Tag Archives: economy

Dakar, Senegal | Xinhua | The World Bank has granted Senegal 91 billion CFA francs (about 151.4 million U.S. dollars) in financing to implement a project to accelerate the country’s digital economy. The financing agreement was signed Thursday in Dakar, the capital of Senegal, by Mamadou Moustapha Ba, minister of finance …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …

The national budget’s purpose should be to use fiscal policy to protect the least well-off from disruptive blows COMMENT | Robert Skidelsky | In 1969, the British financial journalist Samuel Brittan published a book called `Steering the Economy: The Role of the Treasury’. At the time, it was still widely assumed that …

SPECIAL FEATURE | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …

Johannesburg, South Africa | Xinhua | South Africa continues to look to BRICS for promoting industrialization, increasing trade and investment, growing the economy and reducing unemployment, said a senior government official Thursday. “South Africa’s trade with other BRICS countries is significant; this is particularly the case with China,” said Ebrahim Patel, minister …

Why a lot of surmons about economic transformation are a mixture of oversimplification and moralising THE LAST WORD | Andrew M. Mwenda | Kishore Mahbubani is a distinguished diplomat from Singapore and twice served as that country’s permanent representative to the United Nations. And he is also a brilliant intellectual and author. His …

There are still many areas of the county that are underserved when it comes to broadband internet access Kampala, Uganda | THE INDEPENDENT | The government is seeking to get a USD 500 million loan to cater for investment into the expansion of internet broadband. This program will involve extending the national …

Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …

Moscow, Russia | Xinhua | The Russian economy has withstood Western sanctions and performed “much stronger than the West believed,” President Vladimir Putin said on Tuesday. “We have ensured the stability of the economic situation, protected citizens, saved jobs, prevented market shortages, including essential goods, and supported the financial system and …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …