Tag Archives: economy

Lusaka, Zambia | Xinhua | Newly-elected Zambian President Hakainde Hichilema has vowed to fix the economy with the appointment of a new finance minister, the only minister appointed so far. The Zambian leader on Aug. 27 appointed Situmbeko Musokotwane as the country’s new finance minister, with a call for him to …

Kampala, Uganda | THE INDEPENDENT | The confirmation on Monday by the South African based retailer Shoprite, that it was quitting Uganda and Madagascar, raises more questions about the ability of Uganda’s economy to sustain a global investor. The management of the Johannesburg listed retailer, said it was refocusing its resources …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health (MOH) has lifted the travel ban on travelers from India. Health Minister Dr Jane Ruth Aceng told a news conference on Friday that the country has now been placed under category 2, down from category 1 countries, implying that travellers …

Kampala, Uganda | Ronald Musoke | Ramathan Ggoobi, the new Permanent Secretary in the Ministry of Finance, Planning and Economic Development who also doubles as the Secretary to the Treasury has officially assumed office almost a month after his appointment. Patrick Ocailap, the Deputy Secretary to the Treasury who has been …

COMMENT | BENJAMIN AGABA |  President Yoweri Museveni has oftentimes highlighted four pillars, that he says are core for the economy and which every citizen needs to be engaged in. He urges Ugandans to engage in at least one of them for the country to achieve the socio-economic transformation goal as …

Kampala, Uganda | Julius Businge | Small businesses that have been negatively impacted by the COVID-19 lockdowns could smile any time from now if government plan to inject cash into their enterprises come to pass. This follows a meeting where the Federation of Small and Medium-sized Enterprises was invited by the …

Kampala, Uganda | THE INDEPENDENT | The Leader of the Opposition (LOP), Mathias Mpuuga has faulted government on its role in the recovery of the economy, saying that the state has relegated almost all its core obligations to the private sector. Mpuuga made these remarks while delivering his response to President Yoweri …

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

Nairobi, Kenya | Xinhua | As the effects of climate change such as scarce rains and drought unfold in Kenya, the east African nation is warming up to alternative crops that were initially neglected to boost food security, with traditional staple crops facing increased threats. Maize and rice are among Kenyan …

Kampala, Uganda | THE INDEPENDENT | Uganda is expected to produce oil and gas by the end of 2025. While it is hoped oil and gas will be a game-changer for the economy, some say it may be a risky bet by countries like Uganda that are about to extract their …