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The recently concluded nationwide 42-day lockdown intended to lessen the spread of a second wave of the Covid-19 pandemic across Uganda has added to the continued economic slowdown. The headline Stanbic Purchasing Managers’ Index (PMI) slipped to 34.6 in July, down from 34.9 recorded during June. This is the second successive decline in business conditions since the lockdown was enforced on June 18. The latest reading is well below the series average of 52.5. Output, new orders and employment were all down for the second successive month. Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda said “a reduction…
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By Cynthia Kyofuna The Covid-19 pandemic is indeed the wave that we were promised it would be. As much as we registered our first case in May 2020, 3 months after the official announcement by the World Health Organization, it hasn’t stopped the fact that we have registered cases and deaths. The unforgivable side to this tale is how the country’s leaders have been negligent in this fight. It is no secret that uganda is among the countries whose healthcare systems are unable to support the needs of its citizens even with a reputation as the top country in Africa…
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