World Bank

EconomyPolitics & Policy

Uganda losing a fortune in potential revenue due to ineffective tax collection – World Bank

Uganda is not collecting as much as it could in taxes, according to the latest country economic update from the World Bank launched today in Kampala
Politics & Policy

Makhtar Diop appointed World Bank’s vice president for infrastructure

After six years as the World Bank's vice president for Africa, Makhtar Diop has been appointed as the World Bank’s Vice President for Infrastructure. In his previous role, Mr Diop oversaw the delivery of a record-breaking $70 billion to Sub-Saharan Africa to help tackle key development challenges
Economy

Africa GDP growth to strengthen in 2018, says World Bank

Economic growth is rebounding in sub-Saharan Africa with the region's GDP projected to expand at the fastest rate since 2015, according to the World Bank
EconomyPolitics & Policy

Government and KCCA should step up to steer greater Kampala’s growth

Kampala's growth challenge, according to the World Bank report, is upgrading its economy by improving the productivity of its population, businesses, and industries. It must create the right kind of jobs in sectors which will encourage industrialization and economies of scale
Downtown Kampala
Economy

Africa’s growth will be stronger than in 2016, World Bank says

Growth in sub-Saharan Africa will be stronger this year with the rebound led by the region's largest economies, the World Bank said on Wednesday
Politics & Policy

World Bank lifts suspension of lending to government with $1.5bn credit line

The World Bank has announced resumption of more than Shs5 trillion ($1.5bn) in new lending to government after almost ten months of suspending loans to Uganda and several back and forth meetings over the issue.
Economy

World Bank forecasts growth uptick for Africa in 2017

Economic growth in sub-Saharan Africa will slightly pick up in 2017 following its worst decline in more than two decades in 2016, according to a World Bank report released Wednesday.
Economy

Uganda unlikely to achieve middle income status by 2020, World Bank says

The World Bank says Uganda's economy must grow by 12% each year until 2020 if it is to achieve its goal of middle-income status by that time. But that is twice the growth rate it considers realistic for Uganda's GDP in the medium-term
Economy

10 things the World Bank says about Uganda’s economy

The World Bank on Tuesday released its eighth Uganda Economic Update outlining its view of the state of the economy, more than six months after it cut off funding over slow execution of projects. Here are 10 key messages from the report.
Energy, Oil & Gas

Parliament gives approval for $103 rural electrification loans

Parliament on Wednesday approved two motions that allow the government to borrow $102.88 million for rural electrification projects. The government will borrow $91.5 million from the World Bank and $11.32 million from Kuwait.
Electricity pylons
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