Tag Archives: World Bank

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 …

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 …

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 …

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 …

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 …

African countries pay interest rates eight times higher than those of the typical World Bank loan COMMENT | WILLIAM RUTO | Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on …

Wakiso, Uganda | THE INDEPENDENT | Women have another cause to smile as the World Bank moves to facilitate those in business to help them leap to another level. The US $ 217 million (about Ug shs 900billion) five-year GROW Project will among other things skill women engaged in business before …

Addis Ababa, Ethiopia | THE INDEPENDENT | The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed …

However, the growth is insufficient to have a significant effect on poverty reduction ANALYSIS | AGENCIES | Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating …

SPECIAL REPORT | THE INDEPENDENT | African economies are projected to grow by 3.4 percent this year, according to the World Bank report, which rues the inability of these growth rates to eradicate poverty. The growth is deemed impressive, considering that last year, the economies grew at just 2.2 percent, however, …