Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

Nairobi, Kenya | Xinhua | As the effects of climate change such as scarce rains and drought unfold in Kenya, the east African nation is warming up to alternative crops that were initially neglected to boost food security, with traditional staple crops facing increased threats. Maize and rice are among Kenyan …

Kampala, Uganda | THE INDEPENDENT | Uganda is expected to produce oil and gas by the end of 2025. While it is hoped oil and gas will be a game-changer for the economy, some say it may be a risky bet by countries like Uganda that are about to extract their …

Government should strengthen laws against cybercrime and include recovery as part of the legal process Kampala, Uganda | THE INDEPENDENT | The financial sector players and the Directorate of Public Prosecutions want the government to strengthen the laws against cybercrime and other economic offences to include recovery as part of the …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda on Monday said that the provisional data shows the country’s public debts as of end of April 2021 stood at 66.1 trillion shillings (18.9 billion U.S. dollars), up 15.1 percent from June 2020. The Bank of Uganda, in the state of economy …

  Valletta, Malta | Xinhua | Global oil demand is rising following an accelerated vaccination campaign and an economic recovery, pushing oil prices to two-and-a-half-year highs amid an output deficit. Although an agreement for more output reached among the Organization of the Petroleum Exporting Countries (OPEC) and its allies on July …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Monday downplayed inflation fears as lawmakers will vote later this week to begin debate on the bipartisan infrastructure bill. “Our experts believe and the data shows that most of the price increases we’ve seen were expected and are expected to be …

  Johannesburg, South Africa | Xinhua | The looting of shops, burning of trucks, and destruction of property in South Africa following the jailing of former South African President Jacob Zuma could discourage potential investors from investing in the country and worsen food insecurity, experts have warned. “The Minerals Council South …

COMMENT | Moses Mugerwa | It’s no secret that the ride-hailing industry has become a vital part of our daily lives for many people with different needs for getting around. The fourth industrial revolution is rapidly shaping the transportation sector in Uganda as cities become overly crowded with traffic, small businesses, …

Kampala, Uganda | THE INDEPENDENT | The government has released funds for the first quarter of the financial year 2021/22, with focus on the health sector and the fight against Covid-19. The release amounting to 5.673 Trillion Shillings represents 25% of the approved government budget minus external financing, appropriation in aid …