Funding deal with Exim Bank to be signed in October, DR Congo also joins Standard Gauge Railway Roofings Ltd, a steel manufacturer based at Lubowa near Kampala, imports almost all its raw materials from abroad through Mombasa Port. To transport a tonne of raw materials by road for one kilometer, …
Read More »Balance of trade quandary
Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …
Read More »UBOS: Prices for manufactured goods increases
Uganda Bureau of Statistics (UBOS) has revealed an increase in prices of manufactured goods by 5.1% between April 2015 and April 2016. Some of the contributors to the annual increase include processed food by 8.1%, a result of a rise in sugar by 20.7%, processed coffee by 10.3%, vegetables and …
Read More »Time Uganda focussed on exports
The high cost of doing business, stagnant production levels, dominance of primary products and limited market intelligence are holding back Uganda’s export potential. These bottlenecks and action needed to change the status quo were the centre of a discussion at a high level policy dialogue on export development and promotion …
Read More »Taxing used-car importers
By Ronald Musoke In April, this year, Leonard Okema ordered for a Toyota Harrier model 2001 from one of the used car dealers in Japan. Unlike many Ugandans who were on June 11 taken by surprise by the Finance Minister Matia Kasaija’s raising of the environmental levy on used cars, …
Read More »India’s Bajaj Auto sees a jump in motorcycle imports in Uganda
By Julius Businge India’s Bajaj Auto Limited has doubled the number of its Bajaj motorcycles imported in Uganda to 70, 000 a year, according to a top official. Speaking in Kampala, the capital city Manish Thapar, the company’s head of East Africa business said Uganda is one of their key …
Read More »Standards body, tax collectors to jointly fight poor quality imports
By Patrick Kagenda UNBS, URA to integrate systems by end of year Uganda has 52 gazetted entry points for imports but only 19 are monitored for quality of goods by the Uganda National Bureau of Standards (UNBS). Smugglers know this. Result: Counterfeits and fake goods, especially electrical appliances, cables, cosmetics, …
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