Tag Archives: economy

Washington, U.S. | Xinhua | The 1.9 trillion U.S. dollar stimulus U.S. President Joe Biden signed into law recently is expected to trigger a robust economic rebound, but some inflation may be on the horizon, economists said. This comes a year after the U.S. economy took a nosedive off a cliff …

Kampala, Uganda | THE INDEPENDENT | The growth of Uganda’s economy in the short term is threatened by the effects of the COVID-19 pandemic, the hovering threat of the desert locusts in the region as well as uncertain weather conditions. The Bank of Uganda expects the economy to grow by at …

Businesses and consumers that went digital helped mitigate the economic downturn caused by the pandemic Kampala, Uganda | THE INDEPENDENT | Amid slowing economic activity, Covid-19 led to a surge in e-commerce and accelerated digital transformation. As lockdowns became the new normal, businesses and consumers increasingly went digital, providing and purchasing …

Kampala, Uganda | Julius Businge | Any effort geared towards supporting businesses is highly needed at this time for the economy to fast recover from the COVID-19 crisis. A group of civil society organisations under their umbrella body, Civil Society Budget Advocacy Group (CSBAG) has listed challenges women face in business …

Kenya last year banned dairy imports from Uganda citing complaints by Kenyan farmers over the influx of Ugandan milk which was being priced lower than the one produced in their home country Kampala, Uganda | Julius Businge | Traders and civil society organisations in Uganda are urging the government of Kenya …

Biden’s massive stimulus could set off inflationary pressures of a kind not seen in a generation Washington, U.S. | Xinhua | Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of …

Kampala, Uganda | THE INDEPENDENT | Auditor General John Muwanga says that Uganda’s high cost of borrowing may deny future generations the opportunity to sustainably borrow. This is carried in his findings on the public debt in the financial year 2019/2020 audit report that he presented to Speaker Rebecca Kadaga on …

WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Geneva, Switzerland | Xinhua | One week into her new job as the seventh director-general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala’s appointment as head …

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

Debt repayment and payment of interest should be channeled from tax revenues Kampala, Uganda | THE INDEPENDENT | The government remains adamant about the debt burden on the country despite now having exceeded the dreaded level of 50% of the value of the economy (GDP), according to the latest records. The …