London, UK | Xinhua | Arabs are losing faith in Western democracy to deliver economic stability across the Middle East and North Africa, the BBC reported on Sunday, citing a latest survey. More than half of the 23,000 people interviewed across the region by the Arab Barometer network agree with the …
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Kitgum, Uganda | THE INDEPENDENT | Kitgum Municipal Council has secured 30 scholarship slots for underprivileged youths. The selected beneficiaries will undergo rigorous training on skills development at the Acholi Industrial Hub in Gulu. The Acholi Industrial Hub is one of the 22 zonal hubs established countrywide through the Presidential Initiative …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called upon the Pprivate sector to support the Parish Development Model. Museveni made the remarks while speaking on Thursday during the second Bi-annual Presidential Chief Executive Officers Forum (PCF) which he hosted at his country home in Irenga, Ntungamo district. The …
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Kampala, Uganda | THE INDEPENDENT | The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the Bank, this average income by a Ugandan is far below the lower-middle-income threshold …
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Recession: Three economists give their views NEWS ANALYSIS | We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is weakening. The answer to higher prices is normally to raise interest rates, but this also induces people and firms …
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Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a bill into law on Tuesday legalizing “parallel imports” in the country in a bid to stabilize prices amid Western economic sanctions. The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, …
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Kampala, Uganda | THE INDEPENDENT | Civil Society Budget Advocacy Group has commended the government for putting together a pro-people 2022/23 budget, but has outlined areas that it wants prioritised so as to achieve tangible results. Speaking at a post-budget event held in Kampala on June 23, Julius Mukunda, …
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Juba, South Sudan | Xinhua | South Sudan on Tuesday launched a revised National Development Strategy (NDS) Plan for 2021-2024 aimed at consolidating peace gains and helping revive the war-battered economy. Riek Machar, the First Vice President who presided over the launch, said the plan is a guide for collective investments meant …
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Kampala, Uganda | THE INDEPENDENT | To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers. These …
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The Independent Uganda: You get the Truth we Pay the Price