COVID-19: Uganda president announces 14 day national lockdown
Uganda's President Yoweri Kaguta Museveni in his address to the nation last night announced a nationwide lockdown for the next two weeks as the country battles the covid19 pandemic. NTV's Qatahar Raymond Mujuni joined CNBC Africa for more.
Tue, 31 Mar 2020 10:13:50 GMT
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AI Generated Summary
- Citizens in Uganda are confused about the details of the nationwide lockdown announced by President Museveni in response to COVID-19, with limited movement on the streets and long lines outside supermarkets.
- The Ugandan stock exchange has seen a drop in performance following the lockdown, with institutional investors anticipating further challenges in the coming weeks.
- The government is preparing a stimulus package to address the economic fallout of the lockdown, with a focus on providing relief to businesses and individuals. Concerns remain about how the informal sector, which makes up a significant portion of Uganda's workforce, will be supported during this time.
Uganda's President Yoweri Kaguta Museveni recently announced a nationwide lockdown in response to the ongoing COVID-19 pandemic. The move has sparked confusion among the country's citizens, many of whom are unclear about the specifics of the lockdown. NTV's Qatahar Raymond Mujuni provided insights into the current situation in Uganda during a recent interview with CNBC Africa. The lockdown has seen limited movement on the streets, with only essential vehicles such as trucks carrying goods and emergency vehicles allowed to operate. Citizens have been lining up outside supermarkets, highlighting the impact of the lockdown on daily life. The economic implications of the lockdown are also significant, with the Ugandan stock exchange experiencing a drop in performance. Institutional investors are closely monitoring the situation, anticipating further challenges in the coming weeks. To address the economic fallout, the government is preparing a stimulus package, including relief measures for businesses and individuals. Finance Minister of Uganda has been in talks with international institutions to secure financial support for the country. However, concerns remain about the informal sector, which constitutes a significant portion of Uganda's workforce. Informal workers, such as motorcycle taxi drivers and household workers, may not benefit from formal stimulus packages. The government faces challenges in reaching and supporting these individuals, raising questions about the inclusivity of economic relief efforts. Despite these challenges, President Museveni has emphasized the importance of maintaining food production and trade, particularly in rural areas, to ensure the country's economy continues to function. As Uganda navigates the impacts of the lockdown, attention is turning to how the government will support all sectors of society during this challenging time.