Hundreds of travelers were left left stranded in Gulu Town on Wednesday night following a 14-day ban on public transport by President Yoweri Kaguta Museveni. On Wednesday President Museveni announced the 14-day Government’s travel ban on public transport in order to curtail the spread the Coronavirus (COVID-19) in the country. Several passengers from Kitgum, Adjumani, Elegu, Lamwo and Pader District…
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The World Bank and International Monetary Fund have called for the suspension of debt repayments for poorer countries as many of them turn to focus on battling the Coronavirus (COVID -19). In a joint statement on Wednesday night, the two multi-lateral lenders said the Coronavirus outbreak is likely to have severe economic and social consequences for the International Development Association…
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The COVID-19 Pandemic may affect the world more than the Great Depression or World War II did. We may be headed for another version of Global shutdown like the Great Depression. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across…
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Government needs to devise means of protecting the economy from crumbling as a result of the temporary shutdown of key businesses because of the corona virus. Makerere University Business School-MUBS Economics Lecturer and Policy Analyst, Ramathan Ggoobi says the Coronavirus (COVID-19), which has since been declared a pandemic is economically contagious and has attacked all sectors of the economy at…
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