The report was launched under the European Investment Bank’s (EIB) eighth annual Investment in Africa report covering the continent’s banking system. The report highlights that banking in Africa continues to show resilience and a desire to support Private Sector Development despite operating in a tough environment. Key banking indicators, such as capital ratios, profitability and non-performing loans, have not deteriorated despite the challenges the region is facing.

This report comes at the midway of the implementation of the 2030 Agenda for Sustainable Development to which world leaders, including African leaders, made commitments in 2015, to end extreme poverty, inequality and climate change by 2030. In addition, the Ten-year implementation plan of the African Union’s Agenda 2063, titled, “the Africa We Want,” that was initiated in 2013, ends in 2023. This report is also paramount because it covers the period when the Covid-19 pandemic and the Ukraine-Russia crisis emerged with significant bearing on the implementation of both agendas.

This report highlights migration as one of the key emerging development issues. Approximately, a total of 84 million people (2.3 percent of the world’s population) live outside of their country of nationality. Consequently, almost half of them are in low- and middle-income countries and this report does provide framework to maximize the development impacts of migration, including how migration can help achieve the global Sustainable Development Goals (SDGs).

This report reveals the Local Economic Development method undertaken to produce the NDP III results. In 2006, LED was introduced to Uganda as the sixth objective of the Decentralization Policy as decentralization was failing to get the population out of poverty as envisaged during conceptualization in 1993. Efforts were constructed to fulfill it but a bold step was made in 2014 with the development of the LED policy.

The world has struggled with COVID-19 in the last few years which was accompanied by predicaments as a way of reaction from African countries to handle and bounce back from the pandemic. The urge for sound transparency and conformance is a result of these predicaments. This in turn would be a helping hand against corruption in the African countries.

The prior mentioned report discusses the transparency practices that the Bank of Uganda is executing in line with the ethical operations of central banks. With the results from the CBTC, the Bank of Uganda pursues refining public accountancy, communication, and transparency practices.

This report highlights migration, the movement of people from one usual place of residence to another as an essential matter. The world has about 184 million migrants and 43 percent live in low and middle-income countries. Migration issues are sweeping across and turning crucial as a result of the harsh differences between and within countries regarding real wages, labor market opportunities, demographic patterns, and climate costs.

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Background To The Budget FY 2023-24.pdf

This report examines the role for natural resource wealth in driving Africa’s economic transformation and the implications of the low-carbon transition for resource-rich economies. Resource wealth remains central to most Sub-Saharan African economies such as Uganda, and significant untapped potential is in the ground. Subsoil assets such as metals, minerals, oil, and gas are key sources of government revenues, export earnings, and development potential in most countries in the Africa region.

A properly governed migration regime is envisaged to make significant contribution to sustainable development in countries of origin, transit destination including providing benefits and opportunities for both migrants and their families. This report emphasizes the need for Member States under the Intergovernmental Authority on Development (IGAD) that guarantees proper and effective migration governance and ensure its effective implementation.