Kampala, Uganda | THE INDEPENDENT | Municipal mayors and Town clerks have opposed new guidelines in the Uganda Support to Municipal Infrastructure Development-USMID project operational manual. The officials argue that the new guidelines are very stringent and affect the implementation of the project. They require that the beneficiary municipalities and districts …
Read More »World Bank Year in Review: 2018 in 14 Charts
Kampala, Uganda | THE INDEPENDENT | As 2018 comes to an end, extreme poverty is at the lowest level in recorded history but is expected to become increasingly concentrated in one region. A record number of people have been forcibly displaced from their homes, and an influential new report confirms we’re …
Read More »How Uganda’s agriculture and food system can create jobs
Gulu, Uganda | THE INDEPENDENT | Agriculture can provide jobs to Uganda’s unemployed youth if well harnessed, according to the twelfth Uganda Economic Update published this week by the World Bank. According to a World Bank statement, the report, “Developing Uganda’s Agri-Food System for Inclusive Economic Growth,” notes that the …
Read More »World Bank supports Rwanda energy sector
Off-grid power to meet connectivity targets Kampala, Uganda | DIAS NYESIGA | The World Bank is happy to be a strategic partner of the Government of Rwanda in the energy sector, according to Yasser El-Gammal, World Bank country manager for Rwanda. He was speaking about the 2018/19 fiscal year budget that was …
Read More »W BANK: Increasing tax flow key to financing Uganda’s growth
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 …
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