Can the world avoid annual global growth falling to a three-decade low of 2.2% and remain weak? COMMENT | KAUSHIK BASU | The Spring Meetings of the World Bank and International Monetary Fund usually provide a platform for various organisations, policymakers, and commentators to reflect on the state of the …
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The company expects to experience an increase in capital expenditure owed to sustained investment to boost growth Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced a 20% growth in profit after tax for the first quarter of this financial year to Shs 120.6bn and said it maintains a full-year …
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Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …
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The electricity distributor’s assets are to be handed over to the government in 2025 Kampala, Uganda | THE INDEPENDENT | A surge in customer base, efficiency in revenue collection and a reduction in energy losses helped the electricity distributor, Umeme to record a 6.5% growth in profit after tax for the …
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Nairobi, Kenya | Xinhua | African countries should enact policy and legislative instruments that facilitate seamless cross-border movement of the skilled labor force in order to realize economic growth, stability and cohesion, the International Organization for Migration (IOM) officials said Thursday. Mohammed Abdiker, the director of the IOM’s Regional Office for East …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance Industry reports that in 2022 the various companies collected a total of 1.44 trillion Shillings in gross underwritten premiums, compared to 1.13 trillion Shillings recorded in 2021. This, according to the industry is due mainly to increasing awareness by the public of the …
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This big problem shows we must not allow economics to advise society with flawed theories and indicators COMMENT | Tiago Cardao-Pito | In studies, forecasts and recommendations to governments, markets are seen as capable of processing so-called rational information. Economists claim that firms’ market prices result from rational expectation about their future …
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In Highly Indebted countries, it might require a combination of deeper debt reduction and longer time COMMENT | Dani Rodrik, Reza Baqir, and Ishac Diwan | This year may prove devastating for the developing world, as more and more countries find themselves engulfed in debt crises. Several (Lebanon, Sri Lanka, Russia, Suriname, …
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Why government and philanthropy need to steer incentives and resources toward three interconnected goals COMMENT | Sven Smit, Anu Madgavkar, and Kevin Russell | In November 2022, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda revolved around …
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The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …
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The Independent Uganda: You get the Truth we Pay the Price
