Tag Archives: economy

New York, U.S. | Xinhua | The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer, an economist told Xinhua. Other countries have to de-dollarize because of American foreign policy, forcing them to create an alternative, said Michael Hudson, professor …

Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has called for the reduction of the Central Bank Rate-CBR, saying it has made borrowing from commercial banks very expensive. CBR is the rate that is used by the Central bank to implement or signal its monetary policy stance. It is …

Kabale, Uganda | THE INDEPENDENT | Former Minister of Agriculture Hope Ruhindi Mwesigye has expressed doubt over the Parish Development Model that is being implemented by the government as a tool to uplift the livelihood of 39% of Ugandans from subsistence to cash economy. The former Kabale District Woman MP …

Kampala, Uganda | THE INDEPENDENT | The banking industry is worried over the rate at which the cost of living in Uganda is rising threatening the recovery of the economy. The Uganda Bureau of Statistics reports that headline inflation steadily increased to 6.8 per cent at the end of June, from …

Tehran, Iran | Xinhua | An Iranian lawmaker said on Monday that the Western sanctions on Iran and Russia have brought the two sides closer to each other in trade and economy, official news agency IRNA reported. Iran and Russia are providing one another with the products they fail to have …

London, UK | Xinhua | Arabs are losing faith in Western democracy to deliver economic stability across the Middle East and North Africa, the BBC reported on Sunday, citing a latest survey. More than half of the 23,000 people interviewed across the region by the Arab Barometer network agree with the …

Kitgum, Uganda | THE INDEPENDENT | Kitgum Municipal Council has secured 30 scholarship slots for underprivileged youths. The selected beneficiaries will undergo rigorous training on skills development at the Acholi Industrial Hub in Gulu. The Acholi Industrial Hub is one of the 22 zonal hubs established countrywide through the Presidential Initiative …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called upon the Pprivate sector to support the Parish Development Model. Museveni made the remarks while speaking on Thursday during the second Bi-annual Presidential Chief Executive Officers Forum (PCF) which he hosted at his country home in Irenga, Ntungamo district. The …

Kampala, Uganda | THE INDEPENDENT | The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the Bank, this average income by a Ugandan is far below the lower-middle-income threshold …