Makerere University Holdings Company has secured two acres of land within the university to construct the Emmanuel Mutebile Centre of Excellence to process and refine innovations and ideas.
Speaking to pension managers around the country during a pension schemes’ symposium on Wednesday, Mr Patrick Bitature, the board chairman Private Sector Foundation Uganda, said the Mutebile Centre of Excellence is a partnership between the academia, government and the private sector to come together and process their ideas and innovations which can move the country forward.
“We have many people with chunks of money but do not know how to move to the next level. There is no work in progress; there is dire need for this facility because the private sector is supposed to lead the economy but it is government leading,” he said. Read more. Source | Daily Monitor
Uganda’s coffee exports have increased both in volume and value in the first two months of the calendar year.
Latest statistics from Uganda Coffee Development Authority (UCDA) show that in October and November, the country exported a total of 617,171 (60) kilogramme bags of coffee beans, up from 472,119 bags exported the same period the previous year.
“ In this period, the country earned $74 million (Shs264 billion), up from $47 million (Shs167 billion) earned the previous year,” UCDA report showed.Mr Emmanuel Iyamulemye Niyibigira, the executive director of UCDA, said the good volumes were facilitated by increased production in central and eastern main season which is still ongoing. Read more. Source | The Exchange
Seizing AGOA Opportunities in East Africa is a production of the USAID East Africa Trade and Investment Hub (The Hub). It highlights the work of the Hub’s Component 3 – Trade Promotion and AGOA, and briefly describes the legislation AGOA.
The trifold also outlines the general steps to follow when exporting to the U.S. under AGOA, and provide information on how to engage with the Hub on issues of trade promotion and AGOA.
The Uganda Coffee Development Authority (UCDA) is set to embark on registering coffee farmers across the country in a bid to document the activity for proper planning.
Currently, there is no conclusive documented data that show the number of coffee farmers in Uganda and the prominent coffee types in Uganda. Mr Emanuel Lyamulemye, the UCDA managing director, said this exercise will start as a pilot project at the end of this month in Mukono District and later be rolled out to the entire country.
He revealed that in executing this exercise, they intend to use elite graduates in the community, who will use a newly developed application on smart phones to register farmers.
The exercise will capture a farmer’s bio data, location, farming practice, acreage, the number of trees, types of coffee being grown, the age of the coffee trees and other basic details. Read more. Source | Daily Monitor
The introduction of one-stop border posts has been hailed for improving trade among East African Community (EAC) member countries.
The border posts have also made EAC a major economic bloc in Africa, according East African Legislative Assembly (EALA) member and Kenya chapter secretary Judith Pareno.
Ms Pareno made the remarks during an EALA sensitisation forum in Isiolo on Tuesday.
She lauded the assembly for removing trade barriers at border points, saying the changes had resulted in faster and more efficient movement of people and goods. Read more. Source |Daily Nation
The flower industry, once Uganda’s promising export revenue earner ranked among the top five market leaders, is gradually showing signs of recovery to its glory.
Latest information from the industry shows that, against all odds, the country’s export volumes increased in the year ending 2016.
In an interview with Prosper Magazine Uganda Flower Exporters Association (UFEA)’s executive director, Ms Juliet Musoke, said: “This year we exported more flowers compared to the previous year 2015.”
In 2015 the country through UFEA members exported 6,300 tonnes of flowers worth $27.5 million (Shs99 billion).
Ms Musoke shared that in the year ending 2016 UFEA exported more than 6,500 tonnes of flowers, 200 tonnes more than what was exported the previous year. Read more. Source | Daily Monitor
Small holder farmers can reduce post-harvest losses and improve income by adopting better storage management practices and technologies. According to Food and Agriculture Organisations (FAO) about one third of the food produced globally is lost or wasted representing a loss of 1.3 billion tonnes of food per year.
In Tanzania, results from different research studies demonstrate that farmers lose up to 40 per cent of the harvest through post-harvest losses. It is from this backdrop that the Inter Region Economic Network (IREN) moved up to organise Post-harvest technology congress next year to address and reduce the level of loss that account for more than 30 per cent of the food produced for human consumption.
IREN’s Chief Executive Officer Mr James Shikwati said,
This competition will enable us to identify a range of technologies that have the potential to help the continent confront and counter the huge challenges in postharvest management.
IREN is coordinating the congress in partnership with the USAID East Africa Trade and Investment Hub and Syngenta. Read more. Source | Daily News
In order to acquire land and start actual work on the development of Free Trade Zones in Uganda, the authority responsible for the establishment could require funding of up to Shs400 billion.
Established in 2014, the Uganda Free Zones Authority (UFZA) was meant to attract export-oriented investments to Uganda that would be given specific tax incentives.
While launching the 2015/16 – 2019/20 Strategic Plan in Kampala on Tuesday, Mr Richard Jabo, the executive director UFZA, revealed that implementation will require funding of between Shs360 billion and Shs400 billion over the next five years. Read more. Source | Daily Monitor
The private sector in East Africa has asked Tanzania to harmonise the preferential treatments it offers to transit goods as a way of encouraging use of the central corridor .
While Rwandan trucks transiting through the central corridor (Dar es Salaam Port) each pay $150 (Shs535,000); other East African member states such as Uganda are charged $500 (Shs1.7 million) per truck for goods in transit.
Mr Kassim Omar, the chairman Uganda Clearing Industry and Forwarding Association, who is also East Africa Business Council (EABC) vice chair for Uganda, said: “Indeed, the Dar es Salaam Port has improved. But they need to harmonise the transit fees to make doing business in the region less costly.” Read more. Source | Daily Monitor
Uganda targets to become a middle status income country with a projected export performance of more than $8,000 million by 2020.To achieve this, the contribution of exports to Gross Domestic Product (GDP) is paramount. Available data demonstrates the high propensity for Ugandans to engage in import trade and in domestic commerce as opposed to export trade.
Uganda’s export performance is still very low with export to import ratio of 51 per cent. Uganda imports more than what she exports, creating a negative trade balance. Uganda’s total merchandise exports were worth $2.73 billion 2015 while merchandise imports into Uganda reached $6.065 billion in 2015. Trade deficit reached $3.3 billion in 2015. Read more. Source | Daily Monitor