Tag Archives: World Bank

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 …

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 …

Uganda Digital Acceleration Project will accelerate development of digital solutions, skills and literacy in unserved and underserved regions across the country Kampala, Uganda | THE INDEPENDENT | World Bank has approved 200 million U.S. dollars to finance access to high speed and affordable internet, improve the efficiency of digitally-enabled public service …

Kampala, Uganda | THE INDEPENDENT | A concerned citizen Brian Kasaija has petitioned the High Court seeking an order compelling the government not to repay 175 Million Dollars obtained from the World Bank eight years ago. According to Kasaija, the loan which is equivalent to 647.5 Billion Shillings was obtained illegally by …

Kampala, Uganda | THE INDEPENDENT | The Education Ministry has been faulted for failing to kick-start a World Bank funded project for four years despite the disbursement of funds. The five-year Albertine Region Sustainability Development Project III was designed to upgrade two technical institutions; the Uganda Petroleum Institute Kigumba and Uganda …

Nairobi, Kenya | Xinhua | Sub-Saharan African economies are projected to grow between 2.3 and 3.4 percent in 2021 depending on the policy measures adopted by countries in the region and the international community, the World Bank said in a report released on Wednesday. According to Africa’s Pulse report, the growth …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Environment Beatrice Anywar has sought parliament’s approval of a 286 billion Shillings loan request from the World Bank to restore forests in the country. Anywar presented the loan request before Parliament’s National Economy Committee alongside the Minister of State for …

Kampala, Uganda |  THE INDEPENDENT | The government is in advanced stages to secure 1.4 Trillion Shillings from the World Bank to support the free Electricity Connections Policy (ECP). According to the Minister of Energy and Mineral Development Mary Goretti Kitutu, the money expected to be obtained at the beginning of …

Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …

 Latest Economic Update notes that investments in human capital and youth over the next five years will impact on the country’s prosperity | THE INDEPENDENT | Increasing government spending on health and education over the next five years will enable Uganda to enjoy a demographic dividend that comes with a …