Market Information
latest market news and reviews
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UPDF, Chinese start manufacturing automobile filters in Mbale Industrial Park
MBALE CITY, February 10, 2024 – The National Enterprise Cooperation [NEC], the investment arm of the Uganda People’s Defence Force [UPDF], and Chinese company WATU-China have commissioned a plant in Sino-Uganda Mbale Industrial…
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Farmers advised to use improved agricultural inputs to boost production
KWEEN, February 9, 2024: Farmers in Bugisu and Sebei sub-regions have been advised to use improved agricultural inputs in order to boost farm production and productivity, hence ensuring food security in the…
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Global coffee exports rose 12.6 percent in December 2023
KAMPALA, February 8, 2024 – According to the latest report released by the International Coffee Organisation [ICO], global green bean exports in December 2023 hit 10.87 million bags, as compared with 9.66mln…
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Uganda’s economy continued its recovery from multiple external shocks, despite turbulent global environment-report
KAMPALA, February 6, 2024 – Uganda’s real gross domestic product [GDP] growth rate rose from 4.6 percent in the financial year 2022 to 5.2 percent in FY20231, but domestic challenges persist, and…
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Africa: Oil & gas projects to watch in 2024
JOHANNESBURG, February 6, 2024 – According to the oil & gas sector analysts, 2024 will be a critical year for Africa’s oil & gas sector with several key projects reaching commissioning stage…
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FAO Food Price Index down again in January led by lower wheat and maize prices
KAMPALA, FEBRUARY 5, 2024 – The benchmark for world food commodity prices fell further in January, albeit slightly, led by decreases in the prices of cereals and meat, which more than offset…
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Sensitise citizens on minerals, minister urged
KAMPALA, February 2, 2024 – The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu has been asked to table a statement in parliament on government plans to sensitise the citizenry on…
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Policy reversal on livestock vaccination in the offing, says minister
KAMPALA, February 2, 2024 – The Minister of Agriculture, Animal Industry and Fisheries [MAAIF], Frank Tumwebaze has said that government is considering a policy reversal on vaccination of livestock, to allow farmers…
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Trade ministry asked to explain cause-of-low prices of cotton in the country
KAMPALA, February 1, 2024 – Members of Parliament have asked the Ministry of Trade, Industry and Cooperatives [MTIC] to explain the cause of the low prices of cotton, and other cash crops,…
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BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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