Nairobi, Kenya | Xinhua | Large-scale adoption of hydroponic and insect farming in Africa could be the answer to the continent’s hunger, poverty and ecological crisis, the World Bank said in a report launched in Nairobi on Wednesday. The report titled “Insect and Hydroponic Farming in Africa: The New …
Read More »Not yet time for Uganda’s lower-middle-income status
World Bank urges a more gender inclusive recovery at latest economic update Kampala, Uganda | ISAAC KHISA | Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, …
Read More »World Bank projects sub-Saharan Africa’s economy to expand by 3.3% in 2021
Nairobi, Kenya | Xinhua | Sub-Saharan Africa’s economy is expected to expand by 3.3 percent in 2021 after a contraction of 2 percent in 2020, the World Bank said on Wednesday. According to analysis in the Pulse, the World Bank’s twice-yearly economic update for the region, the economic recovery will …
Read More »Corruption at the World Bank
But if it can’t rank business friendly countries, who can? COVERY STORY | THE INDEPENDENT | Since the World Bank announced it has decided to abandon its flagship “Doing Business” series after several internal audits and the publication of a damning investigation, debate has raged over the way forward. The …
Read More »IN THE INDEPENDENT: Corruption at the World Bank
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …
Read More »Universities to get high speed internet
World Bank and Knowledge Consulting Ltd hatch $52bn plan | THE INDEPENDENT | Ugandan universities and other post-secondary education institutions could get hooked on the high-speed internet while some students and teachers get free laptops under a proposed plan by the World Bank and Knowledge Consulting Ltd. The ambitious Africa …
Read More »Uganda gets new World Bank Country Manager
Kampala, Uganda | Ronald Musoke | Rosemary Mukami Kariuki has taken over from Tony Thompson as the World Bank Country Manager for Uganda effective Aug.01. According to a statement from the World Bank, Kariuki, a Kenyan national will now lead an active portfolio which, at the moment, stands at US$3.9 bn …
Read More »World Bank: Uganda can achieve inclusive growth by investing in climate-smart agriculture
The report says macroeconomic recovery and stimulus packages must be combined with measures that will spur a green, resilient, and inclusive growth Kampala, Uganda | THE INDEPENDENT | In Central Uganda, school children in Kisubi are learning about fish farming and integrated aquaculture, which help to reduce pressure on dwindling …
Read More »World Bank, AU join hands to deploy vaccines for 400 mln Africans
The World Bank (WB) and the African Union (AU)’s COVID-19 Africa Vaccine Acquisition Task Team (AVATT) on Monday announced a decision to work together to deploy vaccines for 400 million Africans. This came after the president of the World Bank, David Malpass, met with the AVATT to discuss ways to …
Read More »World Bank calls for green growth in Uganda despite effects of COVID-19
Kampala, Uganda | THE INDEPENDENT | World Bank in its new report has urged Uganda to promote green growth to beat the economic vulnerabilities caused by the devastating impact of the ongoing COVID-19 pandemic. The bank in its 17th Uganda Economic Update, published on Tuesday, said lockdown measures pushed many businesses …
Read More »