The business environment mood lifts but remain cautious (October - December 2015)

The Uganda business climate index (UBCI) improved by 4.9 index points to 99.7 during the October – December 2015 quarter from 94.8 during the July – September 2015 quarter. This indicates a modest improvement in the conditions for doing business in Uganda on a quarterly basis. The improvement of business perceptions was largely driven by favourable product prices and consumer demand particularly for manufactured goods which improved the prospects for job creation. Specifically, strong Gross Domestic Product (GDP) growth, increased demand for agricultural and manufactured goods during the Christmas and New Year festivities and the stabilization of the Uganda shilling supported the improvement of the UBCI.

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