Kenneth Kitungulu, Stanbic Bank Uganda Head of Global Markets. He notes that the steady improvement in business conditions is due to fewer restrictions on business activities throughout the country compared to previous months
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The downturn in the Ugandan private sector as a result of coronavirus disease (COVID-19) continued in May, with further reductions in output, new orders and employment registered. One the other hand, business sentiment returned to positive territory amid hopes of an improvement in activity once the pandemic subsides. The headline Purchase Managers Index (PMI) rose to 41.9 in May from the readin

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