Kampala, Uganda | THE INDEPENDENT | Uganda has surpassed the middle-income status threshold and is only awaiting a declaration, according to President Yoweri Museveni. In his State of the Nation Address on Tuesday, Museveni said that the economy has now grown to US$ 45.7 billion, which is slightly above the population …
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Moscow, Russia | Xinhua | Russian President Vladimir Putin said Monday that the 2020s would be a time for his country to strengthen its economic sovereignty. Russia will speed up the development of infrastructure and key technology and establish an independent and efficient financial system, Putin said in a message to …
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Rome, Italy | Xinhua | The decision by the European Union (EU) earlier this week to ban 90 percent of oil imports from Russia by the end of the year is aimed at crimping the Russian economy amid the high-profile crisis in Ukraine. But the move, part of a wider array …
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Kampala, Uganda | Julius Businge | Kansai Paint Co., Ltd. (“Kansai Paint”) has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company, it said on June 2 in a statement. The sale is subject to the regulatory approvals of the …
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Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Col. Besigye’s protests: Will they ever achieve change? THE LAST WORD Uganda’s Prisoners’ Dilemma: Why public investments and appointments are economically inefficient in multi ethnic societies ANALYSIS America snubs Museveni again: Crackdown on …
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Kampala, Uganda | THE INDEPENDENT | Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that has allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is projected to grow at six per cent in the next financial year 2022/2023, according to the Minister of State for Finance in charge of General Duties, Henry Musasizi. Musasizi who was on Wednesday, 25 May 2022 appearing before the Committee on National …
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Davos, Switzerland | Xinhua | The International Monetary Fund (IMF) on Tuesday warned of further headwinds for the global economy and spiralling inflation around the world due to the conflict in Ukraine, while voicing that China will remain an engine of growth after the “near-term headwinds”. “We are seeing additional weaknesses …
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Moscow, Russia | Xinhua | The Russian economy is withstanding the blow of Western sanctions “quite well” despite all the difficulties, as was evidenced by all the key macroeconomic indicators, President Vladimir Putin said Monday. Putin made the remarks during talks with visiting Belarusian President Alexander Lukashenko in Russia’s Black Sea …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s Sunday evening address to the nation was largely aimed at responding to the escalating prices of essential commodities, or at least that is what most Ugandans expected. His explanations of the situation drew criticism, as many Ugandans thought he was blaming the …
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The Independent Uganda: You get the Truth we Pay the Price