Jobs and Incomes

NEMA- Issues Certificate Of Approval To Makuutu Rare Earth Elements Project

Submitted by on Wed, 01/04/2023 - 03:18

The National Environment Act N0.5, 2019 necessitates any project that anticipates to have any substantial environmental impact to undertake an Environment and Social Impact Assessment (ESIA). The purpose of ESIA is to assess and predict adverse social and environmental impacts and to develop suitable mitigation measures, which are documented in an Environmental and Social Management Plan (ESMP).

What Does the Sustained Increase in Global Fuel Prices Mean for Uganda

Submitted by on Wed, 01/04/2023 - 03:16

By July 2022, the domestic price for diesel and petrol in Uganda had increased by 71.5 percent and 56.1 percent respectively compared to July 2021. A time when the economy was still struggling to rebound from the devastating effects of COVID-19.

The global energy crisis directly affects local fuel prices and therefore the economy. However, domestic policy actions can influence tax-related costs, distribution, and profit margin but not the international crude oil price. As a result, the Government of Uganda did not intervene to curb the escalating prices.

Livestock Associations and Cooperatives: Implications for Livestock Sector Transformation

Submitted by on Tue, 11/08/2022 - 15:03

Involvement of various MDAs is critical in the Development of Uganda’s livestock sector is pertinent in attaining objectives of the third National Development Plan through the Agro-Industrilization Programme. These MDAs play critical roles such as (i) regulating the activities of members, (ii) promoting production, processing, marketing and consumption of livestock products and (iii) offering financial and advisory services to members, among others.

The Impacts of the Russia-Ukraine Conflict on Food Prices, Food and Nutrition Security in Africa

Submitted by on Tue, 11/08/2022 - 15:02

Russia’s invasion of Ukraine has worsened the food security crisis in many African countries. Many countries in East, West, Middle, and Southern Africa rely on Russia and Ukraine for a significant percentage of their wheat, fertilizer, or vegetable oils imports, but the war disrupts global commodity markets and trade flows to Africa, increasing already high food prices in the region. Even countries that import little from the two countries are indirectly impacted by higher world prices for key commodities.

Promoting Inclusive Policy Responses to Improve Food and Nutrition Security Post-COVID Pandemic in Africa

Submitted by on Tue, 11/08/2022 - 15:00

The COVID-19 pandemic is a health and human crisis threatening the food security and nutrition of millions of people around the world. Hundreds of millions of people were already suffering from hunger and malnutrition before the virus hit and, unless immediate action is taken, we could see a global food emergency. In the longer term, the combined effects of COVID-19 itself, as well as corresponding mitigation measures and the emerging global recession could, without large-scale coordinated action, disrupt the functioning of food systems.

Trading Up: Harnessing the AfCFTA for Growth in Uganda

Submitted by on Thu, 05/05/2022 - 16:25

AfCFTA is one of the flagship projects of the first ten-year implementation plan (2014-2023) under the AU’s Agenda 2063. It emphasises the reduction of tariffs and non-tariff barriers, and the facilitation of free movement of people and labour, right of residence, right of establishment and investment. If implemented fully, this agreement will become the largest trade agreement in the world with potential to create a continental free-trade zone with a combined GDP of USD $3.4 trillion.

How Currency Fluctuations Affect SME Access to Credit and Investment Decisions: The Case Study of Uganda, Kenya and Ghana

Submitted by on Thu, 05/05/2022 - 16:24

Financial instability is not good news for any business, even if they are not trading overseas, but small businesses feel the impact of currency instability most noticeably. Compared to larger businesses, small businesses often lack the back-up finances to enable them to manage through periods of decline.

This brief illustrates how currency fluctuations affect SMEs’ investment decisions and access to credit. This relationship is stronger especially with SMEs in the manufacturing sector that mainly use imported inputs.

Uganda Loses USD 271 Million Annually Due to Limited Investment in Leather Processing

Submitted by on Thu, 02/03/2022 - 01:16

Uganda hides and skins are naturally of high quality, high texture and heavy substance which are suitable for the production of excellent heavy upper and vegetable tanned sole leather. On average, a Ugandan hide weighs 16kgs and has 29ft2 of which about 15-20 percent can be used for upholstery, making Uganda the only country in East Africa with larger quantities of hides that are suitable for upholstery.

How is Uganda Likely to Benefit from DRC’s Membership in the EAC Bloc?

Submitted by on Thu, 02/03/2022 - 01:15

Democratic Republic of Congo (DRC) is a member of Southern African Development Community (SADC) and shares borders with five of the six members of the East African Community (EAC). It could potentially become the largest member by area as well as by population and therefore a lucrative market for EAC.

DRC recently requested membership to EAC which would enable dropping of custom barriers and increasing trade between EAC countries. Ministers in charge of EAC Affairs gave a green light report on DRC verification mission for consideration by the EAC Heads of State.

Which Products Should Uganda Leverage for Export Diversification?

Submitted by on Thu, 02/03/2022 - 01:13

Export diversification reflects the degree to which a country’s exports are spread across a large number of products and/or trading partners. Diversification is achieved through increasingly changing the basket of commodities being exported, or improving the existing exports by adding value, or enhancing them through technology and innovation.