Minister David Bahati

Bahati told parliament that government has told the URA to screen the 84 companies that applied for this payment on basis that they supplied to south Sudan government goods and service so as the genuine ones are paid.

He said that government is committed to pay  the affected traders and later south Sudan government pays Uganda government.

He said that the list of traders from URA will be taken to parliament ant the amount of money required for approval.

Its estimated that government would spend about 140 billion shillings to clear this debt which was cause d by the instability in south sudan .

The minister of Trade Amelia Kyambadde also said that more application for traders who missed on the first phase .

The post URA directed to finalize verification of Ugandan companies supplying goods to South Sudan first appeared on Uganda Multimedia News & Information.

The Government has asked the youth to apply for loans at DFCU and Centenary Bank Branches across the country.

Trade minister Ms Amelia Kyambadde says that individual youth aged between 18-35 years will get loans of up to five million shillings. Those in groups and associations will get up to 25 million shillings.

Ms Kyambadde explains that the money is part of the 25 billion shillings Uganda government allocated to youth projects last year. The money is channeled through the Youth Entrepreneurship Venture Capital Fund in partnership with DFCU and Centenary Rural Development Bank.

The government has also allocated 3.5 billion shillings to train the youths in order to enable them expand their businesses.

The post Youth to get loans from DFCU bank first appeared on Uganda Multimedia News & Information.

Sources inUganda’s Ministry of Trade and Industry have informed our reporters that delegations have Indian business persons have toured East African countries and have already expressed willingness to put more capital inUgandaamong other EAC states.

Trade Minister Amelia Kyambadde says thatUgandais now an investor final destination because of the good investment climate and good political atmosphere in the country.

Kyambadde says that although there are many Indian companies inUganda, others are still willing to put their capital inUganda. She says that Indians are willing to bring their advanced technology in agriculture and manufacturing toUganda.

The post Indian companies eye Uganda, Kenya, Rwanda, Tanzania, Burundi, East Africa countries first appeared on Uganda Multimedia News & Information.

Trade Minister, Amelia Kyambadde informs us that all obstacles in the importation process have been addressed and so Ugandans must expect sugar imports late this month. A kilogramme of sugar now goes at 4500 shillings compared to 8,000 in September.

Amelia also says that the government is doing whatever is possible to boost the local production. She says that the government is encouraging more people to do out growing of sugar canes and the sugar factories to use irrigation to boost their production. The minister assures Ugandans that there will be sugar price falls when sugar importations arrive in the country.

By Moureen Nakyanzi

The post Uganda sugar prices to go down as imports arrive this month first appeared on Uganda Multimedia News & Information.

Sources in Uganda’s Ministry of Trade and Industry have informed our reporters that delegations have Indian business persons have toured East African countries and have already expressed willingness to put more capital in Uganda among other EAC states.

Trade Minister Amelia Kyambadde says that Uganda is now an investor final destination because of the good investment climate and good political atmosphere in the country.

Kyambadde says that although there are many Indian companies in Uganda, others are still willing to put their capital in Uganda. She says that Indians are willing to bring their advanced technology in agriculture and manufacturing to Uganda.

By Walakira Nyanzi

The post Indian companies eye East Africa first appeared on Uganda Multimedia News & Information.