Tag Archives: economy

Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …

Kampala, Uganda  | THE INDEPENDENT | Uganda has had a frantic 2021 as it experienced one of the most contested presidential elections, a devastating pandemic and a new war against terrorism. A three-month presidential election campaign culminated on Jan. 14, with the incumbent, 76-year-old Yoweri Museveni tussling it out with the …

Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …

  Ramathan Ggoobi Key interventions by government supported positive recovery   Kampala, Uganda | THE INDEPENDENT | Economic analysis for the year 2021 shows a somewhat positive recovery as opposed to a year before as government eased COVID-19 pandemic restrictions. According to the ministry of finance annual report which incorporates …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda on Monday said the Omicron variant of COVID-19 is casting uncertainty over the country’s economic outlook. Bank of Uganda, in a monthly monetary policy statement issued, said the Omicron variant could further disrupt the global supply chain, which may have spillover …

Kampala, Uganda | THE INDEPENDENT | Government in the month of November registered a revenue shortfall of 52.18 billion Shillings against its target for the month. This is highlighted in the Ministry of Finance monthly report on the performance of the economy released on Monday. Government through the Uganda Revenue Authority-URA …

Islamabad, Pakistan | Xinhua | The Organization of Islamic Cooperation (OIC) has decided to establish a humanitarian trust fund, launch a food security program, and facilitate to unlock financial and banking channels for Afghanistan to help the Afghan people facing looming humanitarian crisis, Pakistani Foreign Minister Shah Mahmood Qureshi said on Sunday. …

Kampala, Uganda | THE INDEPENDENT | While labour externalization is on an increase in Uganda, experts have pointed out that the country lacks a return policy that supports them to be able to sustain themselves in the economy when they return home. Agnes Igoye, the Deputy National Coordinator, Prevention of Trafficking in …

Kampala, Uganda | THE INDEPENDENT | There have been many concerns about getting people to recover from the mental stress caused by COVID-19 lockdowns as many authorities move to reopen their countries fully. However, other countries have reinstated some restrictions to battle new variants like Omicron, which according to some experts …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …