Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Central Bank has challenged the Ministry of Finance, Planning and Economic Development against the current high rates of borrowing, saying they are putting the country and the economy at risk. The national debt burden is currently estimated at UGX 64 trillion as of December …

Kampala, Uganda | THE INDEPENDENT | World Bank in its new report has urged Uganda to promote green growth to beat the economic vulnerabilities caused by the devastating impact of the ongoing COVID-19 pandemic. The bank in its 17th Uganda Economic Update, published on Tuesday, said lockdown measures pushed many businesses …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) revenue collection targets for the next three years are far from achievable, with the tax body facing several challenges according to officials. This is a repeat of what has been happening for most of the previous short and midterm strategies …

Kampala, Uganda | THE INDEPENDENT | This year as the 2021-22 financial year starts, Uganda Revenue Authority (URA) marks 30 years since its creation, as part of the 1991 reforms which were aimed at improving government revenue collection. The tax body with Edward Larbi Siaw as the first commissioner general, collected …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have said they want President Yoweri Kaguta Museveni to assure Ugandans on the security in the country following the attack on General Katumba Wamala. On Tuesday, suspected assailants attacked former Works Minister Gen. Katumba Wamala at Kisota road in Kisaasi, killing his …

Biden is proposing a massive package of around 4.1 trillion dollars Washington, U.S. | Xinhua | U.S. President Joe Biden intends to pass two spending plans worth over 4 trillion U.S. dollars, but Republicans are blasting the package as wasteful and overpriced. Biden is proposing a massive package that includes infrastructure and …

Kampala, Uganda | THE INDEPENDENT | The Uganda economy is projected to grow by 3.1 percent this financial year, according to the Ministry of Finance, Planning and Economic Development. Before the outbreak of COVID-19, the government had projected the economy to grow by 6.3 percent, but this was disrupted when Uganda and …

✅ Population 1.41178 billion, up by 5.38% ✅ Annual growth rate of 0.53% ✅ Urban residents up to 63.89% ✅ Gender ratio falls to 105.07 ✅ People aged 60 or above 18.7% ✅ Average age of the Chinese 38.8yrs ✅ working-age 16-59, 880 million China has maintained population growth over …

Kampala, Uganda | THE INDEPENDENT | The government has drawn a plan that it hopes will increase the level of industrialization to 31.7% of the value of the Ugandan economy (GDP) in the next 10 years up from the current 27% recorded in 2018/2019. The new National Industrial Plan, it is hoped …

Ugandan private companies post successive rise in business activity during March ✳ Key findings ➡ Rising new orders support further output growth ➡ Firms optimistic of further increases in coming months ➡ Higher purchase prices recorded Kampala, Uganda | THE INDEPENDENT | There are signs that the Ugandan economy is gradually …