Tag Archives: GDP

  World Bank report says climate shocks could cut GDP growth by up to 3.1% unless urgent adaptation measures are taken COVER STORY | RONALD MUSOKE | Uganda has set its economic development ambitions quite high. The country’s Vision 2040 blueprint lays out a bold goal: becoming an upper middle-income country …

WASHINGTON, the United States | Xinhua | America’s gross federal debt has surged past 37 trillion U.S. dollars, a milestone reached earlier this month and five years sooner than pre-pandemic forecasts. Washington is now adding roughly 1 trillion dollars every five months, swelling a debt snowball that already costs nearly …

Kampala, Uganda | THE INDEPENDENT | The insurance industry wants insurance to be used as a tool to fight poverty amongst Ugandans, and not a luxury. Despite various efforts by the industry leaders, the attitude amongst the wider public remains that insurance is for the rich, and this is part …

So why are Ugandans the most angry? COVER STORY | THE INDEPENDENT |  When Ugandans are asked to evaluate their life based on quality of life, happiness, and fulfillment on a ladder with steps numbered from 0 (the worst possible life) to 10 (the best possible life), the average rank …

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

Kenya’s real GDP is expected to pick up gradually in the medium term, with growth projected to increase from 4.5 percent in 2025 to about 5.0 percent in 2026–27 Nairobi, Kenya | THE INDEPENDENT | Kenya’s public debt remains at high risk of distress, with interest payments absorbing about a third …

Port Bell, Uganda | THE INDEPENDENT | Uganda Breweries has today donated items worth UGX 30M to the Luzira Youth and Women community. The donation includes 400 plastic chairs, 10 tables, 2 portable mini-sound systems, and 4-fifty-seater tents which will serve as revenue-generating assets through hire towards community development initiatives. …

Kampala, Uganda | THE INDEPENDENT | Uganda has managed to reduce the level of spending on loans in terms of the percentage of the Gross Domestic Product (GDP) through restructuring debt and the growth of the economy. Total interest payments as a share of GDP decreased to 3.5 percent at the …

Kampala, Uganda | THE INDEPENDENT | Uganda has outlined plans aimed at reducing its national debt starting in 2027 the year it is forecast to touch 53 percent of the value of the economy (GDP). The country’s national debt stands at 25.6 billion (93 trillion shillings) as of the end of …

It cannot measure the health of the economy as it doesn’t reflect the health of people or the planet COMMENT | RADHIKA BALAKRISHNAN | Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world. People feel …