Kampala, Uganda | THE INDEPENDENT | Shadow Finance Minister, Muwanga Kivumbi has criticised government for prioritising expenditure over development, which he said is reflected on the budget presented to Parliament, slowing down the economy. Muwanga said with half of the appropriated revenue for the current financial year already released to Ministries, …
Read More »XI JINPING: China’s reform and opening-up is a miracle
FULL SPEECH
GDP just over $15.38 trillion in 2020
100th anniversary of CPC in 2021
832 counties, 100 million rural residents out of poverty Beijing, China | THE INDEPENDENT, CGTN & PD CHINA | Chinese President Xi Jinping has today delivered his annual New Year Address …
Museveni challenges African countries on economic growth
Sironko, Uganda | THE INDEPENDENT | President Yoweri Museveni has called upon African countries to join efforts in fostering the economic growth and development of the region. The president said that through the economic unity of the continent, many countries will stop being bullied by the European giants and America’s, adding …
Read More »Museveni, Kenyatta sign cross- border peace agreement
. Moroto, Uganda | THE INDEPENDENT | President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni yesterday witnessed the signing of an agreement aimed at promoting sustainable peace and development among Turkana, Pokot and Karamojong communities. The programme dubbed Cross-Border Sustainable Peace and Development seeks to end hostilities among the three …
Read More »14 issues identified under fourth national development plan
Kampala, Uganda | THE INDEPENDENT | Up to 14 cross-cutting issues have been identified as the fourth national priority pillars of the third phase of the National Development Plan – NDP III. The first three pillars advocate for the promotion of inclusive development and sustainability of economic progress of the …
Read More »World Bank President Jim Yong Kim announces resignation
Washington, United States | AFP | World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision ends Kim’s six-year tenure and may give US President Donald Trump decisive influence over the future …
Read More »THIS WEEK: UNRA to create skills development hub in Luweero
THIS WEEK: UNRA to create skills development hub in Luweero Kampala, Uganda | THE INDEPENDENT | Uganda National Roads Authority (UNRA) has taken over a plant operators training centre in Luweero which it plans to turn into a skills development hub for mechanics and other kind of equipment operators. DFID, UK’s …
Read More »Uganda looks to China for development
Taking stock of Chinese investments in Uganda Kampala, Uganda | RONALD MUSOKE | China has been Uganda’s second largest trading partner for a while, according to Zheng Zhu Qiang, the Chinese ambassador to Uganda. China is now also the second leading investor in terms of projects. Speaking during the Uganda-China Economic …
Read More »COMMENT: Africa’s path to development
Economists are confident that Africa’s development model will be different from that of East Asia COMMENT | BRAHIMA COULIBALY | Recent projections indicate that several Sub-Saharan African countries will experience robust economic growth over the next five years. By 2023, around one-third of the region’s economies will have grown at an …
Read More »COMMENT: Development lessons from Rwanda
The intimate connection between political and economic institutions is the heart of development COMMENT | ENOCK NYOREKWA TWINOBURYO | I recently visited the Rwanda – residing largely in Kigali. I was particularly impressed at the transition and strong faith by citizens in their development trajectory. There is strong unionism and strong …
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