Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has said that the continued curfew restriction has an impact on the country’s economy especially the tourism industry. Kadaga reiterated her previous calls for the government to review the situation saying that the country’s tourism sector is under threat …

Kampala, Uganda | THE INDEPENDENT | The insurance industry is adjusting its operational and business modules to cater for the new challenges facing the industry, the economy and social life, after unprecedented developments like COVID-19 over the last one year. The industry says this is a response to concerns that losses …

Nairobi, Kenya | Xinhua | Sub-Saharan African economies are projected to grow between 2.3 and 3.4 percent in 2021 depending on the policy measures adopted by countries in the region and the international community, the World Bank said in a report released on Wednesday. According to Africa’s Pulse report, the growth …

Washington, U.S. | Xinhua | The 1.9 trillion U.S. dollar stimulus U.S. President Joe Biden signed into law recently is expected to trigger a robust economic rebound, but some inflation may be on the horizon, economists said. This comes a year after the U.S. economy took a nosedive off a cliff …

Kampala, Uganda | THE INDEPENDENT | The growth of Uganda’s economy in the short term is threatened by the effects of the COVID-19 pandemic, the hovering threat of the desert locusts in the region as well as uncertain weather conditions. The Bank of Uganda expects the economy to grow by at …

Businesses and consumers that went digital helped mitigate the economic downturn caused by the pandemic Kampala, Uganda | THE INDEPENDENT | Amid slowing economic activity, Covid-19 led to a surge in e-commerce and accelerated digital transformation. As lockdowns became the new normal, businesses and consumers increasingly went digital, providing and purchasing …

Kampala, Uganda | Julius Businge | Any effort geared towards supporting businesses is highly needed at this time for the economy to fast recover from the COVID-19 crisis. A group of civil society organisations under their umbrella body, Civil Society Budget Advocacy Group (CSBAG) has listed challenges women face in business …

Kenya last year banned dairy imports from Uganda citing complaints by Kenyan farmers over the influx of Ugandan milk which was being priced lower than the one produced in their home country Kampala, Uganda | Julius Businge | Traders and civil society organisations in Uganda are urging the government of Kenya …

Biden’s massive stimulus could set off inflationary pressures of a kind not seen in a generation Washington, U.S. | Xinhua | Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of …

Kampala, Uganda | THE INDEPENDENT | Auditor General John Muwanga says that Uganda’s high cost of borrowing may deny future generations the opportunity to sustainably borrow. This is carried in his findings on the public debt in the financial year 2019/2020 audit report that he presented to Speaker Rebecca Kadaga on …