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Uganda’s coffee season is unfolding in two very different chapters. In July, the country shipped nearly a million bags, the second-highest monthly volume on record. That oversupply of beans boosted foreign exchange earnings but also dragged down the average price per kilogramme. Because supply had flooded the market, buyers were bargaining harder, and the mix shifted toward lower-value grades of Robusta. By September, the picture had flipped. A spell of dry weather in Brazil threatened global supplies, and a stronger Brazilian currency discouraged farmers there from selling. Those two forces combined to drive futures prices higher. Uganda, though far from…
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Perhaps you have at a certain point purchased Numa bushera (porridge), or Numa rice soya at your favourite supermarket, or maybe it’s one of your favourite food brands that brings smiles at the dining table. The CEO Magazine delves into the incredible story of Robert Matsiko, the business tycoon behind Numa Feeds, a food brand that has become a staple in many households and supermarkets across the country. We explore the twists and turns of Matsiko’s rags- to- riches story, starting from a small rented house to owning a multi-billion factory in Kabwohe, Sheema District. The business worth has grown to…
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Uganda, through the Ministry of Tourism, Wildlife and Antiquities, has today launched the first electronic permitting system to regulate trade in wildlife and wildlife products in the country. In a statement, the Ministry says: “The electronic permitting system aims to control legal trade in wildlife and prevent illegal trade of specimens through the issuance of electronic permits and licenses for trade (import, export and re-export) in specimens that are listed and not listed in the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).” Uganda now becomes the 8th country on African continent to develop an electronic CITES permitting system and the…
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President Museveni during the meeting with the African Development Bank regional director Gabriel Negattu at State House in Entebbe. President Yoweri Museveni has directed that borrowing of funds for national infrastructure development should only be ascribed to railway construction, electricity generation, irrigation schemes, strategic roads’ building and to some aspects of education and health sectors. Thi was during a Monday, September 16th meeting with the African Development Bank (AfDB) regional director in charge of the Eastern Africa Regional Centre, Gabriel Negattu, at State House in Entebbe. “In the education sector, it is the issue of the government programme for the…
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