Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act, and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to …
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Dar es Salaam, Tanzania | Xinhua | The 25th Ordinary meeting of the East African Community (EAC) monetary affairs committee has said growth in the region recovered in 2021 to an average of 4.2 percent, the EAC said in a communique late on Friday. The communique released at the end of …
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BoU says 2022 economic outlook is more positive than earlier projected Kampala, Uganda | JULIUS BUSINGE | There is good news from Bank of Uganda indicating a big rebound in economic growth in 2021, meaning Ugandans got more money in their pockets to buy goods and services. In its monetary …
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But logistics industry executives see moderate-to-strong economic growth and little or no chance of recession in 2022 Kampala, Uganda | THE INDEPENDENT | Uganda is the least attractive economy to logistics providers, freight forwarders, air and ocean carriers, distributors and investors of the three main economies in the East African …
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Nairobi, Kenya | Xinhua | East Africa’s economic growth is projected to rise to 4.1 percent in 2021, up from 0.4 percent in 2020, the African Development Bank (AfDB) said on Thursday. According to the East Africa Regional Economic Outlook 2021, the economic performance will be boosted by the ongoing global …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has revised its growth projections for this financial year. BoU says that all high-frequency indicators available show that the momentum of economic activity for the quarter to July 2021, subsided. The tourism sector was expected to grow much faster when Entebbe …
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How rapid economic growth and improving quality of life are causing mass discontent THE LAST WORD | ANDREW M. MWENDA | There is widespread anger especially among the youths in Uganda’s urban areas, but most pronounced in Kampala. Very many commentators on current affairs think this is a result of …
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Kampala, Uganda | THE INDEPENDENT | The poor state of roads in Buhesi sub county in Bunyagabu district is holding back economic growth of the area and hampering access to social services. Buhesi sub county is known for growing matooke, cassava and onions among other crops. However, one of the …
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Kampala, Uganda | THE INDEPENDENT | Candidates vying for different parliamentary seats in Jinja city have pledged to fight for the financial independence of the electorate. The candidates note that Jinja has a lot of unexploited opportunities in the tourism sector which if explored can reduce on the levels of unemployment …
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Why government must support the banking sector to keep credit flowing to stimulate economic growth COMMENT | SIMON MUTUNGI | Following the 2008 Global Financial Crisis, many banks collapsed worldwide while others had to plow through public funds in the form of government bailouts in order to survive. To …
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The Independent Uganda: You get the Truth we Pay the Price