Tag Archives: economy

By Haggai Matsiko Thomas Richardson, the Senior Resident Representative for the International Monetary Fund who is leaving Uganda for a new posting in India in July, tells The Independent’s Haggai Matsiko about macro-economic management, managing oil money, and the need for a new generation of leaders. How has your tenure …

By Joseph E. Stiglitz The prescription for what ails the global economy follows directly from the diagnosis: strong government expenditures As the economic slump that began in 2007 persists, the question on everyone’s minds is obvious: Why? Unless we have a better understanding of the causes of the crisis, we …

By Independent Reporter Traders, manufacturers, consumers wait in vain for solution from government President Yoweri Museveni’s solution for the depreciating shilling to the dollar, as enunciated in the press on July 6 is the correct one; bring more dollars into the economy and the shilling will stabilise. Unfortunately, his means …

By independent reporters Review comes up in June, IMF blames crisis on reduced foreign reserves, high election spending, jets purchase. Food and fuel prices complicate plan As traders, religious leaders, students, and civil society organisations criticise the government’s reaction to the Walk-to-Work protests over high food and fuel prices, one …

By Dicta Asiimwe Says new challenges call for stronger state leadership in the economy President Museveni this week launched the National Development Plan (NDP) whose drafters say is meant to transform Uganda from a peasant to a prosperous country within the next 30 years. They say government will achieve this through …

By Patrick Kagenda Bank of Uganda says economy stable but BoP figures tell a different story Uganda’s macro-economic environment remains “broadly stable” amid global economic gloom, according to the March economic and financial indicators from the Central Bank. But close scrutiny of the figures released last week reveals an attempt …

By Kalundi Serumaga The Ugandan government has finally woken up. It has accepted that the western economic crisis will indeed have a seriously negative impact on Uganda Such an admission is no small matter for people who have been enthusiastic advocates of completely opening up Africa’s economies to Western engagement, …

By The Independent Team President Yoweri Museveni has projected Uganda’s economic growth to be as high as 7.5% in the year ending June 30, according to a statement issued by the government Media Centre President. Mr Museveni based his projections on improved exports performance and investment in energy industries. “While …

By Independent Team Economic growth in sub-Saharan Africa is expected to moderate in the face of the financial turmoil, especially as terms of trade gains from the surge of commodity prices moderate. Overall, growth is projected to decline from 7% in “07 to 6% in 2008-09. South Africa, the region’s …

By Patrick Kagenda If the value of its currency is falling, fuel prices and inflation going up and an irrational indifference hits its securities exchange; is it realistic to say the economy’s fundamentals are ok? Finance minister Ezra Suruma, Bank of Uganda Governor Tumusiime Mutebile, and Uganda Securities Exchange boss …