World Bank
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Business
Uganda assures ‘solid’ ties with IMF, World Bank; eyes new credit & investment boom
The Permanent Secretary and Secretary to the Treasury (PSST) in the Ministry of Finance, Planning, and Economic Development, Ramathan Ggoobi,…
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Health
World Bank rejects Uganda’s bid to repurpose COVID-19 funds for stalled health projects
The World Bank has rejected Uganda’s request to redirect COVID-19 grant funds toward completing stalled health infrastructure projects, Minister of…
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Uncategorized
Gov’t seeks UGX 1.051 trillion supplementary budget for 2024/25
The Ugandan government has submitted a request to Parliament for a supplementary expenditure of UGX 1.051 trillion for the 2024/25…
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Education
Speaker orders investigation into corruption, nepotism in seed secondary school recruitment
Speaker Anita Among has called for a comprehensive investigation into allegations of corruption, nepotism, and the hiring of unqualified teachers…
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Business
African economies projected to grow by 3.4 % in 2024-report
Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due…
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Africa
Developing countries paid record $443.5 billion on public debt in 2022 – report
Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service…
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News
IMF, World Bank Announce $4.5 Billion in Debt Relief for Somalia
The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved the…
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Business
Duplication of activities worries MPs as agriculture ministry seeks $325m World Bank loan
Lawmakers sitting on Parliament’s National Economy Committee have expressed concern over the duplication of activities in the $325 Million (Shs1.232…
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Finance
Govt in talks with World Bank – Minister Musasizi
Minister of State for General Duties Henry Musasizi has revealed that government and World Bank are engaged in heavy negotiations…
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