Kampala, Uganda | THE INDEPENDENT | The World Bank has given credit to Uganda’s health sector but says the recent slowdown in government allocations might either reverse or stagnate the development. By the end of the year 2022/2023, Uganda’s three-tiered health system had a total of 8,386 public and privately …
Read More »
Kampala, Uganda | THE INDEPENDENT | The World Bank has given Uganda’s economy a positive midterm outlook but forecasts slower growth rates than the government projections. According to the 23rd Edition of the Uganda Economic Update, the economy will grow by 6.2 percent next financial year and improve further to 6.6 …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Public Accounts Committee (PAC) has raised concerns over the utilisation of a Shs803 billion World Bank grant intended for the Generating Growth Opportunities and Productivity for Women (GROW) Project. According to a report of the Auditor General, despite the grant’s primary goal of supporting …
Read More »
African countries pay interest rates eight times higher than those of the typical World Bank loan COMMENT | WILLIAM RUTO | Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on …
Read More »
Wakiso, Uganda | THE INDEPENDENT | Women have another cause to smile as the World Bank moves to facilitate those in business to help them leap to another level. The US $ 217 million (about Ug shs 900billion) five-year GROW Project will among other things skill women engaged in business before …
Read More »
Addis Ababa, Ethiopia | THE INDEPENDENT | The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed …
Read More »
However, the growth is insufficient to have a significant effect on poverty reduction ANALYSIS | AGENCIES | Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating …
Read More »
SPECIAL REPORT | THE INDEPENDENT | African economies are projected to grow by 3.4 percent this year, according to the World Bank report, which rues the inability of these growth rates to eradicate poverty. The growth is deemed impressive, considering that last year, the economies grew at just 2.2 percent, however, …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Financial Action Task Force (FATF) – the global anti-money laundering watchdog— estimates that environmental crime is one of the most profitable criminal enterprises, generating around USD 110 to 281 billion in criminal gains each year; however, its latest figures suggest that less than 1 …
Read More »
Country vulnerability indices should be multidimensional, adaptable, and emphasise challenges COMMENT | PATRICK GUILLAUMONT | Last October, at the Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund in Marrakesh, member countries emphasised the urgency of scaling up development finance. In recent years, an extraordinary confluence of …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
