Tag Archives: remittances

Kampala, Uganda | THE INDEPENDENT | While labour externalization is on an increase in Uganda, experts have pointed out that the country lacks a return policy that supports them to be able to sustain themselves in the economy when they return home. Agnes Igoye, the Deputy National Coordinator, Prevention of Trafficking in …

Nairobi, Kenya | XINHUA | Kenya’s Edwin Kamau secured a job as a mechanic in the gulf state of Qatar. He is set to join the growing number of Kenyans seeking greener pastures abroad. The 27-year-old father of three was recruited last week by an employment agency based in Nairobi …

Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) predicts a significant decline in both Foreign Direct Investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors due to the economic crisis induced by the COVID-19 pandemic and shutdown. The value of planned FDI …

Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …

Kampala, Uganda | THE INDEPENDENT | Countries that have been receiving money in the form of investment in exploration activities – search for minerals – like Uganda will see this dry up as companies cut their spending due to the impact of the coronavirus . This is according to the World …

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  …

By Julius Businge Uganda, which is the third largest economy in East Africa expects to record over $700million as remittances earned by Ugandans living in foreign countries, a top Bank of Uganda official has said. Speaking to journalists at the Bank’s head office in Kampala on Dec. 4, Adam Mugume, …