Tag Archives: World Bank

Kampala, Uganda | THE INDEPENDENT | The Education Ministry has been faulted for failing to kick-start a World Bank funded project for four years despite the disbursement of funds. The five-year Albertine Region Sustainability Development Project III was designed to upgrade two technical institutions; the Uganda Petroleum Institute Kigumba and Uganda …

Nairobi, Kenya | Xinhua | Sub-Saharan African economies are projected to grow between 2.3 and 3.4 percent in 2021 depending on the policy measures adopted by countries in the region and the international community, the World Bank said in a report released on Wednesday. According to Africa’s Pulse report, the growth …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Environment Beatrice Anywar has sought parliament’s approval of a 286 billion Shillings loan request from the World Bank to restore forests in the country. Anywar presented the loan request before Parliament’s National Economy Committee alongside the Minister of State for …

Kampala, Uganda |  THE INDEPENDENT | The government is in advanced stages to secure 1.4 Trillion Shillings from the World Bank to support the free Electricity Connections Policy (ECP). According to the Minister of Energy and Mineral Development Mary Goretti Kitutu, the money expected to be obtained at the beginning of …

Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …

 Latest Economic Update notes that investments in human capital and youth over the next five years will impact on the country’s prosperity | THE INDEPENDENT | Increasing government spending on health and education over the next five years will enable Uganda to enjoy a demographic dividend that comes with a …

Kampala, Uganda | THE INDEPENDENT | The World Bank spells a gloomy picture of Uganda’s economy this year, urging the government to mind its spending plans and increase the domestic revenue mobilization. The 16th Uganda Economic Update shows that Uganda’s economy will contract by 1 percent in the calendar year 2020, …

Govt to Borrow SH1.4 Trillion to Fast-Track Pledge on Seed Schools, Health Centres Entebbe, Uganda | THE INDEPENDENT | The government is set to borrow over sh1.4 trillion under two separate projects that will see the realization of two long waited pledges of having a public secondary school and health …

Kampala, Uganda |  THE INDEPENDENT |  The African Union has a commitment of USD 5 billion promised by the World Bank and other donors, out of the USD 12 billion that African countries need to access the coming COVID-19 vaccine. This revelation was made at a teleconference meeting convened Tuesday …

Kampala, Uganda |  THE INDEPENDENT |   Uganda’s newly established cities need to plan and manage settlements to avoid the same pitfalls that befell Kampala, the Capital City. Government in July inaugurated seven new ‘cities’ by elevating former municipalities of Arua, Gulu, Mbale, Jinja, Masaka, Mbarara, and Fort Portal to city …