Rise in business activities

The Ugandan economy is gradually returning to the old normal seen from the growth and rise in business activities of the private sector at the end of the first quarter are pointing to that. The headline Stanbic Purchasing Managers’ Index (PMI) posted 53.2 in March, up from 51.2 in February signaling an improvement in business conditions for the second month running. The latest reading was the highest since last November and is just above the series average of 52.9. Sponsored by Stanbic Bank and produced by IHS Markit, the monthly survey involves a questionnaire to some 400 purchasing managers and…