Tag Archives: economy

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on East African Community Affairs has tasked the finance ministry to prioritise funding for the Ministry of East African Community Affairs. Committee members say low budget allocation to the ministry has affected its capacity to discharge its key activities on national and regional level. …

Nairobi, Kenya | Xinhua | The World Bank on Wednesday projected the economy in Sub-Saharan Africa to slow down to 3.6 percent in 2022 from 4 percent in 2021. The World Bank said the region’s economy is struggling to pick up momentum amid a slowdown in global economic activity, continued supply …

Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …

Vladivostok, Russia | Xinhua | Russian President Vladimir Putin said Tuesday at a joint press conference that it was important to deepen integration between Russia and Belarus in the face of all-out Western sanctions. Putin and Belarusian President Alexander Lukashenko hosted the joint press conference at the Vostochny Cosmodrome in Russia’s …

The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER Winners in the war in Ukraine: What Uganda is missing THE LAST WORD A frank memo to our wannabes: Why Oulanyah’s evacuation to Seattle was not a waste of taxpayers’ money COMMENT The implosion …

Tehran, Iran | Xinhua | Iranian President Ebrahim Raisi said Thursday that his country has not withdrawn from the negotiation table in Vienna and will continue the talks on the restoration of the 2015 nuclear deal. “Negotiations are pursued with vigor and dignity, and we have not left the negotiating table,” …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda insists its not yet safe enough for the banking industry to start paying dividends to their shareholders, two years since this was suspended. Following the outbreak of COVID-19 in 2020, the banking industry was given guidelines to survive the pandemic, and …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has donated Shs70million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge volunteerism, in their various professional backgrounds, officials said on March 30. Cathy Adengo, the Stanbic Bank Head of Sustainability, …