But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …
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Sub-region avoided recession in 2020 but political fragility and limited economic diversification impacted growth in some countries Kampala, Uganda | RONALD MUSOKE | East African economies will fully recover from the COVID-19 induced recession in 2023, thanks to increased roll-out of vaccines, recovery in the global economy, rising commodity prices, …
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COMMENT | Samson Tinka | “The true mark of a leader is the willingness to stick with a bold course of action — an unconventional business strategy, a unique product-development roadmap, a controversial marketing campaign — even as the rest of the world wonders why you’re not marching in step with …
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Kabale, Uganda | THE INDEPENDENT | State Minister for Trade David Bahati has expressed dissatisfaction with the Uganda Nationals Roads Authority (UNRA)’s timeline for the establishment of ferry services at Lake Bunyonyi. He is equally disturbed that the agency will take much longer to tarmac the Kabale-Lake Bunyonyi and Muko-Katuna …
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Kampala, Uganda | THE INDEPENDENT | John Robert Elangot, the former Deputy Governor at Bank of Uganda has died. He was 87. Elangot, who served as the Central Bank Deputy Governor between 1981 and 1989, breathed his last at International Hospital Kampala on Saturday. He was hospitalized in late September …
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Kampala, Uganda | THE INDEPENDENT | Ochan Tonny Okwi, a transporter of farm produce from the Northern region, only needed one purchase of Shell FuelSave Diesel at Shell Juba Road recently to upgrade his vehicle to a brand-new Toyota Hiace courtesy of the ongoing ‘Jjuza Akameeza’ promotion. Five other …
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Kampala, Uganda | THE INDEPENDENT | Nile Breweries Ltd on Nov.04, launched a simultaneous COVID-19 vaccination drive to support the Ministry of Health by setting up walk-in vaccination centres at 20 of its distribution sites across the country. The launch was flagged off at Kasanga in Kampala at a ceremony presided …
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The Turkey-Africa Economic and Business Forum held in Istanbul from 21-22 October, aims to provide a platform for Turkish businesses to gain a foothold on the continent | SHOSHANA KEDEM | Turkey aims to double its bilateral trade volume with Africa from $25bn to $50bn, said Turkish President Recep …
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Airtel’s operations in East Africa have recorded approx.52% surge in operating profits to US$279m for the half year period ending Sep.30 riding on a balanced growth of almost all its product segments. The company’s East Africa business region includes Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia. Though Airtel Money …
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BoU Governor says loosening of COVID 19 restrictions, shrewd monetary policy decisions kept the economy ‘alive’ amidst major threats | THE INDEPENDENT | The financial year 2020/2021 was largely challenging due to the COVID-19 pandemic hit that negatively affected all sectors of the economy, according to the Bank of Uganda …
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