GDP
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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KAMPALA – Government has withdrawn a financing request of €500 million from Amarog Capital Limited and Sovereign Infrastructure Group over concerns regarding tax waivers on interest and fees, as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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International
FAO event looks at role of cooperatives in driving responsible sourcing and sustainability-driven trade requirements
ROME – On March 15, the Food and Agricultural Organisation [ FAO ] hosted an online event to explore the key issues related to responsible sourcing and sustainability-driven trade requirements. The session…
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Agriculture
Kapelebyong district leaders, staff trained to implement major irrigation programme
KAPELEBYONG – Kapelebyong district is building the capacity of agricultural extension workers and lower local government leaders on the implementation of the Micro-scale Irrigation Programme, which aims to have more land in…
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International
Sharp, long-lasting slowdown to hit developing countries hard, says World Bank
WASHINGTON – Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the latest Global Economic…
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