Tag Archives: economy

Why our country remains poor with high unemployment in spite of 28 years of huge expansion in GDP Last week, I spent an entire day at Uganda Bureau of Statistics crunching numbers with the staff on our GPD growth between 1986 and 2014. There is only one route for nations …

The UK is the 9th largest export economy in the world. In 2014, it exported $472 billion and imported $663 billion. The top exports of the UK are cars, gold, crude petroleum, refined petroleum and packaged medicaments. Uganda is not among the UK’s to export destinations which are the United …

Why the story of Rwanda’s economic success keeps being juxtaposed with human rights abuses Last week I was in Kigali, Rwanda, after only two weeks of absence. Driving from the airport to the city, I found two new roundabouts near the new Convention Center complex. On my right was a …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …

Analysts question feasibility of Shs 650m houses in glutted market yet demand is higher for low end accommodation At the beginning of this month, the National Social Security Fund (NSSF) commissioned a large-scale project worth Shs14.5bn to construct a housing estate at Mbuya involving 40 residential houses. This venture puts …

COMMENT: By Joseph Were Great corporation managers know one great thing; they know the difference between what their organisations do and why the organisations exist. Some people know Steve Jobs only for what Apple, the company he founded, does. That it creates, produces, and sells amazing computer and electronic gadgets. …

NBS: By end 2013, reports suggested that government was planning to revive Uganda Airlines. It remained speculative until government confirmed the reports, although without a concrete plan on how this would be done. It now seems that president Museveni wants focus put to this in his latest term. While addressing …

President Yoweri Museveni has set a “business unusual” tone for his new cabinet as he laid out plans on Thursday to ensure Uganda gets to Middle-Income Status Country by 2020. Museveni’s speech at cabinet’s first meeting was titled “strategic objectives and guidelines for the 2016-2021 term” and outlined radical measures …

World Bank shows the way for Uganda to get more from every shilling it invests The World Bank (WB) on June 6 unveiled its 7th Economic Update on Uganda at a ceremony in Kampala. The update, which is a bi-annual assessment of the state of the country’s economy, analyses the …

Is Museveni serious this time? The government is planning to increase public spending in the next financial year but some experts say it is punching above its weight. This could be true since the country is getting low returns on its large infrastructure projects. Since winning his fifth five-year term, …