Kampala, Uganda | THE INDEPENDENT | The amount of money migrant workers send home is projected to decline by 14 per cent compared to the pre-COVID-19 levels, according to the latest estimates published in the World Bank’s Migration and Development Brief. Remittance flows to low and middle-income countries are projected …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) predicts a significant decline in both Foreign Direct Investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors due to the economic crisis induced by the COVID-19 pandemic and shutdown. The value of planned FDI …
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Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …
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Kampala, Uganda | THE INDEPENDENT | The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors. Prof. Benedict Oramah, the bank’s president, said during the opening of the Financing …
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What experts think is important in regard to president’s message Kampala, Uganda | JULIUS BUSINGE | Gideon Badagawa, the executive director at the Private Sector Foundation Uganda (PSFU), says President Yoweri Museveni’s New Year speech with regard to value addition was well-intentioned. “The concentration of the speech on value addition …
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Why our continent’s faith in foreign direct investment as a solution to our poverty is a pipedream THE LAST WORD | Andrew M. Mwenda | Many presidents in Africa believe the development of our nations will come from Foreign Direct Investment (FDI). If a “foreign investor” – most especially a white man …
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THE LAST WORD: How Africa’s obsession with ‘governance’ issues is too much ado over little or nothing THE LAST WORD | Andrew M. Mwenda | Let me articulate a heresy: the argument that Africa’s failure to prosper economically is fundamentally due to “governance” i.e. that our leaders are greedy, selfish, …
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Investors demand information on business opportunities Kampala, Uganda |Ian Katusiime| Since her appointment in April, Jolly Kaguhangire, the new executive director of Uganda Investment Authority (UIA) has been in discussions with business people and government officials on how to make the country a globally competitive destination for investment. She has …
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By Susan Babijja The Rwanda Development Board (RDB) and Rwanda’s National Agricultural Export Development Board (NAEB) have held a roundtable on investment opportunities in floriculture in the country. Hosting the event was supported by the World Bank Group’s Rwanda Investment Climate Program. The roundtable aimed at highlighting the investment opportunities …
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Why we need to think of how to develop national capacity to manage our economy By Andrew M. Mwenda Uganda is going through the worst economic performance since 1987 when the government of President Yoweri Museveni began liberal economic reform. In the first quarter of this financial year, the …
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