Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued on Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank …

Kampala, Uganda | THE INDEPENDENT | MPs have unanimously approved the Budget Framework Paper for the financial year 2022/23 to FY 2026/27, after harmonising positions in the minority and majority reports of the Committee on Budget. Section 9(8) of the Public Finance Management Act requires Parliament to receive and process the Budget …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have extoled the late Prof. Emmanuel Tumusiime Mutebile for what they termed as an immeasurable dedication to the growth of the economy of Uganda. The Prime Minister, Robinah Nabbanja, presented to a Parliament a Motion to eulogize Mutebile, who served as the …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October’s forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as economies grapple with supply …

Kampala, Uganda | THE INDEPENDENT | The Economic Policy Research Center (EPRC) says the Covid-19 pandemic caused a drop in revenues, economic shutdown and new expenditure pressures which now calls for re-prioritization of national resources. According to Paul Lakuma, the Head of the Macro-Economic Unit at EPRC, a medium plan in reallocating …

Kampala, Uganda | THE INDEPENDENT | There is no doubt that the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this, his replacement is poised to raise interest and excitement …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health is now banking on personal responsibility to curb the transmission of COVID-19 as the economy fully reopens. Bars, entertainment centres, public concerts and the entire Arts industry are now allowed to operate, after close to two years of extreme restrictions which …

Kampala, Uganda | THE INDEPENDENT | Politicians from across the political divide have taken to social media to mourn the passing of Prof. Emmanuel Tumusiime-Mutebile, the longest-serving Governor of the Bank of Uganda. Mutebile who has been struggling with ill health for some time, passed on yesterday morning at Nairobi Hospital …

Kampala, Uganda | THE INDEPENDENT | The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is dead. Mutebile died this morning at Nairobi Hospital, according to an announcement made by Deputy Governor Micheal Atingi-Ego. He was 72. Mutebile was admitted to Nairobi Hospital after he collapsed due to complications related …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has mobilized sh12 trillion through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the …