Kampala, Uganda | THE INDEPENDENT | Confidence in the country’s business activities surged in July with business owners experiencing more demand for their goods after the country lifted much of the coronavirus restrictions, a survey has said. The Purchasing Managers’ Index (PMI) published monthly by Stanbic bank recorded a 50.3 …
Read More »China accelerates reforms in improving business environment: World Bank
Beijing, China | XINHUA | China’s recent acceleration in business reforms has helped the country become the top reformer among large economies, according to a report issued by the World Bank. Figures presented in the Doing Business 2020 report, the latest in a series of annual reports by the World …
Read More »UBA Uganda appoints new CEO
Kampala, Uganda | THE INDEPENDENT | Pan-African lender, United Bank for Africa, Uganda, has appointed Chioma Mang as the new Chief Executive Officer to replace John Agoreyo. Agoreyo, who has been at the helm of the lender for the last four years, has seen UBA Uganda move from a loss …
Read More »UBA Group appoints new deputy MD for Africa
Kampala, Uganda | THE INDEPENDENT | Nigerian-based United Bank for Africa Plc. has appointed Oliver Alawuba as deputy Managing Director in charge of Africa businesses. The lender operates in 20 African countries including Uganda. Also appointed is Ayoku Liadi as deputy managing director in charge of UBA Nigeria. The lender …
Read More »Traders seek more funding to recover from lockdown effects
Kampala, Uganda | THE INDEPENDENT | Kampala based traders have asked the government to make more money accessible to small scale traders through the Uganda Microfinance support centre. Issa Ssekitto, the spokesperson of Kampala City Traders Association-KACITA, an umbrella for the business community, says that businesses need a stimulus to …
Read More »How to boost cross-border financing solutions in Africa
Kampala, Uganda | Isaac Khisa | How can African countries boost cross-border financing solutions on the continent? This was the main issue discussed during the Pan-African e-conference hosted by the United Capital PLC, a Nigerian-based financial and investment Services Company, on Friday. Peter Ashade, the Group CEO at United Capital Plc. …
Read More »Business activity improves in May – Stanbic Bank survey
Kampala, Uganda | THE INDEPENDENT | As the country slowly emerges from a two-months lockdown, there is now a sense among business leaders that things might be getting better according to a survey sponsored by Stanbic Bank. The Purchase Managers Index (PMI) rose to 41.9 points in May from the …
Read More »More workers to lose jobs as key sectors feel COVID-19 pinch
Kampala, Uganda | THE INDEPENDENT | A sobering analysis of Uganda’s businesses during coronavirus crisis shows that at least 100,000 formal jobs have been cut revealing the scale of the carnage the virus has had on employment. Also, at least 4.4 million workers in the informal sector will either see their …
Read More »Company closures, travel bans dampen business mood – Survey
Kampala, Uganda | THE INDEPENDENT | The business environment worsened in April with company owners not hoping for quick recovery anytime soon according to the April Purchase Managers Index (PMI). The survey which asks business managers about their operations said in a report for April that business activity came …
Read More »Trade Minister clarifies on businesses allowed to reopen
Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde has come out to clarify on some of the presidential directives issued. Addressing the nation on Tuesday, President Museveni allowed food markets, wholesale, hardware shops, metal works, woodworks, warehouses, insurance providers, 30 lawyers to be …
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