COVER STORY | For a decade, President Yoweri Museveni has promised, and repeatedly proclaimed, Uganda’s arrival in the lower-middle-income club. The World Bank keeps saying not yet. Behind the numbers lies a deeper contest over growth, population, political legacy and who gets to define Uganda’s economic progress, reports Ronald …
Read More »World Bank calls for reforms to unlock construction jobs in Uganda
Kampala, Uganda | URN | Uganda’s construction sector is being held back by weak regulation, inadequate political commitment, a shortage of skilled labour and bureaucratic procurement processes, limiting its ability to create jobs and drive economic growth. Although the sector contributes between 12 and 17 per cent of the country’s …
Read More »World Bank cautions Uganda on fiscal management
Kampala, Uganda | URN | ”Currently 33 percent of every shilling invested in infrastructure is lost in poor planning, project delays and weak maintenance.” -World Bank Director for Uganda, Kenya, Rwanda and Somalia, Qimiao Fan. The World Bank has said Uganda needs to triple the current allocation for human capital …
Read More »World Bank to more than double loan stock to Uganda
Kampala, Uganda | URN | The World Bank Group intends to lend Uganda some 2 billion dollars (7.5 trillion shillings) in each of the three cycles over the next 10 years, according to the Bank’s new Country Partnership Framework CPF). This adds to the existing 4.05 billion dollars (15.26 trillion …
Read More »Contrast between Uganda’s growth and people’s poverty worries World Bank
Kampala, Uganda | URN | The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods. Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to translate the growth of …
Read More »Uganda engages World Bank, IMF on development policy
Kampala, Uganda | URN | The Uganda delegation in Washington D.C for the WB/IMF Spring meetings 2026 has met with the World Bank team to discuss the Development Policy Operation (DPO) to support Uganda’s socio-economic transformation agenda through the Tenfold growth strategy. A press statement issued by the Ministry said …
Read More »Uganda secures Shs2.1 trillion boost for urban infrastructure, jobs
Kampala, Uganda | URN |The Government of Uganda, in partnership with the World Bank, is set to begin implementing the 2.1 trillion shillings Urban, Cities and Municipalities Infrastructure Development (UCMID) Programme in the next financial year. The UCMID programme, which will run from 2026/2027 to 2030/2031, is a successor to …
Read More »Uganda gets $540 million funding for cities, municipalities
Kampala, Uganda | URN | Uganda has secured over 2.1 trillion Shillings (USD 540 million ) funding from the World Bank to improve the management of cities and municipalities. The initiative aims to improve urban management, expand climate-smart infrastructure, and create jobs for both residents and refugees in ten cities, 26 municipalities, …
Read More »World Bank pledges financial support for Uganda’s SGR project
KAMPALA, UGANDA | Xinhua | The World Bank will financially support Uganda in the construction of the Standard Gauge Railway (SGR), a senior official of the global financial institution has said. According to a State House statement issued Wednesday, Fan Qimiao, World Bank division director for Kenya, Rwanda, Somalia, and …
Read More »The story behind the PwC debarment
Kampala, Uganda | URN | The World Bank and its partners have banned three PricewaterhouseCoopers (PwC) subsidiaries in Africa from their projects for 21 months over corruption charges admitted by the firms. The trouble for PwC Associates Africa Ltd based in Mauritius, PwC Limited Kenya, and PwC Rwanda Limited …
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The Independent Uganda: You get the Truth we Pay the Price