Tag Archives: World Bank

 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 …

World Bank describes impact on business growth, spending, saving culture. The banking segment is the most visible face of Uganda’s financial sector. So could the bad name it currently carries be hurting individuals and the economy generally? The World Bank Manager in Kampala, Christina Malmberg Calvo, thinks so and she …

Washington, United States | AFP |  Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy …

Christine Lagarde says government need to focus on reducing inequality The International Monetary Fund Managing Director Christine Lagarde on Jan. 27 found herself on the defensive as the audience sought for the global fund’s roles on Uganda’s development. This was during a public lecture held at the Kampala Serena Conference …

As a way of improving the country’s ability to provide reproductive, maternal and child health services, the Ministry of Health has tabled before Parliament a proposal to borrow $110m (390bn) from the International Development Association, an arm of the World Bank. Dr Jane Aceng, Minister for Health while appearing before …

African companies to bid for contracts around the world Public procurement is fast becoming big business in Africa. It accounts for almost a third of the gross domestic product (GDP) in poor countries and up to 15% in developed countries, writes David Hamam In some countries, the share of public …

  The World Bank’s Board of Executive Directors met on Nov.22, discussed and upheld the decision to suspend the $265m Uganda Transport Sector Development Project (TSDP), a transport sector development initiative following an investigation carried out on one project (the Fort Portal-Kamwenge Road) by the Inspection Panel— the Bank’s internal …

Better business climate Uganda’s ranking in the 2017 World Bank’s Ease of Doing Business has improved by seven places, a development that shows that ongoing business environment reforms being implemented by the government are starting to bear fruit. Uganda now ranks 115th out of the 190 assessed economies, which is …

Washington, United States | AFP |  World economic leaders gathered in Washington this week to defend globalization, delivering a single message in unison: Protectionism will not save you. But this glosses over the plight of Africa, which is sinking further into poverty despite years of free trade. According to the …