Kampala, Uganda | THE INDEPENDENT | Uganda’s fuel prices have edged up by around 5% amid rising tensions in the Middle East, but strong reserves and reforms in the country’s procurement system have limited the impact on consumers. Petrol and diesel remain below previous highs recorded before the Uganda National …
Read More »FUEL: Kenyans flock to Uganda for cheaper prices
Busia, Uganda | URN | Kenyans motorists have begun crossing into Uganda in search of cheaper fuel at the pump station in the border district of Busia. They say the prices in Uganda seem to be lower than those in their country. As fuel prices increase in most countries, a …
Read More »Uganda urges oil dealers to keep pump prices stable amid Middle East crisis
Kampala, Uganda | Xinhua | Uganda on Wednesday urged petroleum marketing companies not to use the ongoing Middle East crisis as a pretext to raise pump prices. Ruth Nankabirwa, Minister of Energy and Mineral Development, said in a video clip posted on the social media platform X that there is …
Read More »Meat consumers decry hike in prices in Kapchorwa
Kapchorwa, Uganda | THE INDEPENDENT | A sharp increase in meat prices in Kapchorwa Municipality has raised concern among consumers, food vendors, and local leaders, with residents warning that the trend is straining household incomes, threatening livelihoods, and could fuel crime and disrupt the local food economy. Over the past week, …
Read More »Government mandate stabilizes Uganda’s sugarcane sector with price floor
Kampala, Uganda | THE INDEPENDENT | In a decisive move to stabilize a key agricultural industry, the Ugandan government has brokered a binding agreement setting a minimum price of Shs125,000 per ton of sugarcane for the Busoga region. The intervention, finalized in a high-stakes Kampala meeting on Dec. 19, directly …
Read More »Coffee prices rebound
Mbale, Uganda | THE INDEPENDENT | Coffee farmers in Uganda have reason to smile as the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) confirms a rebound in coffee prices after months of decline. In a media brief issued today, Minister Frank K. Tumwebaze reassured farmers and stakeholders that the coffee sector …
Read More »Hot weather, rising food prices push up inflation in Uganda
Kampala, Uganda | THE INDEPENDENT | The effects of harsh weather conditions are not only causing discomfort for Ugandans but are also impacting the economy, with rising food prices contributing to inflationary pressures. The latest Consumer Price Index (CPI) report from the Uganda Bureau of Statistics (UBOS) shows that annual …
Read More »Cassava farmers in Teso decry low prices
Soroti, Uganda | THE INDEPENDENT | Cassava farmers in Teso are facing a dire situation as prices for their produce have plummeted in the region. This crisis is exacerbated by diseases affecting cassava crops, leading to rotting and further diminishing market value. Augustine Akutu, a renowned farmer and Chairperson of Businessmen …
Read More »Tomato, fresh leaf vegetable prices increase Uganda’s inflation rate
Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …
Read More »With better performance, prices, Chinese electric cars sell better than U.S. ones: FT
LONDON | Xinhua | Chinese electric cars sell better than U.S. “inferior” ones due to their better performance and affordability, the Financial Times reported, citing the head of a global battery material producer. Chinese vehicles are “simply good cars and people buy them,” Mathias Miedreich, CEO of Umicore headquartered in …
Read More »
The Independent Uganda: You get the Truth we Pay the Price