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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Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the State Minister for Finance, Planning and Economic Development says the country has now fully overcome the effects of the global and local shocks to the economy that happened over the last three to four years and is now on its desired …
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Currently, close to 600 million Africans lack electricity, a critical resource for economic development ANALYSIS | RONALD MUSOKE | The World Bank and the African Development Bank (AfDB) have pledged US$50 billion to provide electricity access to nearly 300 million Africans over the next five years, through an initiative known as “Mission …
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price
