Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Uganda economy is projected to grow by 3.1 percent this financial year, according to the Ministry of Finance, Planning and Economic Development. Before the outbreak of COVID-19, the government had projected the economy to grow by 6.3 percent, but this was disrupted when Uganda and …

✅ Population 1.41178 billion, up by 5.38% ✅ Annual growth rate of 0.53% ✅ Urban residents up to 63.89% ✅ Gender ratio falls to 105.07 ✅ People aged 60 or above 18.7% ✅ Average age of the Chinese 38.8yrs ✅ working-age 16-59, 880 million China has maintained population growth over …

Kampala, Uganda | THE INDEPENDENT | The government has drawn a plan that it hopes will increase the level of industrialization to 31.7% of the value of the Ugandan economy (GDP) in the next 10 years up from the current 27% recorded in 2018/2019. The new National Industrial Plan, it is hoped …

Ugandan private companies post successive rise in business activity during March ✳ Key findings ➡ Rising new orders support further output growth ➡ Firms optimistic of further increases in coming months ➡ Higher purchase prices recorded Kampala, Uganda | THE INDEPENDENT | There are signs that the Ugandan economy is gradually …

Beijing, China | Xinhua | Global trade frictions were severe last year due to the COVID-19 pandemic and also the consequent economic decline, said a report from China’s trade promotion body. The global economic and trade measures index, introduced by the China Council for the Promotion of International Trade, was on …

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 …