Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a 40.7 trillion Shillings budget for the financial year 2021/2022. The proposed figure is less of the current budget by 11 trillion Shillings. Parliament initially approved 45.49 trillion Shillings budget for the current financial year which started on …

Kampala, Uganda | THE INDEPENDENT | Payment of taxes by institutions providing education, tourism and agricultural services will be halted until December 31, 2020. The decision is part of the new Tax Procedures Code Amendment Bill, which was passed this evening by the Parliament. Under the Bill, the government sought …

Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …

Kampala, Uganda | THE INDEPENDENT | More Ugandans could drift into poverty unless government comes up with measures to cushion those that have been rendered jobless as a result of COVID-19 pandemic. As the world marks the International Day for the Eradication of Poverty, there are fears that poverty levels in …

A peep into a powerful treatise that people in the free market movement need to ponder over THE LAST WORD | ANDREW M. MWENDA | Few books have gripped me as did Thomas Piketty’s economics blockbuster, Capital in the Twenty First Century. Published in 2015, I took long to read it …

Kampala, Uganda | THE INDEPENDENT | The Commercial Court judgment against Diamond Trust Bank-DTB will have wider repercussions across the entire economy in terms of the cost of credit. On Wednesday, the Head of the Commercial Court, Justice Henry Peter Adonyo ruled that the credit facilities DTB-Kenya offered to local businessman, …

Juba, South Sudan | Xinhua | South Sudan’s government on Friday said it will soon be changing its currency in a bid to shore up its economy following continued depreciation of the pound against the U.S. dollar. Michael Makuei Lueth, Minister of Information and Broadcasting said the decision came after the …

Washington, US | Xinhua | U.S. President Donald Trump said Tuesday that he has asked his administration’s negotiators to withdraw from COVID-19 relief talks with Democrats until after the presidential election in November. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we …

Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Sunday called for addressing non-tariff barriers in order to realize the major aspirations of the African Continental Free Trade Area (AfCFTA) Agreement. “The African continent is about to become the world’s largest free trade area. If not addressed, non-tariff …

New York, US | XINHUA | Wall Street’s major averages climbed modestly in the week as investors focused on news about U.S. President Donald Trump’s positive test for COVID-19 as well as updates of a fresh round of U.S. fiscal stimulus. For the week ending Friday, the Dow added 1.9 percent, …