Inflation back to single digits and resurgence in growth continues
The region has succeeded in taming the inflation levels from double digit of 30.5 per cent, 19.8 per cent and 19.7 per cent for Uganda, Tanzania and Kenya in 2011 to 5.5 per cent, 5.7 per cent and 8.0 per cent. Continue reading →
If business failure is defined as liquidating all assets with investors or entrepreneurs losing almost all or all of their investment then business failure is estimated at between 30 and 40 per cent according to Shikar Ghosh a senior lecturer at Harvard Business School. Uganda like other fellow East African nations is no exception to this business reality. Ranked as one (6th) of the most entrepreneurial countries globally by the Global Entrepreneurship Movement in 2010, the big challenge remains the more than commensurate business failure rate after periods of between 3-5 years from establishing the business.