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 …
Read More »The garbage, sewerage, and planning challenge to Uganda’s new cities
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 …
Read More »COVID-19: Remittance flows to shrink by 14%
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 …
Read More »World Bank gives Uganda UGX 1 Trillion for social services
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 …
Read More »Uganda gets UGX 480 billion grant from World Bank for infrastructure
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 …
Read More »Kwania district receives UGX 1.7 Bn to upgrade two health centres
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 …
Read More »China accelerates reforms in improving business environment: World Bank
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 …
Read More »Free trade area could boost Africa’s income by 450 bln USD: World Bank
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 …
Read More »World Bank approves UGX 554Bn to support secondary education in Uganda
Kampala, Uganda | THE INDEPENDENT | The World Bank has approved a fund of $150 million (approximately 554 billion shillings) to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments. The project dubbed Uganda Secondary Education Expansion Project- USEEP is financed by an International …
Read More »World Bank chief urges G20 to extend debt suspension through 2021
Kampala, Uganda | XINHUA | World Bank Group President David Malpass on Saturday urged the Group of 20 (G20) countries to extend the time frame of the Debt Service Suspension Initiative through the end of 2021, calling it one of the key factors in strengthening global recovery. “I urge you …
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