Tag Archives: economy

Moscow, Russia | XINHUA | Russia’s economy is steadily recovering from the impact of sanctions and other challenges with a GDP growth of 0.6 percent in the first five months of this year, Russian Prime Minister Mikhail Mishustin said late on Tuesday. During a meeting with President Vladimir Putin, Mishustin said …

Per capita income increased to about US$930 for FY21/22, edging closer to the lower-middle-income threshold Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic activity is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak, according to the World Bank’s 21st Edition of the Uganda Economic …

Museveni also boasted about the country’s industrialisation exploits, with factories he said now standing at 226 and over 303 waiting to open Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni is content with the economy’s progress, which he said recovered from a nosedive during the COVID-19 pandemic, and is poised …

NEWS ANALYSIS | THE INDEPENDENT | Uganda’s debt stock has witnessed a significant surge over the past decade, primarily driven by the government’s intensified investment in infrastructure projects. This trend gained further momentum in the fiscal year 2020/2021 during the COVID-19 pandemic. The total national debt, (domestic and external) increased …

New York, US | Xinhua | External intervention or unilateral sanctions will not solve the problems in Central Africa, said a Chinese envoy on Monday. The ongoing situation across multiple African countries proves that solutions to African issues must be found from within. The vigorous efforts by the Central African …

Kampala, Uganda | THE INDEPENDENT | Civil society organisations in Uganda have warned that the 2023/24 national budget will not be achieved and neither does it respond to the current needs of the country. The parliament has approved a budget worth 52 trillion Shillings, which is bigger than the outgoing …

Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …

Lessons for the rest of Uganda’s economy from the local content rules enforced in our oil sector THE LAST WORD | Andrew M. Mwenda | For over thirty years now, Uganda government generally and President Yoweri Museveni specifically, have promoted an open-door policy on Foreign Direct Investment. Foreign firms are given freedom to …

Can the world avoid annual global growth falling to a three-decade low of 2.2% and remain weak? COMMENT | KAUSHIK BASU | The Spring Meetings of the World Bank and International Monetary Fund usually provide a platform for various organisations, policymakers, and commentators to reflect on the state of the …

Banking entities posted impressive growth in profit after tax during the year owing to the opening up of the economy and the subsequent growth in the private sector credit Kampala, Uganda | ISAAC KHISA | More than half of companies listed on the Uganda Securities Exchange recorded growth in profits in …