Economy

The World Bank, with 189 shareholders, has funded development projects for member countries with per capita incomes below $12,535. Uganda's per capita income in 2022 was estimated at around $850.

Uganda’s Negotiations with the World Bank – Challenges and Progress

Uganda is currently in discussions with the World Bank, focusing on various aspects including human rights compliance, particularly concerning anti-gay…

Sugar Trade Dispute Sparks Economic Concerns in Uganda

Sugar Trade Dispute Sparks Economic Concerns in Uganda

A dispute over white industrial sugar production capacity at Kinyara Sugar has raised significant concerns in Uganda. The country is…

Payments on Uganda's External Debt Skyrocket in 12 Months!

Money Mayhem: Uganda’s Debt Soars by UGX 864 Billion!

Payments for servicing external debt have shown a substantial increase, rising from $583.9 million (approximately UGX 2.17 trillion) to $816.3…

KCCA Scrambles for New Funding Sources Amid World Bank Exit

Uganda Seeks New Funds After World Bank Exit

In recent weeks, the World Bank stopped giving money for new projects in Uganda. They did this because they didn't…

While some sectors, like construction and services, experienced growth, others such as agriculture, industry wholesale, and retail saw a decline in activity due to economic financial pressures.

Uganda’s Economic Outlook in September 2023

The Stanbic Purchasing Managers' Index (PMI) for Uganda showed a slight decline in August, dropping from 53.9 in July to…

a tale of extravagant parties, questionable budget allocations, and a dash of political drama. It's all in a day's work for Uganda's First Family.

Living Large: First Family’s Extravagant Expenditure Under Scrutiny

In a not so surprising twist of events, Uganda's First Family has become the talk of the town due to…