Entrepreneurs have been advised to adopt value addition practices as a gateway to tap into the lucrative trade opportunities locally and across the region. The call was made during the climax of the four (4) day Agri SME Skills Development Program facilitated by PostBank Uganda in partnership with the Federation of Small and Medium Enterprises (FSME) at Uganda Industrial Research Institute (UIRI) in Nakawa, Kampala. Launched in 2022, the Agri SME Skills Development Program forms part of PostBank Uganda’s Corporate Social Investment (CSI) under its Financial Literacy pillar, aimed at empowering Ugandans so that they can participate in the social…
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The latest Stanbic Bank Purchasing Managers’ Index (PMI) covering business activity for the month of June has shed light on Uganda’s private sector showing an expansion midway through the year, as business conditions improve further on the back of increased client numbers and favourable demand trends. This has also reportedly led to the latest rise in new orders and greater business activity in three major sectors including wholesale and retail, manufacturing, and construction. However, agriculture and services companies registered a drop in business activity. The Stanbic PMI findings show that the uptick in new orders in June encouraged firms to…
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The Stanbic Purchase Manager’s Index (PMI) for September shows that the private sector activity remained in the growth territory at the end of the third quarter of 2019. The survey, sponsored by Stanbic Bank and produced by IHS Markit, indicates that ability of firms to secure additional customers resulted in higher new orders and a subsequent expansion of business activity. Meanwhile, both input costs and output prices continued to increase. Benoni Okwenji, Stanbic Bank’s Fixed Income Manager The headline PMI was 55.7 in September, down from 57.5 in August, but still above the 50.0 no-change mark. Stanbic Bank Fixed Income…
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