Kampala, Uganda | THE INDEPENDENT | Traders in Kampala are feeling the pinch of rising commodity prices. They reveal that their sales have been so low in the last two months, and indication the customers are also struggling. Some of the traders who spoke to Uganda Radio Network – URN …
Read More »Ugandan goods still restricted despite Rwanda border re-opening
Kabale, Uganda | THE INDEPENDENT | Most Ugandan goods are yet to get clearance to be imported into Rwanda, a month after border-reopening, our reporter has learnt. The Rwandan authorities ‘fully reopened’ the border this month, a month after partial re-opening. President Paul Kagame had closed the borders on February …
Read More »What do we do if prices of household items get out of reach?
COMMENT | Samson Tinka | I knew something has changed when my wife received a call from our supplier of baking items on the morning of March 9, 2022 announcing a 15% price increase. Just 12 months ago, the cost of sugar, baking flour and prestige margarine which are the …
Read More »‘Stopping truck drivers would be suicidal’
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has said movement of cargo inside the country and from neigbouring countries is crucial for the running of esential services needed int he fight to contain the COVID-19 pandemic. He said therefore, it would be ‘suicidal’ for government to consider …
Read More »Traded goods worth UGX 2.5 trillion undetected annually – Report
Kampala, Uganda | THE INDEPENDENT | Deliberate falsification of invoices and manipulation of customs rules by organizations and individual traders is costing Uganda trillions of shillings in revenue, a new study has shown. A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade …
Read More »Traders suspend imports from China
Kampala, Uganda | THE INDEPENDENT | Traders who import most of their goods from China say they have been unable to send money for goods or fly to China as most factories supplying them are closed due to the outbreak of the coronavirus. This will likely have an impact on the …
Read More »Benin counts the cost after Nigeria shutters border
Cotonou, Benin | AFP | Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19, President Muhammadu Buhari unexpectedly closed Nigeria’s borders to goods trade with Benin and Niger, declaring the …
Read More »Trump targets China with tariffs on $300bn in goods
Washington, United States | AFP | US President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, prompting Beijing to warn it was the wrong way to resolve the trade war. Trump’s move jolted US and Asian stock markets and came just a …
Read More »Export earnings fall 50% in April
Kampala, Uganda | THE INDEPENDENT | Uganda’s exports earnings fell sharply in the month of April compared to March owing to a drop in gold exports and goods crossing to Rwanda, a Ministry of Finance filing shows. The May 2019 economy performance report shows that export earnings fell by 49.1% …
Read More »Uganda posts trade surplus with EAC, Europe, and rest of Africa
Kampala, Uganda | THE INDEPENDENT | Uganda sold more goods to the East African Community, the Rest of Africa, and the rest of Europe than it imported in the month of March, according to the Ministry of Finance April report. The rest of Europe is made up of all countries outside …
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