The Uganda Investment Authority (UIA) is assessing the impact of COVID-19 on the business environment to justify required economic interventions during and post COVID-19 period.
Makerere University Business School-MUBS Economics Lecturer and Policy Analyst, Ramathan Ggoobi says the Coronavirus (COVID-19), which has since been declared a pandemic is economically contagious and has attacked all sectors of the economy at all fronts.
Uganda Coffee Development Authority is mandated to promote and oversee the coffee industry through supporting research, promoting production, controlling coffee quality and improving the marketing of coffee in order to optimize foreign exchange earnings for the country and payments to the farmers.
From humble beginnings inside her kitchen in 2010, Prudence Ukkonika Busingye tells URN what inspired her to venture into wine making. Bella Wine, the business that was started with as little as one hundred Uganda thousand shillings producing five litres of wine, now distributes over fifty thousand litres per year from a factory located in Namugongo, outside Kampala.
Graduands had to brave the rain to make it to Freedom Square at Makerere University as the 67th graduation ceremony entered day two. As expected prices of goods such as umbrellas shot up and ranged between 7000 and 20,000 shillings. A group of students stationed at different entrances targeted anyone with mud on their shoes. Those without vehicles had to pay between 1,000 and 2,000 shillings to have their shoes cleaned.
Dickson Lukwago alias Musomesa operates a canteen in complex hall. Lukwago told URN on Thursday at his small canteen that the abrupt closure of the university has caused him huge losses.
In 2012 alone, exports to Sudan were estimated Shillings one trillion, of which three quarters are to South Sudan. This figure is up from Shillings 981 billion in 2011. Most exports to South Sudan include re-exported cosmetics, vegetables, eggs and construction materials like cement and iron sheets among others.
Ugandan International Affairs minister Okello Oryem says that the government is in the process of verifying the travel documents of former minister Isaac Musumba and his two travel companions before the Indian government can free them.
Some traders in downtown Kampala have redefined the understanding of “Goodwill†to capitalize their businesses, clear debts, sublet their shops and survive harsh business environments. Others have seen their businesses collapse because of the politics of goodwill.
Uganda’s export performance improved in June more than in May according to statistics from the Bank of Uganda. But for the same period Uganda imported more than it exported creating a monthly deficit of 31 million dollars.
