Tag Archives: economy

Markets are witnessing an economic stagnation under lack of purchasing power and unprecedented hike in the prices of basic commodities Khartoum, Sudan | Xinhua | Concerns are growing that the economy in Sudan would further deteriorate amid the continued decline of the national currency Sudanese pound, the unprecedented rising prices of …

Russia accounted for more than 40 percent of natural gas and 30 percent of crude oil imported by the EU in 2019 Brussels, Belgium | Xinhua | Oil prices in Europe have been surging since the start of the conflict in Ukraine amid fears that the European Union (EU) may ban …

Kampala, Uganda | THE INDEPENDENT | Religious and cultural leaders in the Acholi sub region have asked the government to review the Parish Development Model program. The program is aimed at increasing household incomes and improving the quality of life of Ugandans with a specific focus on total transformation of the subsistence …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 …

New York, U.S. | Xinhua | Almost three-quarters of Americans said they’re unhappy with U.S. President Joe Biden’s handling of inflation, which is now widely considered the country’s top priority for voters, reported Newsweek on Monday, citing an ABC News/Ipsos poll. A record high of 70 percent of the general public …

COMMENT | Samson Tinka | I knew something has changed when my wife received a call from our supplier of baking items on the morning of March 9, 2022 announcing a 15% price increase. Just 12 months ago, the cost of sugar, baking flour and prestige margarine which are the …

Over 400,000 youths enter the labour force to compete for 9,000 jobs annually Kampala, Uganda | THE INDEPENDENT | Cash crop production, light manufacturing, construction, agro-processing, wholesale and retail trade, financial services, insurance, transport and tourism, have been identified as key sectors that need intentional support to create large scale job opportunities …

Frankfurt, Germany | Xinhua | The European Central Bank (ECB) unveiled on Thursday a roadmap to wind down stimulus policies and possibly raise interest rates later in 2022. The decision to taper and possibly reverse a years-long policy of negative interest rates came at a time when inflation in the euro …

Washington, U.S. | Xinhua | The military conflict between Russia and Ukraine “has the champagne corks quietly popping in the Pentagon, on K Street, in the defense industry, and throughout the halls of Congress,” wrote Franklin C. Spinney, a former military analyst for the Pentagon, in a recent commentary. “Taxpayers are …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Wednesday signed an executive order calling on the whole government to examine the risks and benefits of cryptocurrencies, placing great urgency on the research and development of a possible digital U.S. dollar. “Digital assets, including cryptocurrencies, have seen explosive growth in …