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Sugar piles up
BusinessNews

Ministry explains rising sugar prises

Reporter | November 24, 2014

The Ministry of Trade says the slight increase in sugar prices has nothing to do with production capacity. Currently a kilogram of sugar goes for around 3,000 shillings up from 2500 shillings a month ago. The Commissioner Bilateral Trade Cyprian Batala says Uganda’s sugar production capacity stands at 420,000 tons, […]


Railway line
BusinessNews

Select committee on SGR meets petitioners today

Reporter | November 24, 2014

Parliament’s select committee set up to probe the alleged fraud in the Standard Gauge Railway project is set to meet petitioners this morning. All the 5 petitioners are expected to give their statements to the committee today after two of their colleagues presented the required documentary evidence on Thursday last […]


BusinessNews

Vibrant private sector key to Africa’s economic growth

Reporter | November 21, 2014

A vibrant private sector could drive Africa’s quest to becoming the most productive continent in the world. According to Prof. Daniel Tarus, an associate professor of Finance at Moi University, private business entities currently generate 70% of Africa’s output and provide 90% percent of its employment. While speaking at the […]


Ugandan Sugar dealers
BusinessNews

Ministry rubbishes claims of mistreatment of sugar dealers

Reporter | November 21, 2014

The Ministry of Trade has rubbished claims of mistreatment of local sugar manufacturers by Kenyan authorities. Sugar manufacturers under the Uganda Sugar Manufacturers Association have often complained about the Sh3 million shillings annual license paid to export sugar in Kenya and delays in clearing sugar exports at the Uganda-Kenya border, […]


BusinessNews

Select committee on SGR starts work today

Reporter | November 18, 2014

Parliament’s select committee meant to probe controversy surrounding the construction of the standard gauge railway starts work today. On Tuesday last week, the Speaker of Parliament, Rebecca Kadaga named the 7-man team, chaired by Nakifuma MP, Sekitoleko Kafeero to investigate the controversy surrounding the construction of the standard gauge railway […]



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