And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …
Read More »COMMENT: Making the most of emerging economies
Some have managed their debt levels, increased productivity, improved infrastructure, and reformed COMMENT | BERTRAND BADRE | Once again, the world’s emerging economies are facing a bout of uncertainty. Argentina, South Africa, and Turkey are among those generating the most concern, owing to a combination of questionable monetary policies and currency …
Read More »COMMENT: The emerging high achievers
A look at 18 countries making the “secret sauce” that enables more stable and robust economic growth COMMENT | ANU MADGAVKAR & JEONGMIN SEONG | Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving …
Read More »IMF warns of ‘somewhat’ greater global financial risk
New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …
Read More »US-China trade war sparks IMF global growth cut warning
Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …
Read More »Mutebile’s fourth lecture defines way for growth
Focus on tourism, ICT, horticulture, incentives to create jobs, grow economy Kampala, Uganda | JULIUS BUSINGE | Tourism, agriculture, Information and Communication Technology, horticulture, transit trade and logistics are key sectors that countries yearning for development should focus on. This was the take away from the just concluded 4th Governor Mutebile’s …
Read More »Tackling economic growth bottlenecks
National Planning Authority boss outlines weaknesses in Uganda’s development agenda, shares solutions Kampala, Uganda | JULIUS BUSINGE | Kisamba Mugerwa, the chairperson of National Planning Authority (NPA), is a well-known speaker on matters Uganda’s journey to the middle income status. It was the same on July 18 as he delivered a …
Read More »COMMENT: The economic cost of corruption in Kenya
The theft jeopardises the country’s short-term skills provision objectives and causes irredeemable long-term opportunity costs COMMENT | ODONGO KODONGO | Kenya is perceived as one of the world’s most corrupt countries. It ranked 143 out of 180 countries on Transparency International’s 2017 corruption perception index. The only African countries that scored …
Read More »Museveni leadership of economy
THE LAST WORD: How the president’s successful economic stewardship is now in the past with little direction on the future THE LAST WORD | Andrew M. Mwenda | President Yoweri Museveni has been named 12th among 24 leaders globally whose individual contribution has had a significant positive impact on their …
Read More »France revises growth upwards in boost for Macron
Paris, France | AFP | France’s economy grew 2.2 percent in 2017, according to revised figures published Tuesday — good news for President Emmanuel Macron as he pursues ambitious reforms designed to make the country more competitive. National statistics office INSEE revised its growth for last year up from 2.0 …
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