Browsing: @world bank

The World Bank’s 3i strategy presents a structured path for Uganda to transition from a low-income economy to high-income status. By focusing on investment, adopting global technologies, and fostering home-grown innovation, Uganda can overcome the challenges of the “middle-income trap.” Drawing lessons from countries like South Korea and Chile, this approach emphasizes building infrastructure, modernizing industries, and ultimately creating a culture of innovation to ensure long-term prosperity.

A new report highlights key shifts in Africa’s debt landscape, with Egypt and South Africa leading in external debt stock. Rising borrowing costs, a shift from traditional lenders to private debt, and increasing loan defaults paint a complex picture for the continent’s economic future. As Africa faces these challenges, calls for debt transparency and sustainable restructuring are growing.

Uganda’s Cabinet has approved the National Business Process Outsourcing (BPO) Policy, which aims to position the country as a leading outsourcing destination in Africa. This groundbreaking policy is expected to generate 100,000 new jobs, offering a significant boost to youth employment and driving economic growth.

Uganda is set to receive over $600 million in aid from the World Bank and French Development Agency to overhaul its waste management infrastructure in Kampala. With the city producing 600 metric tonnes of waste daily and recent disasters like the Kiteezi landfill tragedy, this funding aims to implement safer, more sustainable disposal practices and prevent future crises.

KAMPALA: Recent data from the 23rd edition of the Uganda Economic Update released by the World Bank reveals significant challenges…

Kampala: Recent data from the 23rd edition of the Uganda Economic Update, published by the World Bank, highlights significant shifts…

Kampala: Uganda’s persistent underspending on education, health, and social protection is set to severely impact the productivity of its next…

Kampala: Uganda’s economy has demonstrated remarkable resilience despite facing multiple successive shocks. According to the 23rd edition of the Uganda…

In the latest World Bank Food Security Update as of April 29, 2024, the global food security landscape continues to…

LUCAS MUSISI KAMPALA – In the latest release of the World Bank’s Uganda Economic Update for December 2023, concerns are…