December 03, Kampala: There is good news for the economy about rising employment levels for the last six months as the country continues to recover from the COVID-19 pandemic hit. According to Stanbic Bank Uganda’s Purchase Managers’ Index (PMI) for the month of November, job creation was signaled in the country’s private sector for the […]
NAIROBI 21 October 2021 — CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own businesses and despite the Delta variant slowing down the ‘return to normal, their confidence in the global economy has returned to levels not seen since the start of the pandemic. The KPMG 2021 CEO Outlook, […]
The impact of the pandemic on global supply chains has prompted governments around the world to look at ways to fix the broken links. In Africa, the launch of African Continental Free Trade Area (AfCFTA), has provided the continent with new opportunities to strengthen its regional supply chain. Virusha Subban, Head of Indirect Tax at […]
The promotional tour of the second Intra-African Trade Fair (IATF2021) stopped yesterday in Luanda, Angola, where the organisers met with the business community and government representatives to raise awareness and encourage participation in the trade fair. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free […]
Roadshow Cairo, 6 October 2021: – The organisers of the Intra-African Trade Fair (IATF2021) hosted a virtual roadshow event in partnership with the Africa Center for the African diaspora under the theme “Building Bridges between Africa and the Diaspora to realize opportunities under African Continental Free Trade Area”. The objective of the event was to raise awareness of how the Diaspora can […]
Sustained growth in output and new orders but staffing levels continued to drop Kampala—October 5, 2021—Business sentiment in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September compared to the […]
Wednesday, September 29, 2021: Ministers of Justice and Attorneys General from COMESA Member States have today approved legal instruments to establish the Yellow Card Council of Bureaux as a fully-fledged COMESA institution. Among the instruments approved were the Charter of the Bureaux, Staff and Procurement Rules. Through the issuance of its legal instruments, the Council […]
Kampala, 22 September 2021: Airtel Mobile Commerce Uganda Limited has today launched a collaboration with UN Capital Development Fund (UNCDF) that will onboard 300 new Airtel Money agents, 400 Airtel Pay merchants, 500,000 active Airtel Money customers to reach the targeted 1 million newly registered Airtel Money customers in the North and West Nile regions […]
Kampala – 20th September 2021: Airtel Uganda, The Smartphone Network with the widest 4G coverage in Uganda has announced exciting offers to former Africell customers. With the new offers which take effect immediately, Africell customers will not only have a chance to get a number close to their preferred number range – based on availability, […]
The Insurance Regulatory Authority of Uganda (IRA) has published industry performance for the period April-June 2021 (Q2) with Bancassurance recording a 54% growth dominated by Stanbic Bank Uganda which consolidated its market share to 21.2% from 19.1 between January and March. According to IRA, the insurance industry registered impressive growth in the first six months […]
Virusha Subban, According to China’s Ministry of Commerce, trade between China and Africa increased by 40.5 percent year-on-year in the first seven months of 2021 and was valued at a record high of USD 139.1 billion. The Ministry noted that African products were increasingly being recognised in the Chinese market and that imports from Africa […]
Thursday, September 16, 2021: An estimated USD 905 million intra-COMESA exports were lost last year due to the response measures that member states applied to mitigate the Covid-19 pandemic. This is according to research carried out by Mr Adam Willie, Principal Economist, Ministry of Commerce, Industry and Enterprise Development of Zimbabwe. The researcher recommends the […]
Kampala, Uganda: September 3, 2021 –The headline Stanbic Purchasing Managers’ Index (PMI) moved back above the 50.0 mark in August, posting 50.2 from 34.6 in July. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. The growth is attributed to the partial lifting of […]