Browsing: @world bank

Uganda’s economy is growing faster than most in the region, but the World Bank’s latest Uganda Economic Update warns that cracks are forming beneath the surface. While GDP has surged nearly 7% this year, weak tax collection, rising debt, and underfunded social services threaten to stall the country’s momentum. The Bank says Uganda must rethink how it raises—and spends—its money if the promise of growth is to reach ordinary citizens.

Uganda ranks 76th out of 130 economies in the World Bank’s Business Ready 2024 report, landing in the 41st percentile globally and 12th in Sub-Saharan Africa. The country scores well in utility access (60.3) and labor regulation (60.1), but struggles with land administration (42.8) and construction permits (48.1), raising urgent questions about reform capacity and competitiveness in East Africa’s fast-changing economic landscape.

Across Africa, food is rotting before it ever reaches the people who need it. Despite rising production, over 295 million Africans went hungry last year. Why? A powerful new World Bank report says the answer isn’t in the fields—it’s in the roads. From blocked border posts to collapsing ports, the continent’s fragile food supply chains are crumbling under the weight of neglect. “We’re not just losing food,” says the Bank’s Nicolas Peltier, “we’re losing lives.” The good news? With strategic investment and political will, this crisis is fixable—and millions of lives can be saved.