Along with a number of other oil companies, British ‘wildcats’ Heritage
Oil and Tullow Oil announced details of a major find – possibly the largest onshore field in Sub-Saharan Africa – exceeding the 400 million barrels threshold needed for commercial viability.
The government has been commended for restraining itself from banning food
exports to countries suffering from acute food shortage due to a long drought. He added that limiting food exports would affect Uganda’s balance of payments.
Committee to settle Uganda, south sudan trade disputes
Trade conflicts between Uganda and South Sudan will be resolved
by a Trade Dispute Arbitration Committee, formed by the two governments last week.The formation of the committee comes on the back of the accumulating number of trade disputes reported by Ugandan traders.
The United Nations Development Fund has offered $50m to Uganda to improve on the environment,
agriculture, human rights, energy, tourism, wildlife, and design programmes to effectively absorb workers’ remittances. While the grants to such areas like environment and agriculture have been common, it is the
Currently, the initial price of small size of dry fish maws is Shs 70,000 per kilogram;
a kilogram of medium goes for Shs 150,000, while normal large is at Shs 220,000. The extra large goes up to Shs 350,000. Fresh maws go for half the price of the dry ones. . Mugweri says that he sells at a relatively higher price to the
Business people from Uganda will benefit from bilateral investment and
trading relations with from Thailand, one of Asia's major economies.
The trading relationscovering textile, property development, agricultural machinery, construction, beverage distributors, restaurants, tours and travel.
The US dollar is averaging at Shs 2580, the EURO at Shs 3690 and the
Pound at Shs 4100. This was the cause of the two day KACITA strike a few weeks ago protesting the high value of the dollar. Uganda’s economy depends a lot on imports as the local manufacturing
