Remittance payments hit record in 2017: World Bank Washington, United States | AFP | Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Uganda’s remittance inflows improved from $1.1 billion …
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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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Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …
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Uganda had more poor people in 2017 than in 1991 indicating a rise in income and food poverty COMMENT | ENOCK NYOREKWA TWINOBURYO | On Feb.19, the Uganda Bureau of Statistics (UBOS) issued a second and revised version of the Uganda National Household Survey (UNHS) 2016/17. The major revision from the first …
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Four years later, Youth Livelihood Programmeimplementers assess its impact Kampala, Uganda | HAGGAI MATSIKO | A business venture by a group of eleven youth in Katebe Village, Kamwenge district is thriving after they got a Shs 7.7 million interest free loan in 2015 from the Youth Livelihood Programme (YLP); a …
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UGANDA: Why economic development tends to increase social insecurity leading to anger THE LAST WORD | ANDREW M. MWENDA | A couple of months ago, the Uganda Bureau of Statistics produced its survey showing that between 2012 and 2017, the number of people living in poverty increased from 19 to 27%. This provided …
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Districts with Elderly grants see reduced poverty levels Kampala, Uganda | THE INDEPENDENT | Districts that received grants from the Ministry of Gender, Labour and Social Development have seen a drop in poverty levels, according to a recent analysis by Uganda Bureau of Statistics (UBOS). While poverty levels in districts have …
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Kampala, Uganda | DICTA ASIIMWE | Days after it emerged that the number of Ugandans living below the poverty line has increased to levels last seen twenty years ago, debate amongst experts is raging. But while the figures have raised eyebrows, experts say they are not overly surprised given the …
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Geneva, Switzerland | AFP | The global unemployment rate is expected to tick down in 2018, the United Nations said Monday, while warning that far too many workers still live in desperate poverty. The International Labour Organization forecast a worldwide unemployment rate of 5.5 percent this year, a marginal improvement on …
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THE LAST WORD: Why the tendency of African intellectuals to blame leaders for the failures of our nations is escapism THE LAST WORD | Andrew M. Mwenda | I recently had a Twitter debate with Prof. George Ayittey; the Ghanaian author of `Africa Unchained: the blueprint for development’ (Palgrave/MacMillan, 2004) …
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The Independent Uganda: You get the Truth we Pay the Price