Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Anita Among has asked the Minister of Energy and Mineral Development to present a statement on Wednesday next week regarding the rising fuel prices. The pump price for petrol has in the last few weeks been increasing and is currently …

Kampala, Uganda | THE INDEPENDENT | The government of Uganda should consider announcing dates for reopening of all sectors of the economy to allow the people enjoy their social, economic, cultural and political rights, pundits have said. Speaking at the 6th virtual Town Hall COVID-19 meeting on Nov.15, held under the …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Information and Communication Technology-ICT, Joyce Nabbosa Ssebugwawo has directed the National Information Technology Authority Uganda-NITA-U, to reduce the cost of internet in order to ease the cost of doing business. Recent research showed that Uganda has the most expensive mobile data …

Paris, France | Xinhua | The indebtedness of the poorest households in the United States was largely financed by the accumulation of savings of the rich, French economic researcher Frederic Cherbonnier said in an article published recently in newspaper Les Echos. The phenomenon locks the American economy in a vicious circle …

Kampala, Uganda | THE INDEPENDENT | MPs on the Committee on Budget are scrutinising a Shs3.8 trillion supplementary budget with Shs1.3 trillion already spent as being within the limit allowed by the Public Finance Management Act. Section 25(1) of the Public Finance Management Act allows accounting officers, subject to the approval of …

Kampala, Uganda | THE INDEPENDENT | Shadow Finance Minister, Muwanga Kivumbi has criticised government for prioritising expenditure over development, which he said is reflected on the budget presented to Parliament, slowing down the economy. Muwanga said with half of the appropriated revenue for the current financial year already released to Ministries, …

35 percent maximum tariff rate will attract investments in industrial value chains and transform the bloc into an export-led, industrialized economy Dar es Salaam, Tanzania | Xinhua | The East African Business Council (EABC) on Monday urged member states of the East African Community (EAC) to adopt a proposed 35 percent …

Kampala, Uganda | THE INDEPENDENT | Coffee farmers now have a new opportunity to increase production and benefit across the value chain, thanks to a new project fronted by the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI). The project dubbed fair-for-all, improving coffee value chains in Uganda seeks to …

Washington, U.S. | Xinhua | Three key U.S. Democratic senators on Tuesday released a proposal for a minimum tax on corporate profits to help pay for President Joe Biden’s economic agenda. The proposal, released by Senate Finance Committee Chairman Ron Wyden and Senators Elizabeth Warren and Angus King, would create a …

Harare, Zimbabwe | Xinhua | Zimbabweans on Monday marked the Anti-Sanctions Day with demonstrations around the country to urge the United States of America to remove sanctions it imposed on the southern African country about two decades ago. The Anti-sanctions Day was set aside by the Southern African Development Community (SADC) …