Kampala, Uganda | THE WORLD BANK| Improving tax revenue is essential to sustaining economic growth in Uganda, according to a recent economic analysis for the country. The Uganda Economic Update, Financing Growth and Development: Options for Raising More Domestic Revenues, says that while economic growth has rebounded from 4.5% to 5.5% …
Read More »THIS WEEK: Legislators ask World Bank, IMF for better terms of trade
Legislators ask World Bank, IMF for better terms of trade Kampala, Uganda | THE INDEPENDENT | Members of parliament attending the 2018 Global Parliamentary Conference at the World Bank Headquarters in Washington DC have asked the International Monetary Fund (IMF) and the World Bank to always consider giving African countries better …
Read More »World Bank: African Economic growth at 3.1% in 2018
Kampala, Uganda | THE INDEPENDENT | The World Bank projects Sub-Saharan Africa to garner an economic growth of 3.1 percent in 2018, and increase of over one percent from 2017. Recent data in the Africa Economic Update released Wednesday afternoon point to a moderate strengthening of economic growth in early 2018. …
Read More »Ugandan youth win World Bank #Blog4Dev youth essay contest
#Blog4Dev: Three Winners to join Uganda delegation to IMF, World Bank Spring Meetings in Washington DC KAMPALA | THE INDEPENDENT | The World Bank has announced the Ugandan winners of its annual #Blog4Dev youth essay competition. The three winners are Tendo Namata, 26 ; Helda Mary Akongo, 24 and Douglas Dubois …
Read More »Rethinking Rwanda’s town
Kampala, Uganda | AGENCIES | World Bank says growth higher than stated Large scale urbanisation has already taken place in Rwanda, with the pace of it much faster than official records suggest because the definition of urban areas needs refining. Urbanisation appears to have had a positive impact on structural …
Read More »Uganda to benefit from cheaper, de-risked World Bank financing
KAMPALA | THE INDEPENDENT | Uganda is one of several countries in Sub-Saharan Africa that stands to benefit from a new World Bank financing facility that aims to support private sector access more affordable capital for investment. Under the 18th replenishment of the International Development Association (IDA18) – the World …
Read More »Rwanda targets 563MW of power
Deal signed with World Bank Kampala, Uganda | THE INDEPENDENT | The World Bank Group and the Government of Rwanda have signed a $125 million Financing Agreement for the First Programmatic Energy Sector Development Policy operation. is a concessional loan designed to boost companies in involved in the energy generation sector under …
Read More »COMMENT: Banking on the unbanked
By ignoring poor people’s needs, financial institutions are overlooking a massive potential market COMMENT | REETA ROY | In a sea of gloomy news, one bright headline appears on the horizon. The World Bank’s latest figures on individuals’ bank accounts, to be released early next year, are expected to show that …
Read More »Uganda backslides in Doing Business ranking
Hike in trade licence fees and tedious property transfer blamed Kampala, Uganda | ISAAC KHISA | Uganda has slid back in the World Bank’s Ease of Doing Business ranking dropping seven places to 122 out of 190 economies. It is the sixth time in seven years that the East African nation …
Read More »World Bank expects higher oil prices in 2018
Kampala, Uganda | THE INDEPENDENT | Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing United States shale oil production, according to the World Bank’s Senior Economist John Baffes. …
Read More »