Tag Archives: GDP

The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …

  THE LAST WORD: By Andrew M. Mwenda  How politics, not the drought, explains the current famine our country is experiencing According a report by the government of Uganda last week nearly 11 million people in this country do not have enough food to eat. I have concerns with the …

COMMENT: By Jim O’Neill Globalisation’s critics – those wrongly considering it a zero-sum game –won’t fight global poverty I was recently in beautiful Chile for a Futures Congress, and I had a chance to travel south to the very tip of Latin America. I also recently made a BBC radio …

COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …

THE LAST WORD: By Andrew M. Mwenda Don’t judge Uganda by where it is but by the speed at which it is growing I have been arguing that Uganda’s economy has been growing at an impressive rate over the last 30 years. Many readers have written to me saying that …

COMMENT: By Koichi Hamada These old fiscal theories are like old wine in a new bottle, it often rewards those who are willing to taste it  In the fourth century, Japan’s emperor looked out from a small mountain near his palace and noticed that something was missing: smoke rising from …

COMMENT: By Moono Mupotola Experts confirm potential of the Programme for Infrastructure Development in African (PIDA) to contribute jobs and GDP growth When the Lamu Port, South Sudan, Ethiopia Transport Corridor Project (LAPSSET) won the prestigious Global Infrastructure Leadership Forum Award in Washington DC on March 10, 2016, the project …

Non-performing loans more than doubles to 7.7 %, Crane Bank sinks As 2016 comes to an end, it is clear that it has been a year in which the banking industry choked on surging losses on the back of bad loans. One of the biggest banks; Crane Bank, suffered a …

COMMENT: By Geoffrey A Onegi-Obel The capital markets industry offers solutions for the country’s middle income economy challenge There has recently been an endless flow of ‘brilliant’ opinions about the way forward for Uganda’s ailing economy but none has so far had clarity that demonstrates understanding of the Economic Development …

URA at 25: Experts salute URA but warn of a mountain to climb to lift tax:GDP ratio from miserable 12% On September 20, Uganda Revenue Authority (URA) across the country replaced their shirts and tops with T-shirts inscribed with the words: “Believe there is good in the world” and headed …