Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …
Read More »Museveni pledges to cut electricity tariffs by sh200 per unit
Manufacturers in Uganda can look forward to reduced costs of electricity and interest rates as the country helps to boost the sector and create jobs, President Yoweri Museveni has said. He said the aim is for manufacturers to pay sh169.39 ($5cents) per unit up from sh372 ($11cents) for electricity per …
Read More »Ericsson to end manufacturing in Sweden, cut 3,000 jobs
Stockholm, Sweden | AFP | Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday. The daily said it had obtained “confidential documents” outlining a three billion kronor (313-million-euro, $350-million) cost-cutting programme. According to Svenska Dagbladet, …
Read More »COMMENT: Mwenda’s pragmatism and mivumba
COMMENT: By Rajab Kakyama Second-hand clothes – Mwenda shouldn’t be in hurry to displace workers in this sector to become beggars on the fringes of great cities Refer to: “America’s harmful threats” (The Independent Aug.26). Unfortunately, I do agree with Mwenda on principle but disagree with his method of …
Read More »What would happen if second-hand clothes were banned?
“These are first class,” says the woman as she shoves undergarments, mostly used bras, at me, “they are well-sorted and imported from UK, Europe, Korea and Australia.” I am in Owino Market, the sprawling market which is renowned throughout East Africa for its bustling trade in second-hand clothing items. I could …
Read More »Alternatives to banning second-hand clothing
Second-hand ban strategy: A peep into alternatives to banning importation of second-hand clothing Trade in second-hand clothing is big in Uganda. In markets and shops in most towns and villages, trade in second-hand clothes improves people’s access to clothing, supports livelihoods, and contributes to national and local government tax revenue. Now, …
Read More »Ugandan takes charge at top brewery UBL
Mark Ocitti Ongom was on Thursday unveiled in Kampala as the new Managing Director (MD) of Uganda Breweries Limited (UBL), taking over from Nyimpini Mabunda. Ongom is only the second Ugandan to lead the beverage manufacturer since UK multinational Diageo Plc, acquired majority shareholding in East African Breweries Limited …
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