Tag Archives: World Bank

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy reportedly loses billions of dollars annually due to reduced productivity, according to various reports. A major contributor to this loss is traffic congestion. A World Bank report estimates that at least US$800 million—equivalent to nearly 3 trillion Ugandan Shillings—is lost each year as commuters …

Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …

Kampala, Uganda | THE INDEPENDENT | Districts across Uganda are struggling to scale up the uptake of the micro-scale irrigation programme as the deadline for absorbing the World Bank-funded grant approaches. Implemented under the Uganda Intergovernmental Fiscal Transfer (UgIFT) programme, the micro-scale irrigation initiative supports farmers with up to 2.5 acres …

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

Hoima, Uganda | THE INDEPENDENT | The Ministry of Lands, Housing and Urban Development is set to avail 10,000 land titles to Hoima residents at a reduced cost to combat the escalating land-grabbing cases in the district. The project that is funded by the World Bank will benefit residents in …

KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Education and Sports is set to receive a major financial boost worth US$324.8 million (approx. 1.19 trillion shillings) under the Uganda Learning Acceleration Program- ULEARN Project, following renewed support from the Global Partnership for Education (GPE) and the World Bank. The …

But the economy is expected to rebound in the subsequent year if oil exports resume, offering a potential path to recovery. Juba, South Sudan | THE INDEPENDENT | Oil rich South Sudan’s economy is projected to contract by 30% in the Financial Year 2024/25 that ends in June due to disruptions …

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the State Minister for Finance, Planning and Economic Development says the country has now fully overcome the effects of the global and local shocks to the economy that happened over the last three to four years and is now on its desired …

Currently, close to 600 million Africans lack electricity, a critical resource for economic development ANALYSIS | RONALD MUSOKE | The World Bank and the African Development Bank (AfDB) have pledged US$50 billion to provide electricity access to nearly 300 million Africans over the next five years, through an initiative known as “Mission …

Billions of taxpayer dollars invested in for-profit facilities from Africa to Asia were supposed to improve access to healthcare. But stories of abuses have piled up ANALYSIS | GAVIN FINCH, KENDALL TAGGART & DAVID KOCIENIEWSKI | The 1-year-old was with her pregnant mother at a maternity clinic when the convulsing started. A …