Tag Archives: economy

President Yoweri Museveni has set a “business unusual” tone for his new cabinet as he laid out plans on Thursday to ensure Uganda gets to Middle-Income Status Country by 2020. Museveni’s speech at cabinet’s first meeting was titled “strategic objectives and guidelines for the 2016-2021 term” and outlined radical measures …

World Bank shows the way for Uganda to get more from every shilling it invests The World Bank (WB) on June 6 unveiled its 7th Economic Update on Uganda at a ceremony in Kampala. The update, which is a bi-annual assessment of the state of the country’s economy, analyses the …

Is Museveni serious this time? The government is planning to increase public spending in the next financial year but some experts say it is punching above its weight. This could be true since the country is getting low returns on its large infrastructure projects. Since winning his fifth five-year term, …

Why good leadership at a national level is not enough to make a country successful economically THE LAST WORD: Let us do a thought experiment. It is often said that the problem of Africa is poor leadership: if our continent had leaders dedicated to serving their people rather than lining …

Abuja, Nigeria | AFP | Nigeria signalled Wednesday it will ease currency controls, opening the door to a plunge in the value of the naira, after the restrictions were blamed for stifling the economy. Central Bank of Nigeria (CBN) governor Godwin Emefiele said in a televised speech from Abuja that …

It has almost become a norm that for every State of the Nation address, President Yoweri Museveni has to lament about the fact that Uganda imports far much more than it exports. This year’s address was no different. He lamented how Uganda had become a ‘supermarket’ economy, importing all sorts …

President Yoweri Museveni is in Luanda, Angola for the 6th Ordinary Heads of State and Government Summit of The International Conference on the Great Lakes Region (ICGLR). The Summit is being held under the theme “Accelerating the effective implementation of the Pact and its Protocols for a more democratic and stable …

NBS: Farmers have criticized the budget read this afternoon by Finance Minister designate Matia Kashija. Whereas allocation to the sector has more than doubled, a group of farmers watching the parliamentary proceedings live on television at Hotel Africana in Kampala are bitter.   Share on: WhatsApp

LIVE UPDATES from the Uganda Budget speech. BOTTOM, the FULL National Budget Framework Paper. *National Budget Framework Paper (NBFP) FY 2016-17 (Source Parliament Watch) *Report of the committee on Budget on the National Budget Framework Paper (Source Parliament Watch) *Motion on the Budget 2016/17 (Source Parliament Watch) Approved Budget 2015/16 …

Washington, United States | AFP | Just one percent of the world’s population can call themselves millionaires or richer. But together they hold almost half the world’s wealth, and their share is growing, according to a new study released Tuesday. Some 18.5 million households around the world have at least …