Tag Archives: World Bank

Kampala, Uganda | THE INDEPENDENT | The World Bank has warned that the continued under-investment in human capital development is greatly affecting the individual productivity of Ugandans, and will likely stifle the growth trends. According to the 22nd Edition of the World Bank’s Uganda Economic Update, the economy continues to recover …

NAIROBI, KENYA | Xinhua | Kenya’s economy grew 5 percent in 2023, up from 4.8 percent in 2022 despite continued challenges, the World Bank said in a report released recentlyy. According to the World Bank’s 28th edition of Kenya Economic Update (KEU), the improved growth was buoyed by a strong …

Kampala, Uganda | THE INDEPENDENT |  The government has formally approached the World Bank requesting an extension of funding for projects under the Uganda Support for Municipal Infrastructure Development (USMID) program. This request comes after Multiplex Construction Company Limited, the contractor responsible for works in Mbarara City, Ntungamo, and Kabale …

Kampala, Uganda | THE INDEPENDENT | The Ugandan government plans to seek funding from the World Bank to train and equip its artistes with technical skills to meet international standards, the Minister of State for Gender and Culture Affairs, Peace Mutuuzo revealed. Peace Mutuuzo said the government has concluded plans to …

Given cautious welcome as questions linger remain over unfulfilled promises ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September. …

Africa is to gain additional seats on the influential boards of the International Monetary Fund (IMF) and World Bank, elevating the region’s clout in global finance governance. This comes as African nations look to carve out space to act with greater agency and self-determination, both in continental and world affairs. …

Imposing a uniform policy approach on African countries has only worsened crises, limiting their policy space ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-this month. The city and country are still reeling …

  Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has decided to maintain the Central Bank Rate (CBR) at a high 9.5 percent despite further drops in inflation rates in the month of September. The CBR is a tool that the central bank uses to direct the cost …

Nairobi, Kenya | THE INDEPENDENT | The UN Secretary-General, António Guterres has called for urgent reforms at the World Bank and the International Monetary Fund saying their policies are unfair to Africa which is faced with a debt crisis. The UN Chief who was in Nairobi at the high-level Africa Climate Summit said …

A comprehensive and strategic approach to address the concerns raised by the global bank should be developed COMMENT | SIMON M. MUTUNGI | On Aug.08, the World Bank announced that it is halting new loans to Uganda over the country’s controversial Anti-Homosexuality Act (AHA). The United States-based development financier said the …