The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% signalling a cautious “wait and see” approach in response to growing global economic uncertainty most notably the unresolved US-China trade tensions.The decision comes despite Uganda’s relatively strong econ
On Monday, February 10, 2025, President Kaguta Museveni named Michael Atingi-Ego, a former deputy governor of the Bank of Uganda (BoU),
ActionAid has criticised the outcomes of the 2025 Spring Meetings of the World Bank and International Monetary Fund (IMF), calling for the United Nations to take over the global debt resolution process, amid warnings that low-income countries face worsening economic hardship.The global jus
As global demands for systemic change intensify, feminist leaders are rising to confront the deep inequalities upheld by institutions like the IMF and World Bank.From grassroots gatherings to international summits, feminist leaders and economic justice activists are boldly challenging thes
Uganda has assumed co-chairmanship of the Coalition of Finance Ministers for Climate Action at the 2025 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) in Washington, DC.The country will share the leadership mantle with the Netherlands, taking over from Indone
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.An IMF report released at its annual spr
By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda. Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo
You will be making 79 in November. With the benefit of hindsight, has Independence been worth it? Independence was a positive development that came at the right time. Colonialism was no longer viable. But, I am not sure whether we have successfully utilised Independence to the advantage
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
Tunisia's election on Sunday pits President Kais Saied, who rights groups say has removed most democratic checks on his power, against a candidate who was suddenly jailed last month and another who heads a minor political party. Candidates who represented bigger opposition groups were al
