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Tag Archives: COVID-19

Falling global oil prices

Implications on Uganda’s economy due to low economic activity and COVID-19 related worldwide challenges COMMENT | SAMUEL OKULONY | The outbreak of COVID 19 in China in December last year and its spread across the world has resulted in unprecedented events and stressed both highly developed and low developing countries. …

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US trade deficit widens in March on record export drop

Washington, United States | AFP | US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. While widespread business shutdowns in the United States did not …

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Bududa covid-19 suspects complain of starvation

Bududa, Uganda |  THE INDEPENDENT |  Covid-19 suspects isolated at Bulucheke Secondary School quarantine center in Bududa district are complaining of starvation. There are currently 16 suspects in the quarantine center. They were taken into isolation on Saturday last week. They are part of 100 corona virus suspects under institutional and …

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Archbishop Kaziimba asks gov’t to stimulate economy

Kampala, Uganda | THE INDEPENDENT | The Archbishop of the Church of Uganda the Most Rev. Dr. Stephen Kaziimba Mugalu has appealed to government to consider plans of stimulating the economy as well as support affected businesses and livelihoods in the face of the coronavirus (COVID-19) pandemic. According to the …

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Afreximbank unveils a US$3million COVID-19 Response Grant

The bank’s net profit increased from US$275.9million in 2018 to US$315.3million last year Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank, has unveiled a US$3-million grant to complement continental efforts to combat the COVID-19 pandemic. The Bank’s President Prof. Benedict Oramah, who made the announcement in …

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