Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …

Kampala, Uganda | THE INDEPENDENT | With ravages of COVID-19 which swept the economy down to a growth rate of three per cent, government is hoping to get to pre-pandemic levels of six per cent per annum in Financial Year 2022/23. President Yoweri Museveni, through finance minister Matia Kasaija, last week tabled …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on East African Community Affairs has tasked the finance ministry to prioritise funding for the Ministry of East African Community Affairs. Committee members say low budget allocation to the ministry has affected its capacity to discharge its key activities on national and regional level. …

Nairobi, Kenya | Xinhua | The World Bank on Wednesday projected the economy in Sub-Saharan Africa to slow down to 3.6 percent in 2022 from 4 percent in 2021. The World Bank said the region’s economy is struggling to pick up momentum amid a slowdown in global economic activity, continued supply …

Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …

Vladivostok, Russia | Xinhua | Russian President Vladimir Putin said Tuesday at a joint press conference that it was important to deepen integration between Russia and Belarus in the face of all-out Western sanctions. Putin and Belarusian President Alexander Lukashenko hosted the joint press conference at the Vostochny Cosmodrome in Russia’s …

The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER Winners in the war in Ukraine: What Uganda is missing THE LAST WORD A frank memo to our wannabes: Why Oulanyah’s evacuation to Seattle was not a waste of taxpayers’ money COMMENT The implosion …

Tehran, Iran | Xinhua | Iranian President Ebrahim Raisi said Thursday that his country has not withdrawn from the negotiation table in Vienna and will continue the talks on the restoration of the 2015 nuclear deal. “Negotiations are pursued with vigor and dignity, and we have not left the negotiating table,” …