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Business owners project growth in next 12 months – Study

Kampala, Uganda | THE INDEPENDENT | Business owners in Uganda think the next one year will turn out well for their businesses. This has pushed them to hire more staff and increase their stocks, according to Stanbic bank’s monthly index. Three-quarters of company managers interviewed said they were optimistic the …

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Key sectors post impressive growth – Stanbic

Kampala, Uganda | JULIUS BUSINGE | The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October up from 54.2 in September, recording above the 50.0 no-change mark for the 21st successive month. This reading is the highest since the survey began in June 2016. Four of the five monitored …

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Ugandans increase purchasing power- Stanbic PMI Index

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

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Stanbic’s PMI points to consistent economic growth

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …

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Uganda gets 138 billion to fight malaria

The US has awarded $41.4 million (sh138 billion) to Uganda for malaria prevention and eradication. The non-profit organization Malaria Consortium got the sh138 billion contract last week from the US Mission In Uganda to oversee implementation of the Malaria Action Program for Districts Project, a flagship program to help eradicate malaria in …

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