Tag Archives: economy

Nairobi, Kenya | Xinhua | Sub-Saharan Africa’s economy is expected to expand by 3.3 percent in 2021 after a contraction of 2 percent in 2020, the World Bank said on Wednesday. According to analysis in the Pulse, the World Bank’s twice-yearly economic update for the region, the economic recovery will …

Kampala, Uganda | THE INDEPENDENT | How does it matter that the tax on an individual’s contributions to the National Social Security Fund is deferred to the time of withdrawal of the benefits, as had earlier been proposed by the NSSF? The media reports that the government plans to tax the …

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda (PSFU) has called on Parliament to align national policies to the National Planning Framework that is premised on the Vision 2040, annual budget and Ministerial Policy statements. According to the PSFU Executive Director Francis Kisirinya, the business community invests based on …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Uganda’s Shadow State: Revealing the networks of people with power THE LAST WORD Is Uganda’s economy failing?: Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our …

Kampala, Uganda | THE INDEPENDENT | John Walugembe, the executive director of Federation of Small and Medium Sized Enterprises Uganda has urged the government to practically implement its proposed economic recovery programme in a bid to improve peoples’ livelihoods. Walugembe speaks for the umbrella/business association that brings together over 112,000 micro, small …

Washington, U.S. | Xinhua | Americans for Free Trade, a coalition of more than 150 industry associations that are united in the fight against tariffs, on Tuesday urged the Biden administration to end the “misguided trade war” initiated by the previous administration as tariffs continue to hurt American businesses across the …

Geneva, Switzerland | Xinhua | United Nations Secretary-General Antonio Guterres said on Monday that the possibility of a complete economic collapse in Afghanistan is “serious.” Guterres was in Geneva on Monday to convene a high-level ministerial meeting on the humanitarian situation in Afghanistan. He highlighted the acute and urgent need for …

Kampala, Uganda | THE INDEPENDENT | The recent allocation of special drawing rights by the International Monetary Fund to its members has triggered fears of misuse, since the resource had been described as free, and not a loan. Special Drawing Rights are an international reserve asset, created by the IMF to …