Tag Archives: growth

Johannesburg, South Africa | AFP |  Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …

Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …

Chicago, United States | AFP | The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund’s managing director, said the current global recovery was …

By Andrew M. Mwenda The opportunities and risks China faces as it begins its transition from middle income status to a rich nation I spent the whole of last week in China literally flying from one city to another – sometimes covering two cities per day. The speed of change …

By Julius Businge Information and communication technologies have a key role in contributing towards positive socio-economic growth for Africa, according to Uganda’s Vice President, Edward Kiwanuka Ssekandi. Ssekandi was speaking at the opening plenary of e-learning Africa 2014 conference held in Kampala on May 28. He said Uganda has identified …

By Ronald Musoke Food insecurity which is already a perennial challenge in East Africa could be worsened by the region’s rapidly growing population— already one of the highest in the world, a new book published by three international research institutions has warned. The book entitled ‘East African Agriculture and Climate …

By Andrew M. Mwenda A great business can close in infancy, not because it is loss making but because it cannot get credit to overcome its initial cash flow constraints. Here is the performance of Uganda’s banks in 2010: Out of the 22 registered banks, 14 made profits, two broke …

By Andrew M. Mwenda On Wednesday last week, the Uganda Bureau of Statistics (UBOS) published results of its National Household Survey which showed that the proportion of people living in poverty has declined from 31 to 23%. It was good news for President Yoweri Museveni who had just been nominated …

By Andrew M. Mwenda   Uganda has sustained robust economic growth for the last 23 years, a fact that opponents of President Yoweri Musevei ignore actually to their disadvantage. This growth has produced a private sector and a political and bureaucratic class with money and power. In denying it, the …