Tag Archives: economy

  Time for the country to leap into pharma knowledge and great value manufacturing COMMENT | MORRISON RWAKAKAMBA | Uganda Investment Authority is working with Ministry of Health and other stakeholders to implement establishment of an over 500 acre fully serviced major pharmaceutical industrial park in Nakasongala to spur human …

Kampala, Uganda | THE INDEPENDENT | The government of Uganda has explained that the decision to stay away from the International Coffee Agreement (ICA) extension was inevitable for the good of the local industry, a position agreed to by some private sector players. The ICA is an instrument for international cooperation …

Jerusalem, Israel | Xinhua | Israel’s gross domestic product (GDP) increased by 8.1 percent in 2021, the highest annual growth in 21 years, according to a report released by the Israeli Central Bureau of Statistics on Wednesday. The country’s GDP increased by 3.6 percent in 2019, and decreased by 2.2 …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Once the bill clears the Senate, senior lawmakers will have until March 11 to reach an agreement on how to fund the government for the remainder of the fiscal year Washington, U.S. | Xinhua | The U.S. House of Representatives on Tuesday passed a short-term bill to extend federal government funding …

Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued on Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank …

Kampala, Uganda | THE INDEPENDENT | MPs have unanimously approved the Budget Framework Paper for the financial year 2022/23 to FY 2026/27, after harmonising positions in the minority and majority reports of the Committee on Budget. Section 9(8) of the Public Finance Management Act requires Parliament to receive and process the Budget …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have extoled the late Prof. Emmanuel Tumusiime Mutebile for what they termed as an immeasurable dedication to the growth of the economy of Uganda. The Prime Minister, Robinah Nabbanja, presented to a Parliament a Motion to eulogize Mutebile, who served as the …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October’s forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as economies grapple with supply …