Islamabad, Pakistan | Xinhua | The Organization of Islamic Cooperation (OIC) has decided to establish a humanitarian trust fund, launch a food security program, and facilitate to unlock financial and banking channels for Afghanistan to help the Afghan people facing looming humanitarian crisis, Pakistani Foreign Minister Shah Mahmood Qureshi said on Sunday. …
Read More »Economists ask gov’t to attract externalized laborers to invest in fish value chain
Kampala, Uganda | THE INDEPENDENT | While labour externalization is on an increase in Uganda, experts have pointed out that the country lacks a return policy that supports them to be able to sustain themselves in the economy when they return home. Agnes Igoye, the Deputy National Coordinator, Prevention of Trafficking in …
Read More »Coronavirus: Experts call for cost-benefits analysis amid lockdowns
Kampala, Uganda | THE INDEPENDENT | There have been many concerns about getting people to recover from the mental stress caused by COVID-19 lockdowns as many authorities move to reopen their countries fully. However, other countries have reinstated some restrictions to battle new variants like Omicron, which according to some experts …
Read More »Uganda Development Bank goes big on sustainability agenda
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …
Read More »African bankers move to orient industry towards climate resilience
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …
Read More »Uganda loses UGX 20 Trillion annually to corruption – IG
Kampala, Uganda | THE INDEPENDENT | The Ugandan government loses 20 trillion Shillings every year through corruption, according to a survey conducted by the Inspectorate of Government. The Deputy Inspector General of Government (IGG) Anne Muheirwe Twinomugisha, says that the inspectorate, together with the German Society for International Co-operation, conducted a …
Read More »MPs task gov’t on comprehensive plan on industrialisation
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to come up with a comprehensive plan on industrialisation for the country. The followed presentatation of a ministerial policy statement by the Minister of State for Trade, David Bahati, on the commemoration of the Africa industrialisation Day and other matters …
Read More »Parliament approves UGX 3.8 trillion supplementary budget
Kampala, Uganda | THE INDEPENDENT | Parliament has passed a supplementary budget of 3.81 trillion Shillings, mostly for stimulating the economy hit by COVID-19 and security-related interventions. Of this, at least 1.3 trillion Shillings was already spent within the 3 per cent legal limit which the government can spend and seek …
Read More »Parliament tasks energy minister to explain increasing fuel prices
Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Anita Among has asked the Minister of Energy and Mineral Development to present a statement on Wednesday next week regarding the rising fuel prices. The pump price for petrol has in the last few weeks been increasing and is currently …
Read More »Pundits want government to announce dates for full reopening of the country
Kampala, Uganda | THE INDEPENDENT | The government of Uganda should consider announcing dates for reopening of all sectors of the economy to allow the people enjoy their social, economic, cultural and political rights, pundits have said. Speaking at the 6th virtual Town Hall COVID-19 meeting on Nov.15, held under the …
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