Business news

July 10, 2020

Tough times as COVID-19 makes Ugandan households to spend 30 percent less

By Our Reporter Currently, on average, Ugandan households spend Shs 10,800 per day, down from Shs 14,100 in January 2020. The drop is sharper in rural […]
July 10, 2020

Uganda’s GDP to go further negative in 2021 as Covid-19 hits hard economy

By George Mangula The latest World Bank’s Uganda Economic Updates projects that the country’s real GDP growth of between 3–3.3 percent in FY20 (from 6.5 percent […]
July 8, 2020

African Energy Chamber launches new jobs portal, pledges to boost local content

By George Mangula In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the […]
July 8, 2020

Africa’s growth stands to rebound to 3 percent in 2021, AfDB says

By Our Reporter Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African […]