | Xinhua | The escalating conflict in the Middle East is poised to have profound consequences for South Africa’s economy and the global market, a senior researcher warned on Saturday. Na’eem Jeenah of South Africa’s Mapungubwe Institute for Strategic Reflection shared his insights with Xinhua following the Feb. 28 strikes …

Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives in Uganda Francis Mwebesa has said Uganda will intensify its import substitution agenda as a strategic pillar for industrialization, focusing on strengthening domestic production to competitively replace imported goods while creating jobs and retaining foreign exchange. He has …

Uganda’s Billionaire Axis: Mapping Capital Concentration in a $65 Billion Economy BUSINESS ANALYSIS | THE INDEPENDENT | Uganda’s private capital class is expanding faster than its capital markets. In an economy where public equity remains shallow and disclosure is limited, wealth accumulation has largely occurred through privately held companies, commercial …

Kampala, Uganda | THE INDEPENDENT | Uganda’s ambition to grow its economy tenfold by 2040 is facing an unexpected threat: a fast-rising mental health crisis driven by rapid population growth, youth unemployment, and mounting social pressures. At the launch of the State of Uganda Population Report 2025 (SUPRE 2025) at …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic future is poised between opportunity and caution, according to top officials from the Bank of Uganda and the National Planning Authority (NPA). In a wide-ranging discussion this week, Professor Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, and Dr. Muwawala, Executive …

Kampala, Uganda | THE INDEPENDENT | When Jibran Fauz Qureish, the Head of Africa Economic Research for Standard Bank Group, stepped up to the podium at the 5th Stanbic Economic Forum in Kampala, he did something unusual. Instead of opening with data tables or forecasts, he offered a question that …

COMMENT | BETHUEL KARANJA | From Washington to Beijing, the global economic weather is turning unpredictable. Trade rules that once anchored international commerce are fraying under the strain of protectionism, geopolitical rivalry and economic nationalism. For a small, open economy like Uganda’s, deeply plugged into global commodity markets, capital flows …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development now projects Uganda’s economy to grow at 10.4 percent next financial year. This is based on the expected commencement of the flow and exportation of crude oil by the country, with State Minister for General Duties …

COMMENT | VALI NASR |  Iranians have taken to the streets to protest the collapse of the country’s currency and surging inflation, with many calling for an end to the Islamic Republic. Yet the government’s response has differed from earlier waves of unrest. Whereas Iran’s rulers were quick to suppress …