Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    Ghanaian Court annuls 2024 Parliamentary Election over irregularities
    November 24, 2025
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
    Nigeria Presidency refutes Catholic leaders’ criticism of economic hardship
    March 11, 2025
  • Business
    BusinessShow More
    President Donald Trump, left, and Chinese President Xi Jinping, right, pose for photo before their US-China summit at Gimhae international airport in Busan, South Korea, on October 30, 2025 [Mark Schiefelbein/AP Photo]
    Trump says China’s Xi Jinping agreed to accelerate purchases of US goods
    November 26, 2025
    Ghana, Dalian deepen bilateral ties to boost education, culture and trade
    November 13, 2025
    Ghana secures additional $28m grant from China for infrastructure projects
    October 17, 2025
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    South Africa name 24-man squad for AFCON 2025
    December 7, 2025
    Ghana’s Black Queens fall to England’s Lionesses by 2-0 in historic friendly encounter
    December 3, 2025
    African Paralympic Committee President Samson Deen urges leaders to make Para Sports a continental priority
    November 28, 2025
    CAF appoints Match Officials for TotalEnergies CAF Africa Cup of Nations Morocco 2025
    November 27, 2025
    Ghana’s Gov’t unveils 11-member team to drive Black Stars’ 2026 World Cup campaign
    November 26, 2025
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    President Donald Trump, left, and Chinese President Xi Jinping, right, pose for photo before their US-China summit at Gimhae international airport in Busan, South Korea, on October 30, 2025 [Mark Schiefelbein/AP Photo]
    Trump says China’s Xi Jinping agreed to accelerate purchases of US goods
    November 26, 2025
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
Reading: Uganda’s President Museveni rejects World Bank data on middle income status
Share
Notification Show More
Latest News
South Africa name 24-man squad for AFCON 2025
December 7, 2025
Benin’s President Talon declares situation ‘totally under control’ after coup attempt
December 7, 2025
Benin foils military coup attempt
December 7, 2025
Ghana faces England, Croatia and Panama in challenging World Cup group
December 5, 2025
Ghana’s Black Queens fall to England’s Lionesses by 2-0 in historic friendly encounter
December 3, 2025
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > Finance > Uganda’s President Museveni rejects World Bank data on middle income status
Finance

Uganda’s President Museveni rejects World Bank data on middle income status

Uganda President Yoweri Museveni has dismissed the recent World Bank report which classified the country as still a low-income nation.

Posted omni21 July 14, 2022 4 Min Read
Updated 2022/07/14 at 5:21 PM
Uganda's President Yoweri Museveni. PHOTO | FILE
SHARE

In a July 1 economic update, the World Bank maintained that Uganda’s per capita gross national income stood at $840 per annum, according to its data for the period ended 2020/2021.

However, during the launch of the Public Policy Executive Oversight Forum (Apex platform), the President questioned the World Bank’s source of information, insisting that Uganda had attained middle-income status.

“The economy is growing. The other day, I had some arguments about whether we have gone to middle income or not. We reaffirm. I do not know where the World Bank is getting their data from,” Mr Museveni said.

He added: “But our data about our country is that we are now at GDP (Gross Domestic Product) per capita of $1,046 and that is already in the middle income. We need to stay there for three more years or go up to be declared officially. We have got some money and the things to do are many. That is why prioritisation becomes important.” 

RECOMMENDED FOR YOU  Tunisia: Government to Increase Austerity Measures to Meet IMF Demands

During the State-of-the-Nation Address in June, the President announced that Uganda had attained middle-income status.

While addressing a media briefing last week, Dr Chris N Mukiza, the Uganda Bureau of Statistics (Ubos) executive director, said government data for the Financial Year 2021/2022 indicates that Uganda’s GDP per capita is estimated at $1,046, which is within the middle-income threshold.

“The reference periods in the two reports are different. Whereas the report by the government was based on the Financial Year 2021/2022, the one by the World Bank was based on the Financial Year 2020/2021. Thus, the per capita income in the two reports refer to two different periods, the government of Uganda report being the most up to date,” Dr Mukiza said.

RECOMMENDED FOR YOU  Uganda: 9 More Ebola Cases Recorded in Kampala

ISO to spy on state agencies

At the same function, Mr Museveni revealed that he was going to deploy the Internal Security Organisation (ISO) to spy on corrupt government agencies and those sleeping on the job.

“We have lost time because of people who did not understand our vision, but I am grateful that we have started to move in the right direction. There is no reason why something should go wrong when it is budgeted for,” President Museveni said.

He blamed businessmen and investors for reportedly fuelling corruption by bribing government officials to endorse their projects.

Mr Museveni said by deploying ISO to spy on government agencies, corruption will be revealed.

RECOMMENDED FOR YOU  Uganda: Deputy Speaker of Parliament Pledges Support for Cancer Institute

The State minister for Economic Monitoring in the Office of the President, Mr Peter Ogwang, said ISO will give intelligence on how government projects are being implemented.

“You have been seeing me conducting field trips where a number of government officials have been arrested over corruption or shoddy work. All these were on a tip-off from ISO,” Mr Ogwang said.

About the Apex platform

Mr Yunus Kakande, the secretary in the Office of the President, said the Public Policy Executive Oversight Forum (Apex platform) is a public policy management reform approved by the Cabinet in 2018 to play an oversight role of all programmes funded by the government.

The platform, which is coordinated by the Office of the President, is also aimed at fast-tracking the performance of the 23 presidential guidelines and directives.

RSS EDITORS’ SUGGESTIONS

  • AFCON 2025: Cameroon’s crazy 24 hours analysed
  • Ernest Nuamah making steady progress in ACL recovery
  • Otto Addo visits injured Abdul Mumin in Spain
  • Hohoe United break Bechem’s home invincibility with historic win
  • Asante Kotoko charged over alleged Safety breach involving match officials
TAGGED: middle income, Uganda, World Bank data
SOURCES: thecitizen.co.tz
omni21 July 14, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Ghana’s worsening debt situation forced gov’t to IMF – Bawumia
Next Article I’m arranging to meet my married ex-boyfriend for the last time before my wedding
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • South Africa name 24-man squad for AFCON 2025
  • Benin’s President Talon declares situation ‘totally under control’ after coup attempt
  • Benin foils military coup attempt
  • Ghana faces England, Croatia and Panama in challenging World Cup group
  • Ghana’s Black Queens fall to England’s Lionesses by 2-0 in historic friendly encounter

More recommendations for you

  • AFCON 2025: Cameroon’s crazy 24 hours analysed
  • Ernest Nuamah making steady progress in ACL recovery
  • Otto Addo visits injured Abdul Mumin in Spain
  • Hohoe United break Bechem’s home invincibility with historic win
  • Asante Kotoko charged over alleged Safety breach involving match officials

You Might Also Like

Soccer

Ba’s strike sends Senegal through as Uganda’s dream ends

August 24, 2025
Soccer

Uganda soar to Group C summit with composed victory over Niger

August 11, 2025
Soccer

South Africa 2-1 Guinea: Bafana Bafana revive CHAN hopes with crucial victory

August 11, 2025
Soccer

Uganda thrash Guinea 3-0 to keep CHAN hopes alive

August 8, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?