Browsing: Business activities in Uganda

In April, the private sector in Uganda continued to recover with employment, purchasing orders and business conditions consistently improving since February this year.

This is according to a monthly report sponsored by Stanbic Bank and produced by IHS Markit dubbed ‘Stanbic Purchasing Managers’ Index (PMI)’.

According to the report Uganda’s PMI rose to 57.8 in April 2021 from 53.2 in March which reflected a monthly improvement in conditions.

“Firms posted an increment in new orders and output across each of the five broad sectors thereby extending the current sequence of expansion and growth at the start of the second quarter which is an indication that Uganda’s economy is stabling. A number of respondents indicated that they had secured new customers during the month.” Said Ronald Muyanja, the Head of Trading, Stanbic Bank Uganda.

Purchasing activities in Uganda increased which led to a rise in stocks of inputs, the report noted.…