GDP
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Central
New research okays use of solar lights for fishing
ENTEBBE – New scientific research has established that the usage of solar lights by the fishing communities on Lake Victoria and Lake Albert in fishing is safe and environmentally friendly. Fishing lights…
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Africa
End NTBs to boost intra-African food trade, AU Member States urged
ARUSHA – African Union [ AU ] Members States have been called upon to adopt policies to encourage intra-African trade in food production by among other things removing Non-tariff Barriers [NTBs] that…
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Africa
Cooperative societies urge Tinubu to establish commission to boost economy
ABUJA – Cooperative societies in Nigeria have called on President Bola Tinubu’s administration to establish the Cooperative Commission of Nigeria [CCN]. According to them, if established, the commission will address the long-standing…
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Finance & Banking
IMF extends over Shs 400bln loan to Uganda
KAMPALA – The Executive Board of the International Monetary Fund [ IMF ] has concluded the fourth review of Uganda’s Extended Credit Facility [ECF], enabling the country to get an additional loan…
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Africa
First-ever Cassava Week Celebration held in Ghana
ACCRA-The Biotechnology and Nuclear Agriculture Research Institute [BNARI] of the Ghana Atomic Energy Commission [GAEC] held the maiden Cassava Week Celebration in the country, attracting individual farmers, cooperatives, business community, industrialists, and…
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News
Gov’t withdraws €500mln request amid sovereignty concerns
KAMPALA – Government has withdrawn a financing request of €500 million from Amarog Capital Limited and Sovereign Infrastructure Group over concerns regarding tax waivers on interest and fees, as well as the…
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Africa
Africa set to be the second fastest growing region after Asia- new report
CAIRO – Africa is set to be the second fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks, the…
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Finance & Banking
Local banks post total assets of Shs 46.1trn in 2022
KAMPALA – The Uganda Bankers’ Association [UBA] in its annual report shows the local banking industry grew its total assets by 11.2 percent to Shs 46.1 trillion in 2022 compared to Shs…
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Development
KCCA needs Shs 800bln annually to work on roads, says minister Kabuye
KAMPALA-Kampala City requires a 10-year master plan with funding estimated at Shs 800 billion annually to revamp roads and drainage infrastructure, according to State Minister for Kampala Capital City and Metropolitan Affairs,…
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International
Global economy’s “speed limit” set to fall to three-decade low
WASHINGTON – The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…
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