In a developing country like Uganda, the main source of labour productivity growth is the modern business sector, for reasons I will discuss shortly. The modern business sector in many respects is conterminous with medium sized and large companies. In Uganda, there are few large companies, so the modern business sector of our economy mainly comprises mid-sized companies.
2  The Bank of Uganda’s annual Private Sector Investment Survey (PSIS) provides valuable information on this sector of our economy. The 2016 PSIS (which is available on our website – www.bou.or.ug) provides data derived from 630 companies which responded to a questionnaire; and these companies comprise the majority of the largest companies in Uganda.