Uganda earned a record Shs455.37bn in August 2023 Uganda exported 743,517 60-kilo bags of coffee in August 2023, the highest ever in the country’s history. This earned Uganda US$ 121.64 million (Shs455.37bn). According to Uganda Coffee Development Authority (UCDA) monthly report for August 2023, the exports comprised 689,261 bags of Robusta valued at US$
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CSCO members addressing the press The Civil Society fraternity under the umbrella organisation, the Civil Society Coalition on Oil and Gas in Uganda (CSCO) has called for more government commitment to the Extractive Industries Transparency Initiative (EITI). Addressing the press in Kampala on Thursday ahead of the launch of the
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BoU Deputy Governor, Michael Atingi-Ego (Left) and Permanent Secretary/Secretary to the Treasury, Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi at the launch of Islamic banking in Uganda The Bank of Uganda (BoU) Deputy Governor, Michael Atingi-Ego is confident that Islamic banking will succeed in Uganda. Speaking at the
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Kuta harvested 2,700 kilograms of maize grain from three quarters of an acre last season Maize farming has increasingly become lucrative in recent years after farm-gate prices stabilized at an average of Shs1,000 per kilogram of maize grain. About 10 years ago, many farmers in Uganda abandoned maize farming after
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Private Sector Credit (PSC) grew by 6.5% in June 2023 down from 9.0% in May 2023 and 10.7% in April 2023, the Bank of Uganda has said in its Monetary Policy Report for August 2023. The report says PSC declined across major sectors except for personal, trade, and agriculture. “Total credit extensions
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The Uganda National Bureau of Standards (UNBS) has intensified efforts to monitor the quality of maize grain and flour exports to ensure conformity to standards. UNBS advises every maize grain and flour exporter to obtain copies of key maize Standards and comply with the specified requirements. The governing Uganda Standards include:
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John R. Musinguzi, the URA Commissioner General, addressing the press Uganda Revenue Authority (URA) surpassed its revenue collection target for the FY 2022/23 by Shs57.48 billion. This is because in the FY 2022/23, URA had a net revenue target of UGX 25,151.57 billion. However, the tax body surpassed this goal
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Women at Heritage Kanaani Farms sorting and drying coffee. Uganda is increasingly earning big from coffee/Business Focus photo The Uganda Coffee Development Authority (UCDA) has revealed that Uganda’s Coffee exports in July 2023 amounted to 645,832 60-kilo bags, worth US$ 104.99 million (Shs408.118Bn), compared to 563,832 60-kilo bags, worth US$
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Planes at Entebbe Airport Entebbe International Airport recorded 185,253 international passengers in July 2023, Uganda Civil Aviation Authority (UCAA) has said. According to Vianney M. Luggya, the UCAA Spokesman, this comprised 93,727 arrivals and 91,526 departures. With an average of 5,975 passengers per day in July, UCAA says this is the highest
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Uganda Clays Limited has issued a profit warning, revealing that it made a loss for the half-year January – June 2023, according to the Company’s unaudited financial statements. “The loss position is mainly due to a shortage of products that was occasioned by machinery breakdowns. This was exacerbated by the unfavorable
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