AARON AKAMPA; Head FMCG at Stanbic Bank

From your perspective, how was the economy affected by Covid-19? The main challenges stem from the various lockdown measures. There was no movement of goods during the lockdown. Mandatory testing of drivers at the border crossings slowed down movements of trucks. Malls and arcades were closed, so goods were not moving or being sold. There was an overall shift downward in demand cycles within the Fast-Moving Consumer Goods (FMCG) space apart from food. Many businesses suffered from cash flow issues. The biggest employer in Uganda is the informal sector which was hurt by the lockdown. This limited disposable income and…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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