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World Bank: Russia-Ukraine War Dampens Uganda’s Economic Growth
New global shocks and the impacts of the Russia-Ukraine war has dampened Uganda’s economic growth prospects amidst the waning coronavirus pandemic and full re-opening of the economy and a clearer outlook for oil production following signing of the Final Investment Decision in February this year. Uganda’s economy is now estimated to grow at 3.7 percent…
World Bank, UBOS To Release Joint Statement On ‘Middle Income’
The Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. In his State of the Nation Address on June 7, President Yoweri Museveni said that Uganda would achieve the…
World Bank Donates Shs57 Billion In Fight Against Covid-19 Pandemic
The World Bank Uganda office has donated Uganda Shillings 57bn (USD 15m) towards the country’s fight to the spread of coronavirus. The money according to Antony Thompson, the World Bank Uganda Country director, will be re-allocated from the Reproductive Maternal and Child Health Services Improvement Project. The money will be put back from the Fast-Track…
Works Ministry Takes Over Motor vehicle Registration From URA
Uganda Revenue Authority ‘URA’ has today handed over motorvehicle registration to Ministry of works and Transport (MoWT) following the Government decision to transfer the administration and management of the Motor Vehicle Registration function. The mandate to register and license motor vehicles in Uganda will be a responsibility of the Ministry of Works and Transport today.…
Women’s Day 2022: Jyotsna Ruparelia To Headline Indian Women Entrepreneur Conclave, Applauds Women For Their Pivotal Role In Economic Transformation Across The Globe
While Celebrating International Women’s day, Businesswoman, entrepreneur, and wife to city tycoon Sudhir Ruperala, Jyotsna Ruparelia has applauded fellow women for their big roles in economic, social, and cultural development not only in Uganda but across the Globe. In her international women’s day message, Jyotsna noted that women should be celebrated for their visionary, courageous,…
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Youth Ask Govt For More involvement In National Budget,Decision Making
Uganda Youth have asked the government to let the young people to take the lead in making budget proposals for key activities that benefit them rather than think for them. The Youth revealed that many of the issues that are proposed rarely benefit them. These were some of ideas that were raised by Youth and…
Your Tactics Are Outdated-DS Tayebwa Scoffs At Protesting Opposition MPs
The Deputy Speaker of Parliament Thomas Tayebwa reminded Members of Parliament of their right to free entry and exit of the House adding that they don’t the permission of the presiding officer to enter or leave, if they feel uncomfortable conducting business of the house. Tayebwa was reacting to walkout protests by opposition MPs—, protesting…
Young Man Dies During Sex Competition After Seventh Round
Middle aged youthful man Sadly died during a sex competition after endeavoring to finish the Seventh round. The Nigerian reportedly took Loveth to a popular hotel located in Ikotun area of Lagos after a debate about which of the two would emerge victorious in a marathon sex. While the deceased believed he has sufficient prowess…
You’re Crossing The Limits – Museveni Warns Kadaga
President Yoweri Museveni is uncomfortable with the way MPs decided to apportion to themselves part of the supplementary budget meant for the covid19 fight. Museveni in an April 28 letter to the Speaker of Parliament expressed that MPs were trying to challenge his power. “I am writing to you in the matter of the Shs20…