Billions of taxpayer dollars invested in for-profit facilities from Africa to Asia were supposed to improve access to healthcare. But stories of abuses have piled up ANALYSIS | GAVIN FINCH, KENDALL TAGGART & DAVID KOCIENIEWSKI | The 1-year-old was with her pregnant mother at a maternity clinic when the convulsing started. A …
Read More »For poorest economies, next 25 years could prove decisive
Without course correction, 20 of 26 countries would remain poor through 2050 ANALYSIS | AGENCIES | The next 25 years could prove decisive in determining whether the world’s 26 poorest countries progress to middle-income status, a new World Bank analysis shows. Home to more than 40 percent of people struggling on …
Read More »Education Ministry set to secure sh840 Billion from World Bank
Kampala, Uganda | THE INDEPENDENT | Optimism is growing at the Ministry of Education and Sports headquarters at Embassy House that funding of up to UGX 840 billion for its flagship education project will be secured from the World Bank. Sources tell our reporter that these funds, part of the …
Read More »Government launches Results-Based Financing Programme to support clean energy adoption and access
Kampala, Uganda | THE INDEPENDENT | The Government of Uganda through Ministry of Energy and Mineral Development and Energy Credit Capitalisation Company (UECCC) has officially launched its Results-Based Financing/Price Subsidy (RBF) Programme as part of the Electricity Access Scale-up Project (EASP). The launch, which took place on Thursday, December 5, 2024, …
Read More »Equity Group’s James Mwangi joins World Bank advisory council
Washington, DC USA | THE INDEPENDENT | Dr. James Mwangi, the Managing Director and CEO of Equity Group Holdings is among fourteen global leaders that have joined the World Bank Group High-Level Advisory Council on Jobs. This recognizes his dedication and contributions to society that extend beyond the banking sector. “I’m …
Read More »World Bank: Supplementary expenditures eroding credibility of Uganda budget
Kampala, Uganda | THE INDEPENDENT | The World Bank has advised the government to focus on budget discipline this financial year if the fiscal policies are to benefit the citizens and the nation as a whole. The financial year2023/2024 was characterized not only what has been termed non-prioritized spending, but …
Read More »Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The government need to invest more resources in education, health, and social protection to benefit from the demographic dividend Kampala, Uganda | ISAAC KHISA | The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil …
Read More »World Bank: Ugandan govt health facilities worth visiting
Kampala, Uganda | THE INDEPENDENT | The World Bank has given credit to Uganda’s health sector but says the recent slowdown in government allocations might either reverse or stagnate the development. By the end of the year 2022/2023, Uganda’s three-tiered health system had a total of 8,386 public and privately …
Read More »World Bank commends Uganda’s economy performance amidst risks
Kampala, Uganda | THE INDEPENDENT | The World Bank has given Uganda’s economy a positive midterm outlook but forecasts slower growth rates than the government projections. According to the 23rd Edition of the Uganda Economic Update, the economy will grow by 6.2 percent next financial year and improve further to 6.6 …
Read More »‘World Bank grant for women empowerment misallocated’
Kampala, Uganda | THE INDEPENDENT | The Public Accounts Committee (PAC) has raised concerns over the utilisation of a Shs803 billion World Bank grant intended for the Generating Growth Opportunities and Productivity for Women (GROW) Project. According to a report of the Auditor General, despite the grant’s primary goal of supporting …
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