The recent fourth edition of Equity Group’s Trade Mission, held in Kinshasa and Lubumbashi, brought together delegates from East Africa, including Kenya, Uganda and Tanzania Kinshasa, DRC | THE INDEPENDENT | The Democratic Republic of Congo (DRC), with its immense natural resources and dynamic economic sectors, is fast becoming a pivotal …
Read More »BoU holds CBR at 9.75% to sustain inflation stability and drive growth
Potential global inflationary pressures, geopolitical tensions, and tightening global financial conditions could pose upside risks to inflation Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.75%, signaling confidence in the stability of domestic inflation and economic activity despite global …
Read More »Who are Uganda’s influential Indian business families?
Despite being expelled by Idi Amin in the 1970s, Ugandans of Indian descent today make an outsize contribution to the country’s economy. All you need to know about the families that matter. Kampala, Uganda | AGENCIES | At the India-Uganda Trade Mission organised in October by Equity Bank, Minister for Trade …
Read More »When Salim Saleh blew my head
The president’s brother’s insights about Uganda’s political economy and what it tells us about our country THE LAST WORD | Andrew M. Mwenda | And so, on Monday this week I visited Gen. Salim Saleh in Gulu and we sat down to a long conversation about Uganda’s economic woes. Saleh has been studying …
Read More »Agro-industrialisation can unlock Uganda’s economic growth
Its successful implementation requires collaboration of the government, private sector, and development partners COMMENT | DAVID WOZEMBA | Agriculture is often considered the backbone of Uganda’s economy, employing over 70% of the population and contributing roughly 24% of GDP. However, its potential remains largely untapped. One of the challenges limiting the …
Read More »Kamala Harris’s economic priorities
If the Democrats were to win the White House and both houses of Congress, they could implement fiscal policies with a simple majority COMMENT | NOURIEL ROUBINI | With polls suggesting that Kamala Harris has at least a 50% chance of winning next month’s US presidential election, questions about her …
Read More »Ugandan economists advised to keep an eye on Kamala vs Trump
Kampala, Uganda | THE INDEPENDENT | Uganda and other African countries have been advised to take a keen interest in US politics. The outcome of the presidential polls later this year is poised to affect several economies across the world. Experts say, the election is important for Uganda, which …
Read More »Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The government need to invest more resources in education, health, and social protection to benefit from the demographic dividend Kampala, Uganda | ISAAC KHISA | The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil …
Read More »World Bank commends Uganda’s economy performance amidst risks
Kampala, Uganda | THE INDEPENDENT | The World Bank has given Uganda’s economy a positive midterm outlook but forecasts slower growth rates than the government projections. According to the 23rd Edition of the Uganda Economic Update, the economy will grow by 6.2 percent next financial year and improve further to 6.6 …
Read More »Intra-African trade values hit US$192 billion
However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …
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