Tag Archives: economy

MASINDI, Uganda | Xinhua | For 83-year-old Yosam Kagolo, travelling on the newly paved road to nearby towns is more than just a convenience. It is a symbol of progress and opportunity. Kagolo, a seasoned trader in the Ngwedo trading center of Buliisa district in rural midwestern Uganda, vividly remembers …

KAMPALA, Uganda | Xinhua | Investors in Uganda have expressed optimism about the business environment, especially in the manufacturing and wholesale trade sectors in the East African country, according to a government report released on Tuesday. The optimism is shown by the Business Tendency Index, which remained above the 50-mark …

In Africa, countries like Egypt, Morocco, Tunisia, South Africa, Ghana, Ethiopia, Kenya, and Rwanda are seeing rapidly growing BPO industries COMMENT | ANGELLA KAKUMIRIZI | Businesses worldwide are increasingly adopting Business Process Outsourcing (BPO) to manage their non-core functions. From customer service roles, such as call centers, to back-office processing that …

The government is already struggling to meet revenue targets due to a slowdown in economic performance ANALYSIS | TIMOTHY NJAGI NJERU | There were early warnings that Kenya’s long rain season – between March and May – was going to bring above-normal rainfall. The extreme intensity of the rain has resulted in devastating …

Following the confirmation of commercial oil and gas production in 2006, the government has enacted and updated various laws and policies to facilitate sustainable development Kampala, Uganda | THE INDEPENDENT | Uganda’s ninth Oil and Gas Convention, which concluded on April.18 in Kampala, highlighted a promising future for the country’s energy …

That’s why Museveni can’t save them from URA COVER STORY | THE INDEPENDENT | “Tax has a negative multiplier to the economy, more so in economies such as ours where the tax system is regressive and accountability is very poor. It has long been proven by economists that people’s incomes, business …

BEIJING | Xinhua |  A series of indicators have shown the Chinese economy accumulated a number of positive elements in the first quarter, kicking off a good start to this year despite pressures and challenges both at home and abroad. The country’s gross domestic product (GDP) recorded a year-on-year growth …

Opening doors for private investors has spurred a rise in investments in Ethiopia’s key sectors, allowing the country to maintain higher economic growth rates than its African and global peers and elevating its global reputation. SPECIAL REPORT | BIRD AGENCY | Ongoing economic reforms that are also seeing Ethiopia opening …

LONDON, ENGLAND | Xinhua | The British economy has entered a recession following two successive quarters of contraction in the second half (H2) of 2023, official data showed Thursday. Britain’s gross domestic product (GDP) fell by 0.3 percent in the fourth quarter (Q4) of 2023 after shrinking by 0.1 percent …

There’s a need for enhanced liquidity in domestic markets to foster economic growth and socio-economic transformation Kampala, Uganda | JULIUS BUSINGE | Uganda has preserved its fourth-place ranking in the Absa Africa Financial Markets Index for 2023, despite a slight decrease in its overall score from 64.4 to 62.8. The index, …