Tag Archives: economy

SPECIAL FEATURE | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …

Johannesburg, South Africa | Xinhua | South Africa continues to look to BRICS for promoting industrialization, increasing trade and investment, growing the economy and reducing unemployment, said a senior government official Thursday. “South Africa’s trade with other BRICS countries is significant; this is particularly the case with China,” said Ebrahim Patel, minister …

Why a lot of surmons about economic transformation are a mixture of oversimplification and moralising THE LAST WORD | Andrew M. Mwenda | Kishore Mahbubani is a distinguished diplomat from Singapore and twice served as that country’s permanent representative to the United Nations. And he is also a brilliant intellectual and author. His …

There are still many areas of the county that are underserved when it comes to broadband internet access Kampala, Uganda | THE INDEPENDENT | The government is seeking to get a USD 500 million loan to cater for investment into the expansion of internet broadband. This program will involve extending the national …

Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …

Moscow, Russia | Xinhua | The Russian economy has withstood Western sanctions and performed “much stronger than the West believed,” President Vladimir Putin said on Tuesday. “We have ensured the stability of the economic situation, protected citizens, saved jobs, prevented market shortages, including essential goods, and supported the financial system and …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has advised Ugandans living in the United States of America (USA) and the United Kingdom (UK) to utilize the available opportunities to invest in Uganda. According to Museveni, Uganda is a secure country whose economy is growing stronger day by day and its …

Kampala, Uganda | THE INDEPENDENT | The Minister for Finance, Planning, and Economic Development Matia Kasaija has asked governments, financial and development organizations to allocate financial resources towards climate change mitigation. According to Kasaija, climate change is the biggest single challenge to not just the environment and human life, but the …

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …