Tag Archives: World Bank

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 …

Kampala, Uganda |  THE INDEPENDENT |  The African Union has a commitment of USD 5 billion promised by the World Bank and other donors, out of the USD 12 billion that African countries need to access the coming COVID-19 vaccine. This revelation was made at a teleconference meeting convened Tuesday …

Kampala, Uganda |  THE INDEPENDENT |   Uganda’s newly established cities need to plan and manage settlements to avoid the same pitfalls that befell Kampala, the Capital City. Government in July inaugurated seven new ‘cities’ by elevating former municipalities of Arua, Gulu, Mbale, Jinja, Masaka, Mbarara, and Fort Portal to city …

Kampala, Uganda |  THE INDEPENDENT |  The amount of money migrant workers send home is projected to decline by 14 per cent  compared to the pre-COVID-19 levels, according to the latest estimates published in the World Bank’s Migration and Development Brief.    Remittance flows to low and middle-income countries are projected …

Kampala, Uganda | THE INDEPENDENT | Uganda has secured a financing package of about 1.1 Trillion Shillings from the World Bank improve service delivery in local governments. This is additional funding to the 200 billion dollars received under the Uganda Intergovernmental Fiscal Transfers Program for Results,(UgIFT), to boost service delivery …

Kampala, Uganda | THE INDEPENDENT | The World Bank has approved a grant of USD 130.8 million (484 billion Shillings), to ease the movement of goods and people in refugee-hosting districts in the West Nile sub-region of Uganda. The funds got from the International Development Agency, IDA will also help and …

Kwania, Uganda | THE INDEPENDENT | Kwania district has received 1.7 billion Shillings from the World Bank for the refurbishment and upgrade of two health center II’s to HCIII’s, under the Intergovernmental Fiscal Transfer Program for Results- IFTPR. The beneficiary health centres include Akali HCII in the newly created Akali sub-county …

Beijing, China | XINHUA | China’s recent acceleration in business reforms has helped the country become the top reformer among large economies, according to a report issued by the World Bank. Figures presented in the Doing Business 2020 report, the latest in a series of annual reports by the World …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …