Global Economy

Uganda, World Bank Seek Faster Delivery of $4.6 Billion Development Portfolio

Uganda and the World Bank have agreed to accelerate implementation of a $4.6 billion development portfolio covering 18 operations, as the government moves to...

Jumia Secures $50 Million Equity Injection as IFC, Axian Back Push to Profitability

African e-commerce company Jumia has secured a $50 million equity injection from the International Finance Corporation (IFC), Axian and other investors, giving the company...
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Uganda, US Strengthen Health Cooperation as Minister Musasizi Pushes for Travel Restrictions Lift

Uganda and the United States have renewed commitments to strengthen bilateral cooperation, particularly in health financing, with both countries...

Uganda’s $500 Billion Dream Is Becoming More Realistic, but Revenue Reform Will Decide Its Fate

Uganda’s ambition of building a USD 500 billion economy by 2040 has received a significant recalibration. According to Permanent...