The monthly Stanbic Purchasing Managers’ Index (PMI) dropped slightly to 56.5 in May compared to the 57.8 reading in April, but it is still higher than the average during the five years of data collection to date. The headline PMI figure provides an early indication of operating conditions in Uganda.
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L-R: Keith Kalyegira, the CMA CEO, Rashmi Pillai, the FSD Uganda Executive Director and EU Ambassador to Uganda, Attilio Pacifici after launching the deal-matching facility Financial Sector Deepening (FSD) Uganda is launching a Deal Flow Facility (DFF) to increase investment in medium to large companies in Uganda. Funded by the European
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Clonal coffee plantlets at Taddewo William Senyonyi's nursery bed A few weeks ago, Rogers Bukenya, a farmer asked me the following question: Would it be wise to plant KR 7 yet there is KR 10? I am just seeking clarity. Thanks Answer In answering him, I provided more information about
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International Monetary Fund Managing Director Kristalina Georgieva announced today that Deputy Managing Director Tao Zhang (pictured) intends to conclude his service when his term expires on August 20, 2021. Mr. Zhang was appointed to a five-year term in August 2016. “For the past five years, Tao has been a key
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A coffee farmer tending to her garden The GIZ Employment and Skills for Development in Africa (E4D) programme has partnered with the International Institute of Tropical Agriculture (IITA) Uganda and Olam Food Ingredients (OFI) to improve the livelihoods of 5,000 coffee farmers in the Mount Elgon region of Uganda. Instead
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Gorilla trekking is always a thrilling experience in Uganda International tourist arrivals were down 83% in the first quarter of 2021 as widespread travel restrictions remained in place. However, the UNWTO Confidence Index shows signs of a slow uptick in confidence. Between January and March 2021 destinations around the world
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A photo montage of top bank CEOs Ugandan commercial banks advanced loans worth Shs16.04 trillion to customers in 2020, up from Shs14.46 trillion in 2019. This represents an increase of 11%. This is according to financial statements for the year ended 31st December 2020 analyzed by Business Focus. Like other
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Housing Finance Bank Managing Director, Michael K. Mugabi Despite a challenging business year 2020, Housing Finance Bank (HFB) exhibited high levels of resilience to post an impressive performance during a COVID-19 suppressed environment. The bank’s asset base grew by 22% to Shs1.11 trillion up from Shs912.2bn recorded in 2019. This
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URA headquarters in Nakawa, Kampala Domestic revenue collected by Uganda Revenue Authority (URA) for the month amounted to Shs1.61 trillion, representing a 102.1% performance against the planned Shs1.57 trillion for the month, the April 2021 Performance of the Economy Report released by Ministry of Finance reveals. Of this, the report
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UCDA Managing Director, Dr. Emmanuel Iyamulemye says Uganda is ready to supply the best coffee to Chinese Uganda, like many African countries, suffers from an enormous trade deficit with China. Last year, according to UN figures, Uganda exported just $40 million worth of goods to China but imported more than
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