According to the brief, the Business Climate Index (BCI) improved from 89 in Q2 FY2022/23 to 91 in Q3 FY2022/23. The improvement is mainly driven by Input costs, production cost, activity, turnover, capacity utilisation and profit. However, despite of the improvement, the conditions for doing business remained below potential during the review period (January to March 2023).
Domestic trade (wholesale and retail) is one of the least prioritized in development planning and has received limited attention in Uganda’s policy discourse. Using Uganda National Household Surveys (UNHS) from 2012/13, 2016/17, and 2019/20, evidence reveals that most Ugandans are employed in the retail trade except for motor vehicles and motorcycle activities subsector.
Uganda’s Ministry of Energy and Mineral Development (MEMD) has granted Australian-based mineral producer Ionic Rare Earths approval for works to commence on the construction of a Demonstration Plant at the company’s Makuutu Mine, a rare-earths mine located in eastern Uganda.
As a member of the Extractives Industries Transparency Initiative (EITI), Uganda is required to implement its provisions that aim to improve the participation of women in extractive sector management and encourage the publication of data by gender. EITI standards also require equal participation in decision making and especially addressing inequalities.
Cotton is one of Uganda’s three major traditional crops. The cotton value chain employs several actors including farmers, traders and ginners. Their primary products and by-products are input into various industries namely; cottonseed millers (husks, cake and soap makers), cotton wool manufacturers and textile manufacturers. In general, the lint value chain is more developed than that for by-products.
Over 13percent of youth are unemployed and a much bigger share (40.7 percent) are neither in employment, education or training (NEET), which is inflated by 31 percent of youth engaging exclusively in subsistence agriculture, most of which are not studying and are not considered economically active (UBOS, 2018)