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    COVID-19 Impact on Private Sector

    Business conditions continue to deteriorate, says Stanbic Report

    CEO ReporterCompany NewsJuly 3, 2020July 3, 2020

    There has been a slow recovery of business activities amid the coronavirus pandemic after the loosening of lockdown restrictions first announced at the end of May, the Stanbic Purchase Managers…

    World Bank approves UGX1.1 trillion loan to Uganda for COVID-19 economic recovery

    Muhereza KyamuteteraThe Big StoryJuly 1, 2020July 1, 2020

    The World Bank Board of Directors, yesterday, June 29th 2020 approved a $300 million (UGX1.1 trillion) budget support loan request by Uganda to boost the “Government’s capacity to prevent, detect…

    COVID-19: EU Gives Ministry UGX 25B for Tourism Industry Reopening

    URNBanking & Financial ServicesJune 29, 2020June 29, 2020

    The Ministry of Tourism has negotiated a 6m Euro (25.2 billion) stimulus package from the European Union towards the private tourism sector for post lockdown operations. This was disclosed by the…

    Shell Select online platform to make shopping safe, convenient for clients

    CEO ReporterCompany NewsJune 29, 2020June 29, 2020

    Customers can now do their shopping at Shell Select shops through a new online shopping platform dubbed “Click to Collect or Deliver”. Through a dedicated website, for an initial 10…

    Bar, Restaurant Owners Petition Kadaga over Reopening

    URNBanking & Financial ServicesJune 26, 2020June 26, 2020

    Club, Restaurants and Entertainment owners Association have petitioned the Speaker of Parliament Rebecca Kadaga seeking a phased reopening of the entertainment sector.  The Association led by their chairperson Tesfalem Gherathu…

    Boda Boda Cyclists Want to Meet Museveni over Continued Lockdown

    URNBanking & Financial ServicesJune 26, 2020June 26, 2020

    Boda boda cyclists in Kira municipality want to meet President Museveni over continued lockdown that has left them with no source of income to cater for their families.    On…

    Traders Now Bribing KCCA Officials to Operate as Arcades Remain Closed

    URNBanking & Financial ServicesJune 25, 2020June 25, 2020

    Several city traders are paying hefty bribes to law enforcement officers to allow them to operate. This follows the President’s decision to maintain the suspension on arcades as part of…

    5000 Schools Facing Closure Due to Lockdown, says NPA

    URNBanking & Financial ServicesJune 25, 2020June 25, 2020

    About 5,000 private schools and higher institutions of learning face permanent closure due to the effects of the COVID-19 pandemic, the National Planning Authority (NPA) has warned.  Rogers Matte, the…

    Microfinance Support Centre Seeks UGX 300b To support saving schemes

    URNBanking & Financial ServicesJune 19, 2020June 19, 2020

    The Uganda Microfinance Support Centre needs up to UGX313 billion to cushion microfinance institutions from the effects of the lockdown, occasioned by the outbreak of coronavirus disease. Peter Mujuni, the Executive…

    The new normal: Businesses should see growth areas after COVID-19

    CEO ReporterThought LeadershipJune 17, 2020June 17, 2020

    By Michael Jjingo, General Manager Commercial Banking – Centenary Bank Certainly, post COVID-19 will not be business as usual!  Change in customer behaviours will reshape business models in the post-coronavirus…

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