Analysts hail UNOC’s ambitions but reality of fuel business complex COVER STORY | ISAAC KHISA | The decision by the government of Uganda to directly enter the oil importation and cut out middle players has blown a cloud of uncertainty in the US$2 billion business that is the heartbeat of the …
Read More »Uganda records positive balance of trade, as gold receipts hurt
Kampala, Uganda | THE INDEPENDENT | Uganda’s export and import trade sector recorded declines in both volumes and value in the last six months of the year ending October 2021, as economic activity slowed down compared to the previous six months. Uganda had previously recorded a deficit in trade in both …
Read More »Global trade frictions severe in 2020: report
Beijing, China | Xinhua | Global trade frictions were severe last year due to the COVID-19 pandemic and also the consequent economic decline, said a report from China’s trade promotion body. The global economic and trade measures index, introduced by the China Council for the Promotion of International Trade, was on …
Read More »IGG: Kyagulanyi must declare bulletproof car by March 31
Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government is waiting for National Unity Platform (NUP) president Robert Kyagulanyi to update the anti-corruption body on his wealth since information circulated that he had got a donation of an armored (bullet-proof) car. The Leadership Code Act 2002 of Uganda, compels all …
Read More »Zimbabwe to test vehicles imported from Japan for nuclear radiation contamination
Harare, Zimbabwe | Xinhua | Zimbabwe on Tuesday ordered that all motor vehicles being imported from Japan should be inspected for radiation contamination. The move is meant to ensure that the imported vehicles are free from the radioactive contamination that took place in Japan following the Fukushima nuclear plant disaster in …
Read More »Panick as China stops import of recycled plastics
Ugandan traders fear losses but Coca-Cola offers hope Kampala, Uganda | RONALD MUSOKE | A trader without a market now; that is Peter Musiige, the manager of a small plant that has been exporting recycled plastics to China. He lost his market when the Chinese government on Jan.01 started implementing a …
Read More »VIDEO: Counterfeits distort large Import bill of machinery in Uganda
VIDEO: Counterfeits distort large Import bill of machinery in Uganda Kampala, Uganda | NTV UGANDA | Uganda’s import bill on machinery equipment, vehicles & accessories hit nearly $1 Billion dollars (3.6 Trillion), according to the latest report issued by government on Wednesday. But automobiles fitting into this large import bill on …
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