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Economy
World Bank forecasts growth uptick for Africa in 2017
Economic growth in sub-Saharan Africa will slightly pick up in 2017 following its worst decline in more than two decades in 2016, according to a World Bank report released Wednesday.
April 19, 2017
Economy
Uganda unlikely to achieve middle income status by 2020, World Bank says
The World Bank says Uganda's economy must grow by 12% each year until 2020 if it is to achieve its goal of middle-income status by that time. But that is twice the growth rate it considers realistic for Uganda's GDP in the medium-term
February 7, 2017
Economy
10 things the World Bank says about Uganda’s economy
The World Bank on Tuesday released its eighth Uganda Economic Update outlining its view of the state of the economy, more than six months after it cut off funding over slow execution of projects. Here are 10 key messages from the report.
February 7, 2017
Energy, Oil & Gas
Parliament gives approval for $103 rural electrification loans
Parliament on Wednesday approved two motions that allow the government to borrow $102.88 million for rural electrification projects. The government will borrow $91.5 million from the World Bank and $11.32 million from Kuwait.
December 8, 2016
Economy
Politics & Policy
Ease of doing business: Uganda climbs seven places in World Bank ranking
Uganda has moved up seven places in the World Bank's latest Doing Business Report, coming in at 115 out of 188 economies. The report investigates regulations that improve or constrain the operations of small to medium-size domestic businesses.
October 26, 2016
Politics & Policy
World Bank withholds new lending to Uganda
A statement released by the World Bank yesterday says it is withholding "new lending to Uganda effective August 22, 2016," citing performance issues in its Uganda portfolio.
September 14, 2016
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