Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The financial sector forecast is that the full effect of the Covid-19 pandemic will be realized in the next two years when investments and projects that were started earlier were supposed to have started yielding returns. The real bad effect of the pandemic has not …

Kampala, Uganda | THE INDEPENDENT | The World Bank spells a gloomy picture of Uganda’s economy this year, urging the government to mind its spending plans and increase the domestic revenue mobilization. The 16th Uganda Economic Update shows that Uganda’s economy will contract by 1 percent in the calendar year 2020, …

New York, US | Xinhua | The almost year-long COVID-19 pandemic is transforming the investment landscape, with multiple long-term trends picking up speed. And the world is set to become more digitalized, automated and sustainability-sensitive as life style and economy undergo profound changes, according to experts and investment advisors. DIGITALIZATION DEEPENS …

Kampala, Uganda | THE INDEPENDENT | Independent presidential candidate, Nancy Linda Kalembe has promised a post-Covid-19 recovery plan when elected president. Following the COVID-19 pandemic, many parts of the world including Uganda were in a lockdown which affected the economy. Kalembe’s plan entails empowering community businesses, farming, job creation, land security …

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation is concerned that the policies that the government is putting in place are likely to worsen the effects of the Covid 19 pandemic on the economic and social situations in the country. The Private Sector Foundation Uganda Chairman, Elly Karuhanga says …

Kampala, Uganda | THE INDEPENDENT | Online traders in Uganda risk losing the market or even discourage online shopping all together over persistent failure to fulfill the expectations of the online customers, according to trade and digital innovation experts. The growth of online business has picked up pace during the lockdown …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …

    Kampala, Uganda | Xinhua | Uganda’s economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed Wednesday. The monthly performance report for October showed that for the fourth consecutive month, the Purchasing Managers’ Index (PMI) has …

New York, US | Xinhua | Wall Street’s major averages posted mixed results in the week as investors digested news on a coronavirus vaccine candidate, while continuing to show concerns over soaring U.S. COVID-19 infections. For the week ending Friday, the Dow climbed 4.1 percent, the S&P 500 gained 2.2 percent, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Local Government Association (ULGA) wants the government to put in place a local revenue policy to harmonize challenges faced by local governments in local revenue collection and management. Speaking at a local government leader’s breakfast meeting organized by Action Aid Uganda on Friday, …