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Tag Archives: finance

GGOOBI: Uganda not ready for minimum wage

  Kampala, Uganda | THE INDEPENDENT | Uganda has not yet reached the level of setting the minimum wage, Ramathan Ggoobi, the Secretary to the Treasury and Permanent Secretary in the Ministry of Finance, Planning and Economic Development has stated. According to Ggoobi, it is bad economics to institute a …

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India to take a decade to overcome COVID-19 pandemic losses

Mumbai, India | Xinhua | India will take over a decade, or around 15 years, to overcome the losses incurred during the COVID-19 pandemic despite its economic growth rebounding from a low-base, the country’s central bank said in a report on Friday. The monetary losses estimated by the Reserve Bank …

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Uganda’s 2022-2023 budget to focus on economic recovery

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …

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Uganda on world map of sustainable finance

    Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged financial institutions operating in Uganda to align their business strategies with the development needs of the country and with the well-being of its people. He emphasized that the financial sector is key to sustainable economic development through mobilization …

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