BEIRUT, LEBANON | Xinhua | Lebanese Finance Minister Yassine Jaber on Tuesday signed a 250 million U.S.-dollar loan agreement with the World Bank to support reconstruction of infrastructure damaged in recent Israeli attacks, the Finance Ministry said in a statement. The deal will establish a fund to rebuild essential infrastructure, …
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NEWS ANALYSIS | IAN KATUSIIME | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda effective August 1, 2025. She will lead a country portfolio currently worth $4.5 billion, which includes 18 active projects that cover sectors ranging from energy access …
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Entebbe, Uganda | THE INDEPENDENT | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda, effective August 1, 2025. She replaces Mukami Kariuki, who has completed her four-year tour of duty. Akala will lead a country portfolio currently worth $4.5 billion, …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy reportedly loses billions of dollars annually due to reduced productivity, according to various reports. A major contributor to this loss is traffic congestion. A World Bank report estimates that at least US$800 million—equivalent to nearly 3 trillion Ugandan Shillings—is lost each year as commuters …
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Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …
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Kampala, Uganda | THE INDEPENDENT | Districts across Uganda are struggling to scale up the uptake of the micro-scale irrigation programme as the deadline for absorbing the World Bank-funded grant approaches. Implemented under the Uganda Intergovernmental Fiscal Transfer (UgIFT) programme, the micro-scale irrigation initiative supports farmers with up to 2.5 acres …
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Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …
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Hoima, Uganda | THE INDEPENDENT | The Ministry of Lands, Housing and Urban Development is set to avail 10,000 land titles to Hoima residents at a reduced cost to combat the escalating land-grabbing cases in the district. The project that is funded by the World Bank will benefit residents in …
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KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Education and Sports is set to receive a major financial boost worth US$324.8 million (approx. 1.19 trillion shillings) under the Uganda Learning Acceleration Program- ULEARN Project, following renewed support from the Global Partnership for Education (GPE) and the World Bank. The …
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But the economy is expected to rebound in the subsequent year if oil exports resume, offering a potential path to recovery. Juba, South Sudan | THE INDEPENDENT | Oil rich South Sudan’s economy is projected to contract by 30% in the Financial Year 2024/25 that ends in June due to disruptions …
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The Independent Uganda: You get the Truth we Pay the Price
