Tag Archives: economy

Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, …

  KHARTOUM, SUDAN | Xinhua | As the Sudanese people expected to see an end to the years-long instability in 2023 to avoid an economic collapse in the country, Sudan slid into a deadly military conflict in April that has been ongoing till now. HEAVY TOLL ON CIVILIANS On April …

FRANKFURT, GERMANY | Xinhua | As German companies are getting increasingly dissatisfied with their status quo, their scepticism over business prospects for the first half of 2024 has grown. The Ifo Business Climate Index, which measures entrepreneurs’ sentiments about the current business situation and their expectations for the next six …

NAIROBI, KENYA | Xinhua | Kenya’s economy grew 5 percent in 2023, up from 4.8 percent in 2022 despite continued challenges, the World Bank said in a report released recentlyy. According to the World Bank’s 28th edition of Kenya Economic Update (KEU), the improved growth was buoyed by a strong …

NANCHANG | Xinhua | Despite external pressure and internal difficulties, China’s economy has achieved a recovery and made solid progress in high-quality development in 2023, noted the annual Central Economic Work Conference held last week. Among various factors propelling growth, consumer spending is playing an increasingly important role, accounting for …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic indicators spell better conditions for the private sector and business compared to other countries in the region, according to an expert study, the Africa Trade Barometer (ATB). Uganda’s overall macroeconomic conditions are “average with a slight positive outlook relative to the other countries …

The economy is now projected to grow in the range of 5-6% in the Financial Year 2023/24 riding on continued economic recovery and the developments in the oil and gas Kampala, Uganda | ISAAC KHISA | Uganda’s economy grew faster in the last financial year than previously anticipated a good sign …

We are not interested in selling raw material, say delegates Cape Town, South Africa | THE INDEPENDENT | A high-level panel at Critical Minerals Africa Summit 2023 has identified key factors shaping the future critical minerals market and how Africa can position itself as a global hub. The Critical Minerals Africa …

African governments say delay in enforcing the MLC hampers their revenue collection targets Kampala, Uganda | RONALD MUSOKE | Following the recent publication of an international treaty that seeks to make global tech giants and other large multinational corporations pay more tax where they do business, the Organisation for Economic Cooperation …

Kampala, Uganda | THE INDEPENDENT |  The Ugandan banking sector registered a growth of 8.4 percent in assets over the last financial year leveraging the high inflation that saw private sector borrowing slow down. The resilience of the sector also came amidst weak economic growth prospects and elevated geopolitical tensions …