The economy, which slipped into recession last year, is expected to grow by just 1.3 percent in 2019 according to the World Bank, less than half the global average.
Unemployment rose from 12 percent in 2011 to around 20 percent in recent years, with youth unemployment at more than 27 percent, according to IMF and World Bank estimates.
Companies World Bank arm pumps Sh600m into tech firms The International Finance Corporation (IFC) is set to invest Sh600 million in technology-based companies in Kenya and other African markets, underlining the institution’s increased interest in local start-ups.
The programme was a collaboration between the Oyo State government the Federal Ministry of Education, Universal Basic Education Commission (UBEC) as well as World Bank.
Last week both President Ramaphosa and the World Bank country director Paul Noumba-Um said Eskom was essentially too big to fail.
The machine, procured by Lake Victoria Environment Management Project and funded by the national government and the World Bank, stalled immediately it was bought.
The report titled ‘Gross County Product 2019’ was funded by the World Bank.
“We have a full series of enhancements that we are doing to iTax that are already ongoing.” Despite these challenges, the phased rollout of the iTax system since 2013 has been transformative, cutting the time businesses spend to make various taxes, the World Bank Group’s Ease of Doing Business Report 2019 shows.
A World Bank analysis later showed that only a small portion of global funding goes towards this goal.
Uganda has entered the demographic transition with an estimated 600,000-700,000 individuals entering the labour market each year, according to World Bank.