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 …
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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 …
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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 …
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Kampala, Uganda | THE INDEPENDENT | During September, Uganda’s private sector saw an increase in employment and purchasing activity as demand conditions remained favorable, resulting from the continued growth of new orders and enhanced business activity. The monthly headline Stanbic Purchasing Managers Index (PMI) rose to 52.9 in September, up from …
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Beijing, China | Xinhua | China’s top economic planner on Wednesday said that positive factors concerning China’s economy are accumulating and that China naysayers will be disappointed yet again. As existing and incremental policies take synergistic effect, China’s economy will rebound and sustain a long-term upward momentum, Cong Liang, deputy …
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Why geopolitics and not protectionism should be the worry for the future health of the world economy COMMENT | DANI RODRIK | “The era of free trade seems to be over. How will the world economy fare under protectionism?” This is one of the most common questions I hear nowadays. But …
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Why those who optimally mix what AIs and humans each can do best will be champions in the new economy COMMENT | JAMIE METZL | Everywhere we look nowadays, we find warnings that artificial-intelligence algorithms are coming for our jobs. While Goldman Sachs estimates that two-thirds of all current jobs in …
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Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …
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New Delhi, India | Xinhua | The Group of 20 (G20) should refocus on improving global economic governance and tackling development issues to boost confidence in the world’s economic recovery, said experts, as the G20 summit kicks off in New Delhi on Saturday. The experts said that leaders of the world’s …
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Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …
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The Independent Uganda: You get the Truth we Pay the Price