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The News Today

NSSF and high-end houses

Analysts question feasibility of Shs 650m houses in glutted market yet demand is higher for low end accommodation At the beginning of this month, the National Social Security Fund (NSSF) commissioned a large-scale project worth Shs14.5bn to construct a housing estate at Mbuya involving 40 residential houses. This venture puts …

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Sudan gives coffee quality ultimatum

Uganda must comply with new stringent quality standards set by Sudan, the country’s second largest importer of coffee, or else risk having her coffee blocked from the lucrative market. A high profile delegation comprising Trade ministry, UCDA and UNBS officials was in the Sudanese capital Khartoum recently on the invitation …

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Five great football shocks

Nice, France | AFP | Iceland’s 2-1 victory over England in the last 16 of Euro 2016 on Monday was one of the biggest upsets in the history of world football. Here are five other shocks: USA 1 England 0 – 1950 World Cup Some of the US team had …

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Balance of trade quandary

Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …

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