Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said Uganda cannot take the risk of cutting subsidies and removing taxes from imported products. “That would be definite suicide. It will deplete both family savings and National Reserves, leading to the inability to pay for imports,” he said in …
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Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …
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Addis Ababa, Ethiopia | Xinhua | The Ethiopia Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gas prices by 16 percent starting Sunday. The ministry said in a press statement released Saturday evening that the price hike would see gas prices rise from 31.74 Ethiopian …
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Abuja, Nigeria | Xinhua | The ongoing Russia-Ukraine conflict resulting in the disruption of wheat exports has pushed wheat prices higher by 60 percent in Africa, President of the African Development Bank (AfDB) Akinwunmi Adesina said in Abuja, the Nigerian capital, on Tuesday. Adesina, in a meeting with Nigerian President Muhammadu …
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Pader, Uganda | THE INDEPENDENT | Cassava farmers organized under the Acholibur Parish Project, APP, in Pader district are complaining of the low price of cassava per kilogram being offered by Bukona Agro Processors Limited. The APP, an initiative of Archbishop John Baptist Odama, was started in 2017 with the purpose …
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Kampala, Uganda | THE INDEPENDENT | Government has urged Ugandans to stay calm, not to panic as commodity prices rise saying that the situation is only temporary. Speaking at the government media center in Kampala, the Minister for ICT and National Guidance Dr. Chris Baryomunsi said the causes for the …
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COMMENT | Samson Tinka | I knew something has changed when my wife received a call from our supplier of baking items on the morning of March 9, 2022 announcing a 15% price increase. Just 12 months ago, the cost of sugar, baking flour and prestige margarine which are the …
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Kampala, Uganda | THE INDEPENDENT | Lawmakers have demanded that government pronounces herself on the rising prices of essential commodities including soap, sugar, cooking oil and fuel. Raising on a matter of national importance during plenary on Thursday, 10 March 2022, Nakaseke South County MP, Paulson Luttamaguzi said a bar of soap …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has defended petroleum distribution companies in Uganda against accusations that they are overcharging motorists for fuel products. The ministry says that it is still convinced that the fuel product distributors are well within acceptable margins, but that …
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Kampala, Uganda | THE INDEPENDENT | The recent introduction of a 200 Shillings levy on each litre of cooking oil, and the 10 percent import duty on crude palm oil are responsible for the increase in prices of edible oils, cleaning products, and personal care items according to manufacturers. Crude palm oil …
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The Independent Uganda: You get the Truth we Pay the Price