COVID-19 Impact on Private Sector Archives

Kenneth Kitungulu, Stanbic Bank Uganda Head of Global Markets

Business conditions continue to deteriorate, says Stanbic Report

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 Index (PMI)

July 3, 2020

Company News

Tony Thompson, the World Bank Country Manager for Uganda says that the money will be used to enable the Government to provide vital services, social safety nets and a more robust shock-responsive system for the long term, and the economy to recover faster.

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

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 and treat

July 1, 2020

The Big Story

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

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 Accounting officer

June 29, 2020

Banking & Financial Services

A Shell Select outlet at Shell Makindye, one of the new locations that were commissioned by Vivo Energy Uganda in 2019 as part of a countrywide network expansion to improve accessibility and convenience

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

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 shops spread

June 29, 2020

Company News

Government is said to be reviewing some suggestions that were made, in regard to how bars can operate, even amidst the pandemic. Courtesy photo

Bar, Restaurant Owners Petition Kadaga over Reopening

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 says that

June 26, 2020

Banking & Financial Services

President Museveni said if the boda bodas are allowed to transport people at this stage of the infection it may lead to further spread of the virus

Boda Boda Cyclists Want to Meet Museveni over Continued Lockdown

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 Monday, President

June 26, 2020

Banking & Financial Services

Traders have resorted to selling merchandise in cars

Traders Now Bribing KCCA Officials to Operate as Arcades Remain Closed

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 the COVID-19

June 25, 2020

Banking & Financial Services

Joseph Muvawala, the Executive Director of National Planning Authority (NPA

5000 Schools Facing Closure Due to Lockdown, says NPA

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 Manager Macroeconomic

June 25, 2020

Banking & Financial Services

The Microfinance support centre has also called on Parliament to allocate money to set up the savings protection fund

Microfinance Support Centre Seeks UGX 300b To support saving schemes

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 Director of

June 19, 2020

Banking & Financial Services

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

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 world. Businesses

June 17, 2020

Thought Leadership

COVID-19 Impact on Private Sector- Page 3