Tag Archives: economy

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 …

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 …

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 …

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 …