Tag Archives: debt

A policy brief by 3 top economists warns continent is in the worst crisis in 80 years ANALYSIS | RONALD MUSOKE |  Africa has long struggled with a silent debt crisis, one that has exacerbated its vulnerability to climate shocks and constrained its economic potential. It is time to give voice …

Three important weaknesses that have impeded progress and way forward ANALYSIS | VERA SONGEWE & ISHAC DIWAN | The recent protests in Kenya reflect the frustrated aspirations of young people for higher-quality social services and better economic opportunities. It also highlights the difficulty – in Kenya, and across the developing …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is quite robust after weathering through several shocks in recent years, say top economists from the Africa Development Bank Group (AFDB). While there has been concern about the increase in domestic and foreign debts, economists suggest that the Ministry of Finance and the …

Kampala, Uganda | THE INDEPENDENT | Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into …

Addis Ababa, Ethiopia | THE INDEPENDENT | Dozens of finance and foreign ministers met this week in Ethiopia to call for radical action to reform the international financial architecture.   The reforms are required to enable international institutions to and channel trillions of dollars towards sustainable development in Africa and …

13 African countries are at high risk of debt distress and 6 are already in debt distress Addis Ababa, ETHIOPIA | THE INDEPENDENT | The African Development Bank has launched a new initiative to support and develop homegrown solutions to the debt challenges that countries on the continent are facing. Dubbed …

How reliance on misguided cultural and nationalistic sentiments are driving Uganda into a bad debt situation THE LAST WORD | Andrew M. Mwenda | Our country is headed directly into the storms of economic crisis. And it is unlikely it can pull itself back from the brink. This is because too much sentiment …

Kampala, Uganda | THE INDEPENDENT |  The government spending plans have fallen short by sh3.337 trillion in the first seven months of this financial year, as revenue mobilization continues to be a thorn in government operations. This failure to meet its spending targets, made it worse for project implementation, as …

Kampala, Uganda | THE INDEPENDENT | Amidst global calls on governments to increase funding for climate activities, Uganda is torn between allocating more of her resources to the cause and keeping the national debt levels in check. According to Uganda’s Nationally Determined Contributions as updated, in fulfilment of Article 4 of …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda admits limited options against the depreciation of the Shillings, as it stares at the dwindling foreign exchange (FX) reserves. The Uganda Shilling traded at 4,000 to a dollar for the first time at a bank, as the depreciation trend continues for the …