Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | Fuel prices in Kampala have hit a new high, with a litre of petrol going for as high as 4,450 Shillings while diesel was quoted at 3,999 Shillings at some stations on Monday. This is an increase by an average of 300 Shillings over the …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage points from July’s forecast, according to the latest World Economic Outlook. “The global recovery continues but momentum has weakened, hobbled by the pandemic,” …

United Nations | Xinhua | UN Secretary-General Antonio Guterres on Monday highlighted three areas for immediate action to launch a recovery from COVID-19 that benefits all, including the most fragile states. First, he called for measures to mitigate the debt crisis in many countries. While investments must be scaled up and …

  London, UK |  Xinhua |  British Prime Minister Boris Johnson on Wednesday vowed to change the direction of the British economy, shifting away from its reliance on cheap imported labor, as he shrugged off the ongoing fuel, food and industry crises as “merely a function of growth and economic …

Nairobi, Kenya | Xinhua | Sub-Saharan Africa’s economy is expected to expand by 3.3 percent in 2021 after a contraction of 2 percent in 2020, the World Bank said on Wednesday. According to analysis in the Pulse, the World Bank’s twice-yearly economic update for the region, the economic recovery will …

Kampala, Uganda | THE INDEPENDENT | How does it matter that the tax on an individual’s contributions to the National Social Security Fund is deferred to the time of withdrawal of the benefits, as had earlier been proposed by the NSSF? The media reports that the government plans to tax the …

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda (PSFU) has called on Parliament to align national policies to the National Planning Framework that is premised on the Vision 2040, annual budget and Ministerial Policy statements. According to the PSFU Executive Director Francis Kisirinya, the business community invests based on …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Uganda’s Shadow State: Revealing the networks of people with power THE LAST WORD Is Uganda’s economy failing?: Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our …