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 …
Read More »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 …
Read More »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 …
Read More »THIS WEEK: Rise in orders gives hope to Uganda’s private sector
THIS WEEK: Rise in orders gives hope to Uganda’s private sector Kampala, Uganda | THE INDEPENDENT | Uganda‘s private sector has continued to register an increase in both output and new orders for the seventh consecutive month during August. The latest Stanbic Bank’s Purchasing Managers’ Index (PMI), which is based …
Read More »Uganda’s private sector activity improves on strong demand
Uganda’s private sector activity improves on strong demand, but experts are worried that improvement in economic activities is likely to stir imports, putting pressure on the exchange rate and so is operational costs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s latest report– Purchase Managers Index (PMI) for June 2017 …
Read More »American funding impacts Uganda’s health sector
Stella Kabasinguzi is a mother of twins. She gave birth to the two boys by C-section at Kyenjojo Hospital in western Uganda. They arrived preterm weighing only 2kg and 1.7kg at birth and were in danger of dying if it had not been for the hospital’s neonatal intensive care unit …
Read More »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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