China
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Finance & Banking
Egypt acquires equity in BRICS New Development Bank
CAIRO-One of Africa’s economic powerhouses, Egypt recently took an equity in the BRICS New Development Bank [NDB], weeks after President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day…
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Market Information
Uganda’s January 2023 exports jump 8.8 percent
KAMPALA – The value of Uganda’s exports in January 2023 rose by about 8.8 percent to US$ 404.46 million from US$ 371.81mln registered the previous month, mostly due to higher receipts for…
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Cooperatives & Communities
Tororo coffee farmers receive farm tools, urged to form cooperatives
TORORO-Coffee farmers in Tororo district have a reason to smile after receiving tools from government to help in the pruning of coffee trees. Government through Uganda Coffee Development Authority [UCDA] procured tools…
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Agriculture
Chief Whip Obua on campaign to extend coffee growing in Lango Sub-region
ALEBTONG – At least 300 farmers in Alebtong district are to be mobilised to embrace coffee growing in a move to extend the production of the perennial crop in Lango Sub-region, according…
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International
Debt-service payments put biggest squeeze on poor countries since 2000-World Bank
KAMPALA-The poorest countries eligible to borrow from the World Bank’s International Development Association [IDA] now spend over a tenth of their export revenues to service their long-term public and publicly guaranteed external…
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Africa
High inflation: World Bank advises African gov’ts to restore macro-economic stability and protect the poor
WASHINGTON-Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction. The risk of stagflation comes at a time when high interest rates…
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Development
Fort Portal City risks missing out on more USMID funds
FORT PORTAL -Fort Portal City could miss out on the third phase of the World Bank-funded Uganda Support to Municipal Infrastructure Development Project [ USMID ] funding due to the slow process…
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Development
Global economic recovery slows as risks bite in 2022
LONDON- The global economic recovery is slowing as elevated commodity prices, weakened economic sentiment, and rapid tightening of global rates take their toll, according to Dennis Shen, Director of Sovereign and Public…
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Cooperatives & Communities
Ariel Guarco retains ICA presidency
SEVILLE– The members of the International Cooperative Alliance [ICA] have renewed the mandate of Ariel Guarco for the next four years. From a total of 779 total votes, Guarco has been re-elected…
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Cooperatives & Communities
The end of China’s runaway growth
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work? CHINA – Two weeks ago, the concourse outside…
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