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 …
Read More »South Sudan to face economic, humanitarian crises amid aid cuts
JUBA | Xinhua | South Sudan is set to face profound economic and humanitarian challenges due to dwindling donor assistance and humanitarian funding, according to two new reports released by the World Bank on Thursday. “Official development assistance coming from other countries into South Sudan in 2025 was half the …
Read More »Uganda bets on agro-industry and fiscal discipline to expand growth
The World Bank projects that poverty will keep falling through 2026 and 2027, extending a trend that resumed as growth picked up Kampala, Uganda | THE INDEPENDENT | Uganda is positioning itself for another phase of strong economic expansion as policymakers seek to lock in recent gains while tightening …
Read More »World Bank to provide over $2 bln in renewed dev’t financing to Uganda
KAMPALA, UGANDA | Xinhua | Uganda will receive more than two billion U.S. dollars in new concessional financing from the World Bank over the next three financial years to support the East African country’s development agenda, a senior government official said Tuesday. Ramathan Ggoobi, permanent secretary and secretary to the …
Read More »Barriers endure in African digital trade, say WTO, World Bank
E-transactions regulations typically require secondary legislation setting out the government bodies or private entities that can issue digital signatures, the report explains NEWS ANALYSIS | JENNY MESSENGER | The results of a digital trade initiative in Africa show the continent has made progress, but barriers to paperless trade persist, according …
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