Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …

Kampala, Uganda | THE INDEPENDENT | The Ugandan government loses 20 trillion Shillings every year through corruption, according to a survey conducted by the Inspectorate of Government. The Deputy Inspector General of Government (IGG) Anne Muheirwe Twinomugisha, says that the inspectorate, together with the German Society for International Co-operation, conducted a …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to come up with a comprehensive plan on industrialisation for the country. The followed presentatation of a ministerial policy statement by the Minister of State for Trade, David Bahati, on the commemoration of the Africa industrialisation Day and other matters …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed a supplementary budget of 3.81 trillion Shillings, mostly for stimulating the economy hit by COVID-19 and security-related interventions. Of this, at least 1.3 trillion Shillings was already spent within the 3 per cent legal limit which the government can spend and seek …

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, …