Gulu, Uganda | THE INDEPENDENT | Prices of cereal crops have risen to a record high in Gulu city and other neighboring districts of Acholi. The price increment comes against the backdrop of a prolonged drought that affected the production of crops in the first farming season. Prices of cereal crops …
Read More »Fitch Solutions maintains palm oil average price this year at 1,160 USD per ton
Kuala Lumpur, Malaysia | Xinhua | Fitch Solutions on Monday maintained its palm oil average price forecast this year at 5,200 ringgit (1,160 U.S. dollars) per ton, seeing a slight recovery in palm oil prices from its recent decline. The Fitch group unit said in a note, for the remainder of …
Read More »Fuel prices stabilizing, but will remain high
NEWS ANALYSIS | THE INDEPENDENT | The prices of fuel in Uganda, particularly in Kampala have continued to rise, but at a slower rate over the last two months, compared to the sharp increases registered between March and early July. Ordinary motorists in Kampala had predicted that by the start …
Read More »Prices slump after drought, cattle rustling hits Karamoja
Moroto, Uganda | THE INDEPENDENT | The persistent drought in the Karamoja region is affecting the cattle trade. In some of the cattle markets visited by Uganda Radio Network, the animals have become emaciated as a result of lack of grass and also persisting raids. At Nadunget Market in Moroto …
Read More »IN THE INDEPENDENT: Col Besigye’s protests
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Col. Besigye’s protests: Will they ever achieve change? THE LAST WORD Uganda’s Prisoners’ Dilemma: Why public investments and appointments are economically inefficient in multi ethnic societies ANALYSIS America snubs Museveni again: Crackdown on …
Read More »MUSEVENI: No subsidies, no tax cuts
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said Uganda cannot take the risk of cutting subsidies and removing taxes from imported products. “That would be definite suicide. It will deplete both family savings and National Reserves, leading to the inability to pay for imports,” he said in …
Read More »Portuguese govt announces measure to cap gas price
Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …
Read More »Ethiopia announces new increases in fuel prices
Addis Ababa, Ethiopia | Xinhua | The Ethiopia Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gas prices by 16 percent starting Sunday. The ministry said in a press statement released Saturday evening that the price hike would see gas prices rise from 31.74 Ethiopian …
Read More »Wheat price up 60 pct in Africa due to Russia-Ukraine conflict: AfDB chief
Abuja, Nigeria | Xinhua | The ongoing Russia-Ukraine conflict resulting in the disruption of wheat exports has pushed wheat prices higher by 60 percent in Africa, President of the African Development Bank (AfDB) Akinwunmi Adesina said in Abuja, the Nigerian capital, on Tuesday. Adesina, in a meeting with Nigerian President Muhammadu …
Read More »Cassava farmers decry low prices
Pader, Uganda | THE INDEPENDENT | Cassava farmers organized under the Acholibur Parish Project, APP, in Pader district are complaining of the low price of cassava per kilogram being offered by Bukona Agro Processors Limited. The APP, an initiative of Archbishop John Baptist Odama, was started in 2017 with the purpose …
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