Kampala, Uganda | THE INDEPENDENT | The start of the second quarter of 2023 saw a rise in employment as Uganda’s private sector recorded increased output and new orders with the headline Stanbic Purchasing Managers Index (PMI) rising to 55.4 in April, up from 53.2 in March. For the sixth successive …
Read More »Private sector reports better business
Kampala, Uganda | THE INDEPENDENT |A new study of the private sector operations in Uganda shows an increase in the rate of job creation across sectors in Uganda. The study done over the month of April on corporate companies found that staffing levels rose in response to greater new orders, …
Read More »Private sector involvement in youth skilling could boost employment
COMMENT | Michael Sekadde | Uganda has one of the youngest populations in the world, with 78 per cent of its citizens under the age of 30. Such a high number is an opportunity for the country’s growth but only when it is equipped with the right skills to realise its full …
Read More »Stanbic PMI: New orders sustain private sector expansion despite slight dip
Kampala, Uganda | THE INDEPENDENT | The headline Stanbic Purchasing Managers’ Index (PMI) dipped to 51.2 during February from 53.2 in January as business activity increased in the services and wholesale and retail categories, but decreased in agriculture, construction and industry. However, the Ugandan private sector remained in growth territory at …
Read More »Boosting private sector development in Uganda
Players task government to walk the talk at 13th national competitiveness forum Kampala, Uganda | JULIUS BUSINGE | Private sector players have asked government to walk the talk while promising to boost private sector activities that drive overall growth of the economy. The call was made by multiple speakers at the …
Read More »Speaker Among urges IGG to probe private sector corruption
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among wants the Inspectorate of Government (IG) to be given the mandate to investigate corruption under the private sector. Among made the statement while meeting officials from the IG led by the Inspector General of Government, Beti Kamya, who on …
Read More »Inside Museveni’s private favours
How the president’s approach of allocating favours to individual firms has undermined the development of a robust private sector THE LAST WORD | ANDREW M. MWENDA | On August 15th, President Yoweri Museveni wrote the prime minister an instruction titled “Support of Local Companies in the Construction Sector”. He said …
Read More »New survey shows higher growth, job cuts
The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. | THE INDEPENDENT | The headline PMI rose to 50.5 in August, up …
Read More »Museveni rallies private sector to support Parish Development Model
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called upon the Pprivate sector to support the Parish Development Model. Museveni made the remarks while speaking on Thursday during the second Bi-annual Presidential Chief Executive Officers Forum (PCF) which he hosted at his country home in Irenga, Ntungamo district. The …
Read More »EAC private sector calls for better financial services to boost trade
Nairobi, Kenya | THE INDEPENDENT | The private sector has blamed the banking industry in the East African Community for doing little to promote trade and investment, which has kept the region’s development slow. The investors say banks have not helped them access the financing needed to boost trade to catch …
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