Activists say it is a counterproductive move Kampala, Uganda | RONALD MUSOKE | In a surprising twist, some members of the gay community in Uganda have told The Independent they are not pleased by the recent decision of the World Bank to cut funding to new projects in Uganda because of …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance, Hon. Henry Musasizi, has said government is engaging the World Bank on its decision to cut financing of projects in Uganda. “We are negotiating with the World Bank but should we fail to agree, then we shall make some decisions …
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Kampala, Uganda | THE INDEPENDENT | There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance institutions to take similar actions. If that happens, the country could be forced to take drastic measures and options to avoid the possible impact. …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has explained that Uganda’s anti-homosexuality law does not target anyone for being a homosexual, but makes it illegal to recruit or coerce others. This he argued, makes the World Bank’s decision to cut loans to Uganda over the issue, illogical. He …
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Washington, US | THE INDEPENDENT | The World Bank has suspended all future funding for projects in Uganda, citing human rights violations after the enactment of an anti-homosexuality law. In a statement released Tuesday, the World Bank Group said no new public financing to Uganda will be presented to its Board …
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Many people will support transforming a lethargic institution into a force for a sustainable future COMMENT | BERTRAND BADRE & PETER BLAIR HENRY | Ajay Banga, the newly appointed President of the World Bank, is taking the helm at a pivotal moment. The devastating effects of the COVID-19 pandemic have impeded …
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Per capita income increased to about US$930 for FY21/22, edging closer to the lower-middle-income threshold Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic activity is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak, according to the World Bank’s 21st Edition of the Uganda Economic …
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Accra, Ghana | Xinhua | The World Bank has approved 150 million U.S. dollars to help the Ghanaian government control flood in the country’s capital of Accra, a release from the bank’s Ghana office said Friday. The World Bank financing was for the improvement of the Greater Accra Resilient and Integrated …
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Arua, Uganda | THE INDEPENDENT | The World Bank has expressed concern over the low absorption of funds by local governments implementing the Uganda Support to Municipal Infrastructure Development (USMID) Additional Financing project. Out of the US$5.4 billion invested in the program, only 30% of the funds have been absorbed …
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Kasese, Uganda | THE INDEPENDENT | World Bank representatives and government have commended leaders and road contractors in Kasese municipality for keenly supervising the World Bank-funded roads under Uganda Support to Municipal Infrastructure Development Additional Financing USMID-AF program which they say is yielding impressive results. About 5.64 KM of roads are …
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