Tag Archives: economy

However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …

Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …

Africa doesn’t have a choice but here is how they can go hand in hand ANALYSIS | LITE NARTEY | Heathrow Airport in the UK currently uses more energy than the entire West African country of Sierra Leone. Despite Africa accounting for less than 4% of all global greenhouse gas emissions, …

Will the President’s move to cap interest rates charged by money lenders and his suggestions on regional markets yield tangible results, or are these just passing remarks? Kampala, Uganda | JULIUS BUSINGE | In his latest State of the Nation Address 2024, President Yoweri Museveni wants to cap interest rates charged …

MASINDI, Uganda | Xinhua | For 83-year-old Yosam Kagolo, travelling on the newly paved road to nearby towns is more than just a convenience. It is a symbol of progress and opportunity. Kagolo, a seasoned trader in the Ngwedo trading center of Buliisa district in rural midwestern Uganda, vividly remembers …

KAMPALA, Uganda | Xinhua | Investors in Uganda have expressed optimism about the business environment, especially in the manufacturing and wholesale trade sectors in the East African country, according to a government report released on Tuesday. The optimism is shown by the Business Tendency Index, which remained above the 50-mark …

In Africa, countries like Egypt, Morocco, Tunisia, South Africa, Ghana, Ethiopia, Kenya, and Rwanda are seeing rapidly growing BPO industries COMMENT | ANGELLA KAKUMIRIZI | Businesses worldwide are increasingly adopting Business Process Outsourcing (BPO) to manage their non-core functions. From customer service roles, such as call centers, to back-office processing that …

The government is already struggling to meet revenue targets due to a slowdown in economic performance ANALYSIS | TIMOTHY NJAGI NJERU | There were early warnings that Kenya’s long rain season – between March and May – was going to bring above-normal rainfall. The extreme intensity of the rain has resulted in devastating …

Following the confirmation of commercial oil and gas production in 2006, the government has enacted and updated various laws and policies to facilitate sustainable development Kampala, Uganda | THE INDEPENDENT | Uganda’s ninth Oil and Gas Convention, which concluded on April.18 in Kampala, highlighted a promising future for the country’s energy …

That’s why Museveni can’t save them from URA COVER STORY | THE INDEPENDENT | “Tax has a negative multiplier to the economy, more so in economies such as ours where the tax system is regressive and accountability is very poor. It has long been proven by economists that people’s incomes, business …