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 …
Read More »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 …
Read More »Ggoobi: A messy Uganda won’t achieve $500 billion economy target
Kampala, Uganda | THE INDEPENDENT | Uganda has the ability to grow the size of its economy 10 times in the next 15 years, but things have to be done differently, including clearing the mess that characterizes all corners, according to Ramathan Ggoobi, the Permanent Secretary at the Ministry of …
Read More »IMF approves $367 million to help Ghana deepen economic reforms
ACCRA | Xinhua | The executive board of the International Monetary Fund (IMF) has approved the fourth review of Ghana’s reforms, paving the way for the immediate release of 367 million U.S. dollars to deepen recovery, according to an IMF press release on Monday. The new approval brings Ghana’s total …
Read More »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 …
Read More »Ggoobi says budget success will depend on discipline and consensus
Secretary to Treasury Ggoobi tips on building USD 500b 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 things that must be …
Read More »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 …
Read More »MUSEVENI: Uganda’s economy to double to $150 billion
Kampala, Uganda | THE INDEPENDENT & URN | President Yoweri Museveni has assured Ugandans that the country is now unstoppable in terms of economic growth and socioeconomic transformation and will in the next five years be a 500 billion dollar economy. “What I have said in this long speech is …
Read More »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 …
Read More »Uganda’s economic stakes in Kenya’s growing ties with China
Beyond physical infrastructure, Ruto’s engagement with China may also touch on trade facilitation and regional value chains. Uganda and Kenya share an interest in expanding their agricultural exports, a sector in which China has increasingly shown interest as it seeks food security partnerships abroad. COMMENT | Stephen Ndegwa | Kenya …
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