Tag Archives: World Bank

Uganda Digital Acceleration Project will accelerate development of digital solutions, skills and literacy in unserved and underserved regions across the country Kampala, Uganda | THE INDEPENDENT | World Bank has approved 200 million U.S. dollars to finance access to high speed and affordable internet, improve the efficiency of digitally-enabled public service …

Kampala, Uganda | THE INDEPENDENT | A concerned citizen Brian Kasaija has petitioned the High Court seeking an order compelling the government not to repay 175 Million Dollars obtained from the World Bank eight years ago. According to Kasaija, the loan which is equivalent to 647.5 Billion Shillings was obtained illegally by …

Kampala, Uganda | THE INDEPENDENT | The Education Ministry has been faulted for failing to kick-start a World Bank funded project for four years despite the disbursement of funds. The five-year Albertine Region Sustainability Development Project III was designed to upgrade two technical institutions; the Uganda Petroleum Institute Kigumba and Uganda …

Nairobi, Kenya | Xinhua | Sub-Saharan African economies are projected to grow between 2.3 and 3.4 percent in 2021 depending on the policy measures adopted by countries in the region and the international community, the World Bank said in a report released on Wednesday. According to Africa’s Pulse report, the growth …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Environment Beatrice Anywar has sought parliament’s approval of a 286 billion Shillings loan request from the World Bank to restore forests in the country. Anywar presented the loan request before Parliament’s National Economy Committee alongside the Minister of State for …

Kampala, Uganda |  THE INDEPENDENT | The government is in advanced stages to secure 1.4 Trillion Shillings from the World Bank to support the free Electricity Connections Policy (ECP). According to the Minister of Energy and Mineral Development Mary Goretti Kitutu, the money expected to be obtained at the beginning of …

Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …

 Latest Economic Update notes that investments in human capital and youth over the next five years will impact on the country’s prosperity | THE INDEPENDENT | Increasing government spending on health and education over the next five years will enable Uganda to enjoy a demographic dividend that comes with a …

Kampala, Uganda | THE INDEPENDENT | The World Bank spells a gloomy picture of Uganda’s economy this year, urging the government to mind its spending plans and increase the domestic revenue mobilization. The 16th Uganda Economic Update shows that Uganda’s economy will contract by 1 percent in the calendar year 2020, …

Govt to Borrow SH1.4 Trillion to Fast-Track Pledge on Seed Schools, Health Centres Entebbe, Uganda | THE INDEPENDENT | The government is set to borrow over sh1.4 trillion under two separate projects that will see the realization of two long waited pledges of having a public secondary school and health …