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Tag Archives: Market

Traders loses millions as fire guts Elegu Market

Elegu, Uganda | THE INDEPENDENT | Fire has razed down Elegu Market in Amuru District, at the Uganda-South Sudan border. Preliminary reports indicate the fire started at about 1 am on Monday before spreading across the entire market structures made of bamboo poles, timber, and iron sheets. Noah Katende, a …

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ICO exit has no consequence on Uganda’s coffee trade: Experts

Kampala, Uganda | THE INDEPENDENT | The government of Uganda has explained that the decision to stay away from the International Coffee Agreement (ICA) extension was inevitable for the good of the local industry, a position agreed to by some private sector players. The ICA is an instrument for international cooperation …

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RCC orders over-due elections in Mbale Central Market

Mbale, Uganda | THE INDEPENDENT | Ahamada Washaki, the Mbale Resident City Commissioner has tasked the city authorities to organize elections for the executive of Mbale Central Market. It follows complaints by some vendors against the Ayubu Madoi led executive for allegedly mismanaging the affairs of the market, financial impropriety and …

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Busega Market construction nears completion

Kampala, Uganda | THE INDEPENDENT | Busega Market being constructed in Lubaga division is 99 % complete and Arab Contractors are soon expected to hand over the project. Ben Kumumanya, the Permanent Secretary of the Ministry of Local Government says the contractor has only one percent works remaining to complete …

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Mukono authorities, vendors disagree over market space

Mukono, Uganda | THE INDEPENDENT | Vendors operating in an open weekly market at Mbalala trading center in Mukono district have disagreed with local authorities on the new proposed market space. The Mbalala LCI chairperson Mohammed Wamala resolved to shift the weekly market to Kasenge playground. The market with more than …

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U.S. equities post weekly gains amid earnings, economic data

New York, U.S. | Xinhua | U.S. stocks advanced for the week as Wall Street assessed a batch of earnings reports and economic data. For the week ending Friday, the Dow gained 0.4 percent, the S&P 500 rose 1.3 percent and the tech-heavy Nasdaq Composite advanced 2.7 percent. For October, the …

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UNBS closes 50 maize mills in quality enforcement drive

Luwero, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has commenced enforcement of quality standards against uncertified maize grain and maize flour. The enforcement started with the closure of more than 50 mills in parts of Luwero and Jinja among others. This follows a year-long quality sensitisation campaign which …

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Gov’t negotiating with COMESA countries for trade

Kampala, Uganda | THE INDEPENDENT | The government has said that it is exploring new market opportunities within the Common Market for Eastern and Southern Africa-COMESA member states. Uganda is currently facing a big challenge with key neighbors like South Sudan facing political unrest and the border closure by Rwanda. Some …

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