Latest stories tagged “private sector”
According to the latest Stanbic Bank Kenya Purchasing Managers' Index (PMI), Kenya's private sector activity improved in June, rising to 50 from 46.6 in May. This increase indicates a stabilisation in business conditions, attributed to rising sales.
The Private Sector Budget Review Dialogue has raised concerns about policy bottlenecks affecting Uganda's economic growth. Industry leaders argue that high operating costs and regulatory challenges hinder competitiveness, which is crucial for achieving the country's ambitious growth targets. They emphasize that enhancing business conditions may be as vital as increasing revenue mobilization to support Uganda's tenfold growth agenda.
In April, Uganda's private sector showed increased activity, with the headline purchasing managers' index rising to 55, its highest in five months, according to the Bank of Uganda's business tendency survey. Financial services experienced their strongest growth ever, indicating strong confidence in the sector, despite ongoing fuel-driven cost pressures. However, the survey also suggested that the underlying momentum may be losing some of its earlier strength.