Business

Soap, cooking oil drive down inflation

Tom Brian Angurini | April 28, 2023

The monthly inflation as measured by the consumer price index for Uganda in April 2023 registered a drop to 8 per cent from 9 per cent registered in March. This was mainly attributed to laundry soap inflation which registered minus 6 per cent in April compared to 4.4 per cent […]

Business

High transport costs make country less competitive in trade – Govt

Tom Brian Angurini | March 16, 2023

Government through the Ministry of Trade has revealed that the country still faces high transport and trade costs, making it less competitive than its neighboring coastal countries. This comes at a time in assessing her competitiveness, Uganda’s position is often negatively affected by its trading across borders ranking. Overall, the […]

Business

Uganda targets to raise over $6bn from 13 exports

Moses Ndhaye | February 23, 2023

Government says it is targeting to raise over $6bn from exporting 13 specific products including dairy, coffee, fish, bananas, and tourism among others. The Special Presidential Advisor on Special Duties and chairman of the presidential advisory committee on exports, Odrek Rwabwogo says the said amount is expected to be raised […]

Business

Facebook tops in marketing use in Africa

admin | January 18, 2023

By AFP Facebook retained its lead as the most used social media platform for marketing in Africa, according to findings of a new survey by media monitoring and analysis firm Meltwater. Meltwater’s State of Social Media 2023, which polled more than 1,700 marketing and communications professionals globally, shows 88 percent […]

Business News

Traders decry increased tax on second-hand clothes, shoes

Ritah Kemigisa | November 10, 2022

Dealers of imported second-hand clothes and shoes have threatened to close their shops due to the increased tax being levied on their goods. Speaking to KFM, the chairperson of traders, Andrew Rubaihayo said effective 1st November, import duty per kilogram of used clothes, shoes, and bags was increased. According to […]