Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | Professional accountants have joined efforts to push for better public finance management practices to support economic development. This comes as the government insists that there will be no new loans contracted in the next three years starting with the financial year 2023/24 as the …

World Bank, BoU explain short-term, long term opportunities, challenges Kampala, Uganda | AGENCIES | The outlook for long term economic growth is positive but a lot of drag persists in the short term. Viewed that way, the latest World Bank outlook for Africa matches the sentiment of the latest outlook of …

He has been praised as a brilliant economist and a hands on bureaucrat Kampala, Uganda | IAN KATUSIIME | Former Permanent Secretary of the Ministry of Finance and Secretary to the Treasury (PSST), Keith Muhakanizi died on April 13 in a hospital in Milan, Italy after a long illness. Muhakanizi has …

Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …

Dakar, Senegal | Xinhua | The World Bank has granted Senegal 91 billion CFA francs (about 151.4 million U.S. dollars) in financing to implement a project to accelerate the country’s digital economy. The financing agreement was signed Thursday in Dakar, the capital of Senegal, by Mamadou Moustapha Ba, minister of finance …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …

The national budget’s purpose should be to use fiscal policy to protect the least well-off from disruptive blows COMMENT | Robert Skidelsky | In 1969, the British financial journalist Samuel Brittan published a book called `Steering the Economy: The Role of the Treasury’. At the time, it was still widely assumed that …

SPECIAL FEATURE | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …

Johannesburg, South Africa | Xinhua | South Africa continues to look to BRICS for promoting industrialization, increasing trade and investment, growing the economy and reducing unemployment, said a senior government official Thursday. “South Africa’s trade with other BRICS countries is significant; this is particularly the case with China,” said Ebrahim Patel, minister …

Why a lot of surmons about economic transformation are a mixture of oversimplification and moralising THE LAST WORD | Andrew M. Mwenda | Kishore Mahbubani is a distinguished diplomat from Singapore and twice served as that country’s permanent representative to the United Nations. And he is also a brilliant intellectual and author. His …