Kampala, Uganda | THE INDEPENDENT | Streaming giant Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers, BBC reported on Feb.24. Prices have been cut in parts of Asia, Europe, Latin America, sub-Saharan Africa and the Middle East. It comes as the rising …
Read More »Residential land prices in affluent suburbs of Kampala falls
The residential pipeline activity remains high, with apartment units in Naguru, Kololo and Nakasero coming online in the next 2 years Kampala, Uganda | THE INDEPENDENT | Residential land prices in Kampala’s affluent suburbs dropped by approximately 10% in the second half of 2022 owing to an increased supply of re-development …
Read More »Petroleum Authority predicts further reduction in fuel prices
Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda is predicting a further fall in fuel prices in Uganda on the back of increasing supply chains and frugal monetary policies by the Central Bank. By press time, a litre of petrol was going for an average of Shs5,120 and …
Read More »Global food prices surge 14.3 pct in 2022: FAO
Rome, Italy | Xinhua | Pushed by higher energy and fertilizer prices stemming from the ongoing conflict between Russia and Ukraine, global food prices were 14.3 percent higher in 2022 than a year earlier, the Rome-based United Nations Food and Agriculture Organization (FAO) said on Friday. In 2022, the FAO’s sub-indexes show …
Read More »How the community should respond to the escalating commodity prices or constrained economy
COMMENT | MICHAEL JJINGO | What should we do? “The continuing spike in prices is bad for consumers, for our economy, and bad for all other businesses. It’s hurting us and costing us jobs” Jodi Rell. Apart from the Covid 19 lock down effects, Russia’s invasion of Ukraine hit the commodity …
Read More »Cane farmers make case for amended Sugar Act
Kampala, Uganda | THE INDEPENDENT | Sugarcane out growers have demanded for expeditious amendment of the Sugar Act, 2020 to include a revised formula on determination of cane price. A section of farmers from Mukono and Kayunga districts say that exclusion of other cane products such as molasses, carbon dioxide, bagas and …
Read More »Cereal prices soar in Gulu city amidst scarcity
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 …
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