However, delays in project execution, limited resources, red tape in contract approvals remains big concerns Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector has welcomed the government’s decision to significantly increase the budget allocation for the mineral development and oil and gas sub-sectors but has voiced concerns over implementation. In …
Read More »Private sector activity picks up April, PMI shows
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity picked up in April amidst prolonged traders’ strike over the government’s enforcement of the Electronic Fiscal Receipting and Invoicing Solutions, a new business survey shows. The Stanbic Bank Purchasing Managers’ Index (PMI) rose to 52.6 in April from 49.3 a month …
Read More »Private sector urged to stop being intimidated by politics
SPECIAL REPORT | THE INDEPENDENT | Private Sector leaders in Africa have been urged to be aggressively involved in influencing good politics in the various countries to help their agenda. The Africa CEO Forum, a not-for-profit company pushing for a better business environment on the continent says the kind of politics …
Read More »Private sector report: Business was low in March
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector completed the third quarter (January-March) of this financial year on a lower note as firms reported lower business across the main economic sectors. The deterioration in business conditions during March, marked the end of a 16-month upward improvement trend in the health …
Read More »Uganda’s private sector shows resilience
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector experienced a modest deceleration in growth in Feb, as indicated by the Stanbic Purchasing Managers’ Index (PMI) which adjusted to 51.7 from a previous 54.0 in January. Despite this slight easing, the sector continued to demonstrate robust performance with sustained improvements across …
Read More »EIB Global and Housing Finance Bank announce €50 million for private sector
Kamapala, Uganda | THE INDEPENDENT | The Housing Finance Bank (HFB) of Uganda and EIB Global on Thursday announced a partnership to avail over two hundred and twelve billion (€50 million) investment to support private sector entities, notably SMEs in Uganda. At least half of the investment to be allocated to …
Read More »Private sector register better performance at year end
Kampala, Uganda | THE INDEPENDENT | The year 2023 ended on a higher note for the private sector as companies registered more demand for their goods and services in the month of December. This according to both the Uganda Bureau of Statistics and the Stanbic Purchasing Managers Index (PMI), which compile …
Read More »Private Sector: Tanzania’s agro-trade policies distabilising regional trade
Kampala, Uganda | THE INDEPENDENT | The move by the government of Tanzania to restrict food exports to Uganda and Kenya is facing opposition from the private sector and politicians that it is not progressive. This financial year, Tanzania reintroduced food export restrictions including new tariffs and forcing traders …
Read More »PMI: Rising customer demand support growth of new orders
Kampala, Uganda | IN THE INDEPENDENT | The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact on the Ugandan private sector. Meanwhile, this further expansion in new orders …
Read More »Private sector players partner with gov’t in seeking trade and investment opportunities
Kampala, Uganda | THE INDEPENDENT | Private sector’s decision to join the government to host the second leg of the Uganda-South Africa Summit in Kampala planned later this year shows a changing narrative in the private sector space, as companies seek business deals and contribute to the country’s growth. The summit …
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