Browsing: Business 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.…

More than 2,000 delegates are expected to attend the G77+China summit that is to be held in Kampala Uganda between April 17-19.

In the United Nations, the G77 is the largest intergovernmental organization for developing countries. It is used as a platform to articulate and promote the countries collective economic interests and increase their joint negotiating capacity on all major international economic issues.

The coalition was initially started by 77 countries but now it has 135 member countries from Asia, Latin America, Africa and the Caribbean.

In October, last year Uganda was confirmed as the host of the summit making it the first African host for the event.

G77 summit brings together heads of state of the Group of 77 coalition and more than 300 other high-level dignitaries from the United Nations and the member states.

Speaking at the Uganda Media Center the senior advisor for communication and outreach at …

Electricity Regulatory Authority (ERA) has reduced power tariffs by an average of Ush2.4 from October to December quarter.

The tariff reduction will apply to all consumption categories including domestic and extra-large consumers.
The first 15 units for Ush250 with units from sixteen upwards now costing Ush752.5 per unit from Ush755.1 in September.

During this period, commercial consumers will enjoy Ush3.4 tariff reduction from Ush669.5 to Ush666.1 while medium industrial users will pay Ush595.6 per unit from Ush599.2, which has been reduced by Ush3.6. Large industries will pay Ush364 from Ush365.7, saving the industrialists Ush1.7.

Extra-large industries, on the other hand, will be paying Ush302.6 per unit from Ush304.7 in the previous quarter saving them Ush2.1 in the three months leading to December.

The Electricity Regulatory Authority has maintained its strategy to continue reducing tariffs on street lighting, which was reduced by almost a half last month to Ush371.4 per unit.…