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Tag Archives: World Bank

Research: Ugandan officials might have hidden UGX 267bn Aid money

  Kampala, Uganda | THE INDEPENDENT | Ugandan officials could have stashed away a whopping USD 73M (UGX267B) of the aid money from the World Bank between 1990 and 2009, a new research paper suggests. The controversial paper written by researchers from the Norwegian Business School, University of Copenhagen, and The …

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World Bank questions Uganda’s growth with no jobs

Kampala, Uganda  | THE INDEPENDENT | The World Bank has said Uganda should ask hard questions on why the country is growing but not creating enough jobs and people incomes remain stagnant. In the Economic update for Uganda launched on Thursday, the international lender said Uganda’s level of per capita …

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World Bank’s funding to Uganda increases to UGX 7 Trillion

Kampala, Uganda | THE INDEPENDENT | Uganda will get at least 7 trillion shillings from the World Bank for the period between 2021 and 2023, officials have said. The money is part of new funding round that the bank has put aside for the developing countries under the International Development Assistance …

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UGX 20 billion road project kicks-off in Arua

Kampala, Uganda | THE INDEPENDENT | Arua municipality has embarked on the Shillings 20 billion World Bank funded road project under the Uganda Support to Municipal Infrastructure Development-USMID. The 2.8 kilometers road stretches from Arua prisons to Arua primary school via River Oli division headquarters. The project was handed to …

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Gov’t rejecting loans from World Bank

Kampala, Uganda | THE INDEPENDENT  | The government is rejecting loans from the World Bank in favour of those from China. This is according to the National Economy Committee of Parliament. According to Syda Bbumba, the committee chairperson, while meeting officials from the World Bank recently they said that they …

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World Bank advises Uganda to invest in early childhood education

Kampala, Uganda | THE INDEPENDENT  | The World Bank has advised the government to invest in early childhood education in order to give a firm foundation to toddlers at a time when they are developing cognitive and character skills. According to research conducted by the United Nations Educational, Scientific and …

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Trump calls on World Bank to stop lending to China

Washington, United States | AFP | US President Donald Trump lashed out at the World Bank on Friday, blaming the international financial institution for lending money to China. “Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they …

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Uganda ahead of Kenya, Tanzania in ease of paying taxes

Kampala, Uganda | THE INDEPENDENT  | Uganda has been ranked ahead of Tanzania and Kenya in the ease with which individuals and investors can file and pay their taxes. According to the Paying Taxes 2020 report by audit firm PricewaterhouseCoopers (PWC) and the World Bank, Uganda is at position 92nd out …

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Kitgum Municipal Council stuck with UGX 6 billion USMID cash

  Kampala, Uganda | THE INDEPENDENT | 6.2 billion shillings meant for infrastructural development under Uganda Support for Municipal Infrastructure Development [USMID] for Kitgum Municipality is lying idle on the council accounts. According to municipal officials, the funds were released in June for undertaking the first phase of the three …

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