Tag Archives: economy

President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …

Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …

The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …

Kampala, Uganda| PWATCH UG|  Pres­i­dent Yow­eri Mu­sev­eni has dur­ing the State of the Na­tion Ad­dress on Tuesday out­lined five key is­sues as ma­jor dri­vers to­wards eco­nomic sta­bil­ity for the coun­try. The five is­sues in­clude, “peace, de­vel­op­ment of the in­fra­struc­ture and the hu­man re­source; wealth cre­ation, job cre­ation, and mar­ket ac­cess.” …

In fulfillment of the constitutional requirement under Article101 (1) of the Constitution of the Republic of Uganda,  President Yoweri Museveni on Tuesday delivered the State of the Nation Address, 2017. The president mainly gave accountability on particular government commitments and  appraised the country of the plans and strategies for the …

Johannesburg, South Africa | AFP | South Africa’s economy unexpectedly contracted in the first quarter of this year, pushing the continent’s most advanced economy into its first recession since 2009, according to official statistics released Tuesday. The data, which also showed unemployment hitting a 14-year high, are expected to pile more …

Kampala, Uganda| CSBAG|  Every time a government official comes out to explain why the economy is poorly performing, they cite external and natural factors. These range from slow growth in China, to fall in commodity prices, tight financing conditions in Europe, and geo-political events such as Brexit and U.S politics. …

Pretoria, South Africa| Jakkie CILLIERS | ISS TODAY|  As part of the ‘Africa rising’ narrative, much has been made of the continent’s growth story. The global recession of 2007/8 hit Africa hard, but it remained remarkably resilient, with growth forecast to 2030 at around 1.3% faster than average growth rates …

Washington, United States | AFP | The World Bank is keeping its forecast for global growth in 2017 unchanged, because for the first time in years, no new risks have arisen to threaten the outlook. “Over the past four years this is the first time we didn’t have a downgrade …

  Budget provided biggest share of Sh4.6 trillion to the works and transport sector representing 21%. The Sh29 trillion national budget approved by Uganda’s Parliament on Wednesday provides its biggest share to the works and transport sector  with an allocation of sh4.6 trillion representing 21%. While presenting the financial year …