Tag Archives: private sector

Kampala, Uganda | URN | The private sector has spoken against the proposed tax reforms, warning Parliament that some of the measures risk constraining investment, deepening informality, and undermining post-pandemic economic recovery. Appearing before Parliament’s Committee on Finance, Planning and Economic Development on Wednesday, the Uganda Manufacturers Association (UMA), led …

Kampala, Uganda | THE INDEPENDENT | Government is considering providing subsidies to the private sector to spur the construction of low-cost housing in both rural and urban areas, in a move aimed at curbing the rapid growth of slums. The proposal was revealed by the Minister of State for Lands, …

  Kampala, Uganda | THE INDEPENDENT | Following a 10-month period of job creation, Ugandan companies saw a broad stagnation in employment levels and higher input costs during December; nonetheless, driven by other factors, the monthly Stanbic Purchasing Managers Index (PMI) rose slightly to 54.0 compared to the 53.8 recorded …

Kampala, Uganda | Julius Businge | The Uganda Chamber of Energy and Minerals CEO, Humphrey Asiimwe, has lauded the government’s allocation of Shs 875.8 billion in the upcoming financial year towards mineral- based industrial development, including oil and gas. Speaking during the Civil Society Budget Advocacy Group’s (CSBAG) post-budget dialogue held …

BEIJING | Xinhua | China’s private sector saw robust industrial output growth in the first quarter of 2025, with its investment in manufacturing and innovation-driven development also accelerating. The sector, constituting more than 90 percent of enterprises in the world’s second-largest economy, has forged ahead with steady expansion as the …

BEIJING | Xinhua | China is implementing a series of targeted measures to foster a favorable environment for private enterprises and promote growth in the private sector, said an official with the country’s top economic planner. These initiatives focus on easing financing constraints, boosting investment, promoting trade, enhancing talent development …

BEIJING | XINHUA |  Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country’s private sector. Xi, also Chinese president and chairman of the Central Military Commission, made the remarks when attending a symposium …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector remains resilient with the Stanbic Purchasing Managers’ Index (PMI) for November climbing to 55.7, up from 52.9 in October. This marks the eighth consecutive month of expansion, as readings above 50.0 signify positive business conditions. Christopher Legilisho, Economist at Stanbic Bank, described …

Kampala, Uganda | Patricia Akankwatsa | The International Fund for Agricultural Development (IFAD) convened a high-level workshop on alternative financing for agricultural development, spotlighting innovative approaches to scaling private sector engagement. Held under the theme “Scaling Up Engagements with the Private Sector through the Yield Uganda Investment Fund Model,” the workshop …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector has blamed the poor attitude towards compliance with tax obligations on what they call unfriendly tax policies. This comes as the government seeks more ways of encouraging more Ugandans to pay taxes as and when they fall due, and also increasing the …