The construction and infrastructure sector contribute significantly to Uganda’s Gross Domestic Product (GDP), accounting for 12% Kampala, Uganda | JULIUS BUSINGE | The Uganda National Association of Building and Civil Engineering Contractors (UNABCEC), in collaboration with the Ministry of Works and Transport, is set to commemorate three decades of excellence in …
Read More »German GDP to shrink 0.5 pct in 2023
Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …
Read More »Russia’s GDP up 0.6 pct in first 5 months
Moscow, Russia | XINHUA | Russia’s economy is steadily recovering from the impact of sanctions and other challenges with a GDP growth of 0.6 percent in the first five months of this year, Russian Prime Minister Mikhail Mishustin said late on Tuesday. During a meeting with President Vladimir Putin, Mishustin said …
Read More »Five African countries to join tier-topping economic growth list amid GDP rebound
Five of Africa’s top-performing economies, pre-pandemic, are set to rejoin the world’s top ten fastest-growing economies this year as the continent’s GDP rebounds ANALYSIS | BIRD AGENCY | Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Tanzania are on course to post some of the strongest economic growth rates globally – a …
Read More »Uganda GDP to grow fast in 2023
Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …
Read More »Uganda’s fragile state status
The facts and the controversy Kampala, Uganda | THE INDEPENDENT | A fragile state is not a failed state. It is not one on the brink of conflict, collapse or failure. No. A fragile state is one that is vulnerable. A fragile a state is one that is vulnerable to conflict, …
Read More »The Lee Kuan Yew myth
Why I think Singapore would have transformed even with a less able leader THE LAST WORD | Andrew M. Mwenda | There is a widespread myth that Lee Kuan Yew, the legendary prime minister of Singapore from 1959 to 1990, was singularly responsible for the transformation of that island city-state …
Read More »Uganda’s GDP growth slows to 4.9% as import taxes decelerate – Absa 2022 Q2 Macro-economic analysis report
Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …
Read More »Uganda’s inflation a fetish
Why government policy to control inflation at 5% under whatever circumstances is misguided THE LAST WORD | ANDREW M. MWENDA | A fetish is an inanimate object (like a small stone or wood curving of something like an animal) that is worshipped for its supposed magical powers. That is what …
Read More »Government concealing debt figures: Experts
Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …
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