Tag Archives: economy

There are still many areas of the county that are underserved when it comes to broadband internet access Kampala, Uganda | THE INDEPENDENT | The government is seeking to get a USD 500 million loan to cater for investment into the expansion of internet broadband. This program will involve extending the national …

Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …

Moscow, Russia | Xinhua | The Russian economy has withstood Western sanctions and performed “much stronger than the West believed,” President Vladimir Putin said on Tuesday. “We have ensured the stability of the economic situation, protected citizens, saved jobs, prevented market shortages, including essential goods, and supported the financial system and …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has advised Ugandans living in the United States of America (USA) and the United Kingdom (UK) to utilize the available opportunities to invest in Uganda. According to Museveni, Uganda is a secure country whose economy is growing stronger day by day and its …

Kampala, Uganda | THE INDEPENDENT | The Minister for Finance, Planning, and Economic Development Matia Kasaija has asked governments, financial and development organizations to allocate financial resources towards climate change mitigation. According to Kasaija, climate change is the biggest single challenge to not just the environment and human life, but the …

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …

Harare, Zimbabwe | Xinhua | Zimbabwe’s economic activity remains robust, as evidenced by strong foreign currency receipts, Zimbabwean President Emmerson Mnangagwa has said. Writing in his weekly column Sunday in the state-run Sunday Mail newspaper on his reflections on the Reserve Bank’s 2023 Monetary Policy Statement, Mnangagwa said the country’s balance of …

Kampala, Uganda | THE INDEPENDENT | The petroleum marketing industry in Uganda experienced mixed fortunes over the last six months as the importation of diesel (AGO) significantly fell below that of petrol (PMS) as uncertainties in the economy continued. According to records at the Ministry of Energy and Mineral Development, and …

Kampala, Uganda | THE INDEPENDENT | During the debate and adoption of the National Budget Framework Paper for the Financial Year 2023/2024, Parliament instructed government to review the plausibility of some of the agencies created by government. The Deputy Speaker, Thomas Tayebwa, echoed a concern raised by the Member of Parliament …