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Tag Archives: economy

Glovo invests Shs 33b in Uganda’s economy

The country emerges as Glovo’s greenest market, fusing rapid digital growth with sustainable mobility Kampala, Uganda | JULIUS BUSINGE | Glovo, the Spain-headquartered multi-category delivery platform, has marked its fifth anniversary in Uganda with the opening of a new office in Kampala, signalling a Shs 33 billion investment that is reshaping …

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Uganda’s economy shows resilience amid global challenges

KAMPALA, UGANDA | Xinhua | Uganda’s economy remains robust, posting sustained growth despite global uncertainties such as trade tensions and international conflicts, the Ministry of Finance, Planning and Economic Development said in a report released Tuesday. According to the report on the state of the economy, growth in the first …

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PS Ggoobi: Not a free ride to $500 billion economy

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance Permanent Secretary and Secretary to Treasury, Ramathan Ggoobi, has said that the journey to build a USD 500 billion economy by 2040 will come with several challenges and that things that must be done in the right way. The strategy …

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KASAIJA: Uganda’s economy has taken off

How the Uganda budget resource for FY2025/26 are allocated 1⃣ Wages & Salaries – Shs 8.57 trillion 2⃣ Non-Wage Recurrent Expenditure—Shs 28.33 trillion (includes operations, wealth creation funds, science & tech, education & health grants, medicines, infrastructure maintenance, and interest payments) 3⃣ Development Expenditure – Shs 18.24 trillion 4⃣ Domestic …

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The turbulence in the global economy

In its latest economic outlook, the IMF sees only the storms in the Western skies rather than the calm in the East COMMENT | VIJAY PRASHAD | On 22 April 2025, the International Monetary Fund (IMF) released its annual World Economic Outlook report, which has a quiet but decisive subtitle: A …

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