Kampala, Uganda | URN | Uganda’s trade deficit with the East African Community (EAC) widened to 809 million US dollars in August 2026, as imports from Kenya and Tanzania far outstripped exports, according to data compiled by the Uganda Development Bank (UDB) research department. Uganda earned 241.29 million dollars from …
Read More »BOTTOM LINE: Uganda must earn more dollars than it spends – year after year
The strongest protection is not just raising interest rates or special windows for dollars. It is building an economy that sells more than it buys from the rest of the world COMMENT | MORRISON RWAKAKAMBA | In simple words, Uganda needs to earn more dollars than it spends, year …
Read More »Steel & Tube targets local iron ore production to reduce reliance on imports
Kampala, Uganda | THE INDEPENDENT | Steel & Tube Industries Limited is exploring opportunities to develop a domestic iron ore supply chain as part of efforts to reduce its dependence on imported raw materials and expand local steel production. The company disclosed its plans during the Construction Hardware Dealers Association …
Read More »Agents, UNBS agree on imports clearance
Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has urged clearing agents to help the business community comply with the Imports Inspection and Clearance processes in an effort to improve service delivery. It is common for traders to accuse UNBS of confiscating their goods on …
Read More »How coffee boom is helping Uganda’s trade balance
Uganda Exports 🇺🇬 🟡Feb 2024 🔵2025 Feb Coffee $82.56m $167m Cocoa $25.98m $68.7m Tobacco $2.89m $17.05m Minerals $268.88m $318.71 NEWS ANALYSIS | NEBERT RUGADYA | Uganda’s …
Read More »Putin praises pace of import substitution in scientific sector
NOVO-OGAREVO | TASS | Russia has achieved significant success in substitution of imported scientific equipment, President Vladimir Putin noted at a meeting with young scientists. “Last year in August, we discussed the issue of domestic laboratory equipment. Everyone who works in this area has achieved good results. Today, we have …
Read More »UIA launches initiative to transition traders of imported products to local manufacturers
Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) has unveiled a groundbreaking initiative to encourage traders in Kampala’s business hub, popularly known as Kikuubo, to transition from trading in imported products to manufacturing them locally. The “Transitioning Kikuubo Traders to Manufacturing” initiative” is hinged on the spirit …
Read More »What, if anything, has U.S. gained from its trade war with China?
BEIJING, CHINA | Xinhua | Though clashing in many ways, the current U.S. administration and its Republican predecessor have one thing in common: the trade war against China. As recently as February, U.S. utility company Duke Energy, under pressure from Congress, reportedly planned to remove Chinese battery giant CATL from …
Read More »Uganda recommends Tanzania route for fuel imports
Kampala, Uganda | THE INDEPENDENT | Uganda kicked off consultations with Tanzania to allow the Uganda National Oil Company to market and handle fuel imports. The latest move comes after declined to issue Uganda National Oil Corporation (UNOC) a license to operate as a local oil marketer. Energy And Mineral Development …
Read More »Kenya moves to stop powdered milk imports
Nairobi, Kenya | THE INDEPENDENT | Uganda’s milk export figures are likely to suffer a new dent after Kenya suspended imports of powdered milk. In a notice dated March 6 to all milk importers in Kenya, the Kenya Dairy Board, KDB, said it was moving to protect local farmers from …
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