Tag Archives: World Bank

Deal signed with World Bank Kampala, Uganda | THE INDEPENDENT | The World Bank Group and the Government of Rwanda have signed a $125 million Financing Agreement for the First Programmatic Energy Sector Development Policy operation. is a concessional loan designed to boost companies in involved in the energy generation sector under …

By ignoring poor people’s needs, financial institutions are overlooking a massive potential market COMMENT | REETA ROY | In a sea of gloomy news, one bright headline appears on the horizon. The World Bank’s latest figures on individuals’ bank accounts, to be released early next year, are expected to show that …

Hike in trade licence fees and tedious property transfer blamed Kampala, Uganda | ISAAC KHISA | Uganda has slid back in the World Bank’s Ease of Doing Business ranking dropping seven places to 122 out of 190 economies. It is the sixth time in seven years that the East African nation …

Kampala, Uganda | THE INDEPENDENT | Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing United States shale oil production, according to the World Bank’s Senior Economist John Baffes. …

VIDEO: Uganda falls seven steps down in business index Kampala, Uganda | NTV UGANDA | Development partners are puzzled at Uganda’s dismal performance in the just-released Ease on Doing Business Report 2018. Authored by the World Bank annually, Uganda fell back 7 places from position 115 to 122, leaving businesses with …

Museveni finally commissions Fort Portal—Kamwenge road Kampala, Uganda | RONALD MUSOKE | On Sept. 7, President Yoweri Museveni finally commissioned the 66km Fort Portal—Kamwenge road, almost 18 months after it was expected to be completed. The class two tarmac road which runs from Kamwenge District to Fort Portal town in Kabarole …

World Bank upbeat about economy | Says Public Private Partnerships on large projects could spur economy Kampala, Uganda | IAN KATUSIIME | The Uganda economy could grow at a rate of 5.2% during the current Financial Year 2017/18, according to the latest World Bank update released on July 25. That …

After the Rwanda Convention Bureau was established, visitors for conferences nearly doubled from 17,950 to 35,100 and revenue from MICE events increased from US$29.6 million in 2014 to US$47 million in 2016. Washington, US | THE WORLD BANK |  Rwanda is shaping up as one of East Africa’s premier business tourism …

 Kampala, Uganda | JULIUS BUSINGE |  The World Bank’s Board of Executive Directors has approved a US$40 million equivalent IDA credit to Uganda for strengthening social risk management and gender-based violence (GBV) prevention and response project, it said in a press release dated June 22. The bank said that this credit …

Historic ground breaking ceremony completed for Rusumo dam to serve Burundi, Rwanda and Tanzania Tanzania, Rwanda and Burundi have launched the construction activities of the regional Rusumo Falls Hydroelectric Project in Ngara, Tanzania. The project, first conceived two decades back, will when completed deliver a shared hydropower plant with installed capacity …