Kampala City Traders Association KACITA has noted that there is no need of using Mabira Forest for the Sugarcane growing yet there is a lot of unused land in many parts of the country. The Chairman KACITA Everest Kayondo says Mabira will not be the solution to the sugar scarcity, adding that plantations of sugarcanes […]
Makarere university professor Augustus Nuwagaba has criticized government for failing to listen to their advice against selling public companies through the liberalization program. According to Nuwagaba, the economists warned of severe long term effects arising from this policy but government 20 years ago chose to continue with privatisation. He told a public lecture on economic […]
Sugar producers under their umbrella body Uganda sugarcane technologies association are attributing the current sugar shortage and high prices to external and internal factors. Speaking to journalists at Uganda Journalist Association (UJA) offices in Kampala, the chairman of the association, Mwine Jim Kabeho says, changes in climate in number one producing countries like Brazil, instabilities in countries […]
Members of Parliament want government to put a price ceiling on sugar, and scrap taxes on fuel as some of the measures to address the current economic crisis. MPs say fuel is the main cause of high prices that the country is currently experiencing. They want government to avail Parliament with a list of importers […]
Members of parliament have vehemently criticized government’s approach to the current economic crisis the country is facing. Lawmakers including Theodore Sekikubo, Vicent Kyamadidi, Wilfred Nuwagaba, Mohammed Nsereko and Henry Musasizi say that scrapping off sugar is not enough to rescue Ugandans from the current crisis. The criticisms come only a day after President Museveni meet with the […]
The state minister for finance, Fred Omach has revealed that the cabinet meeting resolution of slashing taxes on imported sugar by 100% is to stay for only six (6) months as govt monitors the situation. Addressing reporters today in Kampala, Omach states that they will keep a close watch on how prices for sugar will move but notes that the current […]
Members of Parliament are urging government to put a price ceiling on all basic commodities. The call comes following announcement by government to reduce taxes on sugar imports by 100%. Addressing journalists at Parliament today, the Kampala Central MP, Nsereko Mohammed said it is not enough to cut taxes but this should be extended to […]
The central bank governor, Prof. Emmanuel Mutebire has today announced a 1% increment in the central bank lending rate which now moves the rate from 13% to 14% this month with the aim of cracking down on the growing inflation in the country. The CBR rate is a tool used by central bank to control inflation but the governor says he will continue […]
Government has been challenged to consider reduction of import duty levied on sugar as one way to address sugar shortage in the country. The country has been hit by the acute sugar shortage with the price of a kilogram to have increased more than doubling since May this year. The retail price now stands at […]
The Uganda consumers’ protection awareness association (UCPAA) has threatened to stage a national wide demonstration in protest against the increasing cost f living in the country. Addressing a news conference in Kampala, the group’s chairman Mulwanyi Taminwa said the demonstrations that will kick off on Thursday next week is meant to show their discontent over […]