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Daily MonitorCommodities


URA auctions 50 vehicles, 45 motor cycles


Other items on auction include washing machines, fridges, wines and juice, mattresses, cigarettes and microwaves

Luweero coffee farmers, dealers to enforce standards


The say the current penalties are not harsh since the offenders easily pay off the fines and engage in the same illegal deals, something which compromises coffee standards and fuels coffee theft

Insurance regulator to create anti-fraud unit


IRA is now accelerating plans to adopt an online motor third party platform and amending the Motor Third Party Act to address the emerging fraud

Upgrade digital systems or be prone to fraud, banks advised


This means regulators need to grapple with a number of issues to respond to the impact of technological advances on the financial sector

Put govt under pressure on tax evasion - officials


The report indicates that the amounts lost in the illicit financial flow are mainly through criminal activities such as illegal capital outflows, with the extractive sector being the most highly targeted

Ugandan wins CEO Global awards


Mr Bagumire’s success was hinged on a stringent scrutiny process that involved 12 judges KMPG, a auditing firm to ensure that the processes are equitably applied to all participants

Government urges traders to embrace electronic system


The electronic single window, launched in 2016 by the ministry, is an online trade facilitation government initiative that, among others, enables international cross- border trade

Mutukula border facility to be launched today


The OSBP is a “one stop” form of border crossing point jointly managed by neighboring countries and where activities are streamlined to maximise efficiency

UNBS confiscates 2,000 litres of fake cooking oil


The adulterated cooking oil is rampant in areas around Bugiri where unscrupulous dealers siphon it off tankers carrying crude cooking oil which is a raw material for processed cooking oil

Uganda coffee meets Sudan’s new export standards


Sudan gave Uganda a two-year grace period to comply with its new standards of coffee exports or else lose the market

Investors call for lower power tariffs


Mary Immaculate Akello, the human resource manager Nilus Tobacco Processing Company, said the high tariffs have intensified the cost of production and prices of commodities

Hungary pledges to modernise Uganda’s Tourism, Agriculture


Gordon Wavamunno, Uganda’s consular to Hungary, explained that all the high end fabrics sold in USA, UK, Italy and other European capitals, are manufactured from Hungary

Internet security a challenge to businesses - expert


Mr Yaron Farachi, the country manager Gilat Telecom Uganda, said protection of data in the digital space is increasingly becoming a priority lest the information ends up in the wrong hands

Government considers fuel barge on Lake Victoria


The 30million-litre reserves located in Kirinya in Jinja were constructed as national fuel reserves and the facility had a ship to supply fuel to Gapco depots nearby

Rice shortage worries consumers, traders


According to consumer advocates, already the population is facing hard times due to the grappling economy and the low purchasing power of the consumers

Chinese property developer hands over houses to Mengo


Mengo has launched a multibillion Shillings real estate project in Wakiso District where each unit lease is 99 years

Paint war: Sadolin, Plascon face-off in downtown Kampala


This reporter saw several Sadolin marketers moving door-to-door spreading the word about Sadolin

3,000 dairy farmers to get livestock handling skills


According to the firm’s managing director Devendra Seth, farmers should take advantage of the service and get solutions for their livestock needs

Reforms to attract investors in mining sector underway


A new Mining Policy 2016, is under review to emphasise policies and programmes that will increase value addition in the mining sector, both at the community level for individual mines

URA in tax education to boost revenue collection


Rumanyika said the campaigns have prevented taxpayer exploitation in the wake of the new tax measures

Cabinet endorses policy to regulate packaged water


Manufacturers Association to complement Government through participating in co-regulation of the sector

New report faults Budget performance in sectors


The local government, who interface directly with the population on daily basis, is central in budget performance, but always short of resources to sort most of the pressing problems the population

Monthly survey reveals drop in economic growth


Mr Jibran Qureshi, the Standard Bank regional economist for East Africa, while announcing the results in Kampala last week

Tyre producer moves to strengthen market share in Uganda


Mr Wang Feng, the president and chief executive officer Linlong Tyres said the company was introducing new long lasting tyres on the market

Sadolin re-launches in Uganda


He added that the re-launch will see an investment of Shs10b into a new manufacturing plant in Namanve, advanced technology and job creation which he said will further stimulate the Ugandan economy