Washington, United States | AFP | World Bank shareholders approved a “historic” increase in the bank’s lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said neither China nor any …
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Khartoum, Sudan | AFP | President Omar al-Bashir’s dismissal of Sudan’s foreign minister, Khartoum’s top negotiator with Washington, is unlikely to affect efforts to have Khartoum removed from a US “terrorism” blacklist, experts say. On Thursday, Bashir sacked Ibrahim Ghandour, who headed negotiations with Washington that in October helped lift …
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Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …
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Khartoum, Sudan | AFP | President Omar al-Bashir on Thursday fired Sudan’s Foreign Minister Ibrahim Ghandour, state media reported, after he said that Sudanese diplomats abroad had been unpaid for months. In a speech to lawmakers on Wednesday, Ghandour, who negotiated the lifting of decades-old sanctions with Washington in October 2017, …
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Luanda, Angola | AFP | Angola on Thursday passed a law scrapping rules that previously forced foreign investors to partner with local firms, as President Joao Lourenco tries to revive the oil-dependant economy. Lourenco has vowed to pull in foreign investment after he succeeded Jose Eduardo dos Santos, who had ruled …
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Harare, Zimbabwe | AFP | Zimbabwe warned Thursday that a string of strikes threatened efforts to revive the economy after the ousting of Robert Mugabe, as a stand-off with striking nurses deepened. The government on Tuesday sacked the majority of 15,000 nurses who started industrial action this week shortly after …
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Tripoli, Libya | AFP | Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla …
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How progressive is Uganda’s tax code for an economy that has been hurting since 2016? COMMENT | MORRISON RWAKAKAMBA | As we approach the 2018/2019 Financial Year and the statecraft colour that comes with it – the State of the Nation address and reading of the national budget; the dress rehearsals …
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Kampala, Uganda | THE INDEPENDENT | The World Bank projects Sub-Saharan Africa to garner an economic growth of 3.1 percent in 2018, and increase of over one percent from 2017. Recent data in the Africa Economic Update released Wednesday afternoon point to a moderate strengthening of economic growth in early 2018. …
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Governor projects 6.5% economic growth in three years but private sector concerns remain Kampala, Uganda | JULIUS BUSINGE | On April 09, the Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, arrivedat the Bank’s conference room on the 7th Floor to announce the Monetary Policy Statement for Aprilpast the usual time, 12:00pm. The …
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The Independent Uganda: You get the Truth we Pay the Price