Kampala, Uganda | THE INDEPENDENT | Uganda exported a record 6.08 million coffee bags in the financial year 2020-2021, the highest total for 12 months in 30 years. Exports for FY20/21 were also worth $559m compared to 5.11m bags worth $496m in FY19/20. The figures were boosted by June’s 618,388 bags worth US$ 58.56m, …
Read More »Gov’t to levy tax on fish maw exports
Government has been advised to undertake analytical studies on the value of fish maw internationally with the view to increase the levy upwards Kampala, Uganda | THE INDEPENDENT | Parliament has approved an eight per cent tax levy on fish maw exports following the passing of the Fish (Amendment) Bill, 2021. In …
Read More »Jinja produce dealers stuck with maize products due to export restrictions
Jinja, Uganda | THE INDEPENDENT | Dealers in maize and flour in Jinja are currently stuck with their produce following tight clearance restrictions instituted on produce exports to Kenya. Early this month, Kenya banned the export of maize imports from Uganda over allegations that it contained high levels of mycotoxins in …
Read More »Uganda-DR Congo trade volumes up – Kyambadde
Kisoro, Uganda | THE INDEPENDENT | Trade volumes between Uganda and the Democratic Republic of Congo (DRC) has increased by USD 380 million, over the last three years, according to Trade Minister Amelia Kyambadde. Kyambadde explains that in the year 2020, trade volume between the two countries increased to USD 580 …
Read More »Annual coffee export volumes jump 22%
Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee export volumes surged by 22% in 2020 compared to the previous year. The growth has been revealed in the Uganda Coffee Development Authority (UCDA) monthly report of December 2020. The figures for 2020 indicates that exports for calendar year January 2020 to December …
Read More »Africa urged to embrace e-commerce to accelerate trade
Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »Uganda lifts ban on labor export after 8-month COVID-19 suspension
Kampala, Uganda | XINHUA | Uganda on Tuesday lifted the ban on the exportation of migrant workers after an eight-month suspension in efforts to stop the spread of the COVID-19 pandemic. Frank Tumwebaze, minister of gender, labor and social development, said in a statement that all licensed companies involved in …
Read More »Fueling global growth through localization strategy
BUSINESS TIPS | Abbas Rouse | Going global has been every business owner’s dream since business conception. It has not only been a strategy to bring in more profits, but also an effort to serve an escalating decentralized customer base in different parts of the world. However, being successful …
Read More »Kenya’s exports to EAC surpass pre-COVID-19 period
Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …
Read More »East Africa losing revenue due to low investments in value addition
Nairobi, Kenya | Xinhua | The East African Community (EAC) is losing revenue due to low investments in value addition of horticulture and leather produced in the region, says a report released on Thursday. According to the report by East African Business Council (EABC), a private business lobby of …
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