During the current financial year 2012–13, after depreciating by more than 10 per cent till June 2012, the Indian Rupee started recovering gradually in response to major central banks’ decision to go for further policy easing and the announcements of next round of reform measures by the Government. The appreciation is, however, also associated with some degree of volatility.
The long term development of the Ugandan economy will only be possible if the private sector is the engine of economic growth and if the manufacturing sector plays a prominent role in the economy. The business career of James Mulwana demonstrates that the Ugandan private sector can succeed, provided that it follows his example of applying modern commercial principles to the management of business.