Five of Africa’s top-performing economies, pre-pandemic, are set to rejoin the world’s top ten fastest-growing economies this year as the continent’s GDP rebounds ANALYSIS | BIRD AGENCY | Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Tanzania are on course to post some of the strongest economic growth rates globally – a …
Read More »Uganda GDP to grow fast in 2023
Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …
Read More »Uganda’s fragile state status
The facts and the controversy Kampala, Uganda | THE INDEPENDENT | A fragile state is not a failed state. It is not one on the brink of conflict, collapse or failure. No. A fragile state is one that is vulnerable. A fragile a state is one that is vulnerable to conflict, …
Read More »The Lee Kuan Yew myth
Why I think Singapore would have transformed even with a less able leader THE LAST WORD | Andrew M. Mwenda | There is a widespread myth that Lee Kuan Yew, the legendary prime minister of Singapore from 1959 to 1990, was singularly responsible for the transformation of that island city-state …
Read More »Uganda’s GDP growth slows to 4.9% as import taxes decelerate – Absa 2022 Q2 Macro-economic analysis report
Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …
Read More »Uganda’s inflation a fetish
Why government policy to control inflation at 5% under whatever circumstances is misguided THE LAST WORD | ANDREW M. MWENDA | A fetish is an inanimate object (like a small stone or wood curving of something like an animal) that is worshipped for its supposed magical powers. That is what …
Read More »Government concealing debt figures: Experts
Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …
Read More »Israel’s GDP grows 8.1 pct in 2021, highest since 2000 – report
Jerusalem, Israel | Xinhua | Israel’s gross domestic product (GDP) increased by 8.1 percent in 2021, the highest annual growth in 21 years, according to a report released by the Israeli Central Bureau of Statistics on Wednesday. The country’s GDP increased by 3.6 percent in 2019, and decreased by 2.2 …
Read More »On 36 years of Museveni
Why his stabilising the political dispensation and sustaining economic growth is important THE LAST WORD | ANDREW M. MWENDA | On January 26, President Yoweri Museveni and NRM will mark 36 years in power. His is third longest serving presidency in Africa today, and one of the longest in the …
Read More »Uganda’s total debt stock rises to UGX 67 Trillion: Central bank
Kampala, Uganda | THE INDEPENDENT | Uganda’s total debt stock grew to 67.4 trillion Shillings by the end of the financial year 2020/21 in June, according to the Bank of Uganda. This shows a debt to GDP ratio of 45.5 percent, in contrast to earlier estimates of almost 50 percent, which …
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