Irene Batebe, the Permanent Secretary in the Ministry revealed that a total investment of about US$20M which will come from both the public and private sector has been earmarked for this fund to enable the public to access upfront capital for clean cooking solutions.
The 110 dealers working under the Agriculture Cluster Development Project – ACDP were contracted to supply inputs that include maize, beans, cassava, rice and coffee to over 10 districts across the country.
Musa Ecwero, the State Minister of Works and Transport explained that the Government and World Bank have partnered to co-finance the rehabilitation and maintenance of the Lira-Kamdini road section under the North Eastern Road Asset Management Project – NERAMP.
Edward Kiwanuka, the Gulu City Town Clerk says that the fund will construct more than 7 roads in the City totalling 7.788 kilometres. The roads include Oola Lubaro road, Vincent Opiyo road, Francis Barabanawe road, Lakana Odongkara road, Onono road and Nelson Mandela road.
The economies of Ethiopia, Uganda, Ivory Coast, Egypt, Ghana, Rwanda and Kenya withstood the economic impact of the pandemic so successfully that they were among the world’s 10 fastest-growing in 2020. At least five of them are expected to remain in that elite growth club through 2022, according to forecasts by economists compiled by Bloomberg during the past three months
According to the latest survey by the Uganda Bureau of Statistics, UBOS, supported by the World Bank, the country could run out of forests outside of gazetted protected areas by 2025, if the current rate of depletion, is not checked.
“The road to recovery may be long, and it may be steep, but prioritizing policy actions and investments that address the challenge of creating more, better and inclusive jobs will pave the way for a faster, stronger and inclusive recovery for African countries,” said Albert Zeufack, World Bank Chief Economist for the Africa regions.
Kitgum was ranked the best among the 21 other municipalities on performance measures under phase two of the project. The ranking followed an annual assessment conducted by KPMG consultancy firm contracted by the world Bank.
The caution comes amid a scramble by African countries to cushion their economies, support hard-hit sectors and provide social support to nationals, amid tough measures to contain the coronavirus disease-COVID-19, whose infection rate has gone beyond three million people countrywide.
But officials at Kitgum Municipal Council say that the timeframe for procuring a contractor for the actual implementation of the project in June this year could be dragged behind schedule as a result of measures taken to contain the COVID-19 pandemic.
In East Africa, Tanzania was also studied and researchers found at least $145m had been hidden by its elites. Researchers concluded that this was because politicians, elites and their cronies got access to aid money and instead of using it to work on projects that developed their countries, they hid it away for personal use.
In August 2015, Egypt expanded the size of the Suez Canal, a man-made Canal that links the Mediterranean Sea and the Red Sea following financing from Egyptians who bought investment certificates worth USD 3.6 billion (13 trillion Shillings) with a maturity period of five years and an interest rate of 15.5 per cent.