Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …
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New York, U.S. | Xinhua | Wall Street’s major averages advanced in the first trading week of the new year as investors shrugged off the turmoil in Washington and a weaker-than-expected December U.S. employment report. All the three major indexes finished higher on Friday after achieving their respective milestones in the …
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Washington, US | XINHUA | China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …
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Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom has called for the integration of the national plans to ensure that protection of the environment is considered alongside different strategies. “How have we planned for the growing number of youthful people who need work and get money?” the Katikkiro of Buganda Charles …
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Addis Ababa , Ethiopia | Xinhua | The African Continental Free Trade Area (AfCFTA) Agreement can potentially position African economies stronger in the face of future global shocks such as the ongoing COVID-19 pandemic, a senior United Nations trade policy expert said on Wednesday. Speaking exclusively to Xinhua, David Luke, Coordinator …
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Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …
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How coronavirus turned Uganda’s economy upside down Kampala, Uganda | JULIUS BUSINGE | 2020 has been a bad year for the economy. Growth opportunities have been hampered by the spread of COVID-19 and nationwide lockdown measures which led to closure of businesses and general decline in demand for goods. Jobs …
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Washington, U.S. | Xinhua | The 900-billion-U.S.-dollar relief plan is up in the air over Christmas after House Republicans rejected President Donald Trump’s demand to raise direct payments to Americans. Republicans in the U.S. House of Representatives on Thursday blocked an attempt from House Democrats to raise the bill’s 600-dollar direct …
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Kampala, Uganda | THE INDEPENDENT | The Kenyan government has agreed to let in 90,000 metric tonnes of Ugandan sugar into its market annually, following a meeting between the two countries officials. The revelation was made by the Deputy Secretary to the Treasury, Patrick Ocailap as he briefed President Yoweri Museveni …
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