Uganda Economy 2020 Archives

July Stanbic PMI shows new orders rise for first time in five months

by Samuel MuhimbaCompany NewsAugust 5, 2020August 5, 2020

The headline Stanbic Bank Purchasing Managers’ Index (PMI) has for the first time since February crossed into positive territory recording a reading of 50.3 in July. This follows easing of…

COVID-19: Uganda gov’t revises growth rates from 6% to between 4.6% -5.7%; warns up to 2.6 million could relapse into poverty in worst case scenario

by Muhereza KyamuteteraThe Big StoryMarch 19, 2020March 19, 2020

The Uganda Minister of Finance, Planning and Economic Development has today told Parliament that Corona Virus Disease- COVID-19 will significantly affect Uganda’s economy, so much so that up to 2.6 million could sink bank into poverty depending on the severity of the disease. In his statement on the economic impact of COVID-19 on Uganda, presented to parliament today, Matia Kasaija,…

COVID-19 ECONOMIC IMPACT ON UGANDA: Key figures you must know

by Muhereza KyamuteteraThe Big StoryMarch 19, 2020March 19, 2020

Today, the government of Uganda released its first estimates of how deep COVID-19 could hurt Uganda’s economy. The figures released by Uganda’s Finance Minister, Matia Kasaija are based on two…