Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Economic Policy Research Center (EPRC) says the Covid-19 pandemic caused a drop in revenues, economic shutdown and new expenditure pressures which now calls for re-prioritization of national resources. According to Paul Lakuma, the Head of the Macro-Economic Unit at EPRC, a medium plan in reallocating …

Kampala, Uganda | THE INDEPENDENT | There is no doubt that the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this, his replacement is poised to raise interest and excitement …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health is now banking on personal responsibility to curb the transmission of COVID-19 as the economy fully reopens. Bars, entertainment centres, public concerts and the entire Arts industry are now allowed to operate, after close to two years of extreme restrictions which …

Kampala, Uganda | THE INDEPENDENT | Politicians from across the political divide have taken to social media to mourn the passing of Prof. Emmanuel Tumusiime-Mutebile, the longest-serving Governor of the Bank of Uganda. Mutebile who has been struggling with ill health for some time, passed on yesterday morning at Nairobi Hospital …

Kampala, Uganda | THE INDEPENDENT | The Governor of the Bank of Uganda Emmanuel Tumusiime Mutebile is dead. Mutebile died this morning at Nairobi Hospital, according to an announcement made by Deputy Governor Micheal Atingi-Ego. He was 72. Mutebile was admitted to Nairobi Hospital after he collapsed due to complications related …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has mobilized sh12 trillion through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the …

Kampala, Uganda | THE INDEPENDENT |  While addressing the nation on December 30, 2021, President Yoweri Museveni lifted the two-year lockdown and fully opened all the sector of the economy. With most of the business returning to normal operations this month, start-ups within the education, creative and transport sectors received …

Washington, U.S. | Xinhua | This week marks one year since U.S. President Joe Biden took office, with plummeting approval ratings and unresolved key priorities. A year ago when Biden spoke to a divided nation, weeks after the U.S. Capitol riot, he said he would bring back unity and do “great …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Wednesday pledged to “get inflation under control” as American voters were increasingly pessimistic about the economy and doubted his ability to fix supply chain issues and tackle soaring prices. “COVID-19 has created a lot of economic complications, including rapid price increases …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …