World Bank
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News
Fish traders at Mpondwe OSBP decry low market for fish
KASESE – Fish traders at Mpondwe One Stop Border Post [OSBP] in Kasese district are crying foul over the slow business despite the construction of a modern Mpondwe Market in Lhubiriha Town…
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Africa
Africa’s growth remains low, says World Bank report
KAMPALA-Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World…
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East Africa
KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
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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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Financial
Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Africa
World Bank president nominee, Ajay Banga, pledges to partner with AfDB for transformative results
ABIDJANI-US nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d’Ivoire where he met the African Development Bank [AfDB] President…
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Cooperatives & Communities
Nwoya farmers shun ACDP stores
NWOYA– Four multi-million farmers’ storage facilities in Purongo, Anaka, Alero, and Kochgoma sub-counties in Nwoya district are underutilised as farmers keep their produce in homes, theCooperator has learnt. The storage facilities were…
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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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News
Minister Nabakooba cautions Oyam against land fragmentation
OYAM- The Minister of Lands, Housing and Urban Development, Judith Nabakooba has advised the people of Oyam district against land fragmentation, saying it affects large-scale agricultural production. Handing over 2000 certificates of…
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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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