The electricity distributor’s assets are to be handed over to the government in 2025 Kampala, Uganda | THE INDEPENDENT | A surge in customer base, efficiency in revenue collection and a reduction in energy losses helped the electricity distributor, Umeme to record a 6.5% growth in profit after tax for the …
Read More »
Nairobi, Kenya | Xinhua | African countries should enact policy and legislative instruments that facilitate seamless cross-border movement of the skilled labor force in order to realize economic growth, stability and cohesion, the International Organization for Migration (IOM) officials said Thursday. Mohammed Abdiker, the director of the IOM’s Regional Office for East …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance Industry reports that in 2022 the various companies collected a total of 1.44 trillion Shillings in gross underwritten premiums, compared to 1.13 trillion Shillings recorded in 2021. This, according to the industry is due mainly to increasing awareness by the public of the …
Read More »
This big problem shows we must not allow economics to advise society with flawed theories and indicators COMMENT | Tiago Cardao-Pito | In studies, forecasts and recommendations to governments, markets are seen as capable of processing so-called rational information. Economists claim that firms’ market prices result from rational expectation about their future …
Read More »
In Highly Indebted countries, it might require a combination of deeper debt reduction and longer time COMMENT | Dani Rodrik, Reza Baqir, and Ishac Diwan | This year may prove devastating for the developing world, as more and more countries find themselves engulfed in debt crises. Several (Lebanon, Sri Lanka, Russia, Suriname, …
Read More »
Why government and philanthropy need to steer incentives and resources toward three interconnected goals COMMENT | Sven Smit, Anu Madgavkar, and Kevin Russell | In November 2022, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda revolved around …
Read More »
The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …
Read More »
Kampala, Uganda | ISAAC KHISA | State-owned Uganda Electricity Generation Company has maintained a growth trajectory in its annual performance with the latest financial results indicating a 24 per cent growth in income to Shs 210.9billion for the year ended June.30. The company attributes increase in income to a surge in …
Read More »
Beijing, China | AFP | China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world’s second-largest economy grew by 6.1 percent last year, its worst performance since 1990, …
Read More »
Kampala, Uganda | THE INDEPENDENT | The shortage of medicines in health facilities, poor roads, the deteriorating performance in education institutions and waning agricultural productivity is evidence of the toll that corruption has had on the lives of ordinary citizens across Uganda. The warning was sounded by the Democratic Governance …
Read More »
The Independent Uganda: You get the Truth we Pay the Price