• Home
  • Uganda News
  • Politics
  • Lifestyle & Entertainment
  • Business & Economy
  • Health
  • World News
Ugandanz News Website
  • Home
  • Uganda News
  • Politics
  • Lifestyle & Entertainment
  • Business & Economy
  • Health
  • World News
No Result
View All Result
  • Home
  • Uganda News
  • Politics
  • Lifestyle & Entertainment
  • Business & Economy
  • Health
  • World News
No Result
View All Result
Ugandanz News Website
No Result
View All Result
Home Business & Economy

Ugandan traders excited by the Museveni-Kenyatta trade deal

Lukwago Joseph by Lukwago Joseph
April 1, 2019
in Business & Economy
0

Ugandan manufacturers and traders dealing in sugar, poultry, beef and dairy products have commended President Uhuru Kenyatta (Kenya) and his Ugandan counterpart Yoweri Museveni for agreeing to open up markets for sugar, poultry, beef and dairy products between the two countries.

According to the dealers from different associations of the said products, the agreement will enable both countries find market for their surplus produce.

“This is a very good opportunity for sugar producers in Uganda; Tanzania refused our sugar, so the only market we are relying on now is Kenya and Rwanda,” Jim Kabeho, the spokesperson of the Uganda Sugar Manufacturers.

Last week, Uganda and Kenya signed a raft of agreements meant to ease trade, cement political ties and improve their social and cultural connections, as President Museveni visited Kenya. The agreements, clustered into three major categories; defence, trade and social affairs, not only to focus on easing means of doing business between the two countries, but also resolve some of the sticking issues that have hampered trade.

One of the key issues in the pact is for Kenya to consider increasing its sugar quota imported from Uganda to 90,000 metric tonnes from the current 36,000 tonnes. Uganda, on the other hand, was tasked with formally lodging a request to this effect that would create market for at least 54,000 metric tonnes of the surplus 90,000 metric tonnes it produces annually.

“We have so many sugar industries that have been established in the recent past, for example, in northern Uganda. These industries have led to a surplus in sugar, so we are looking at an excess of 150,000 tonnes,” Kabeho said.

On the other hand, beef exporters in Kenya can expect to tap into the Ugandan market after the latter was directed to lift its ban on beef and beef products from Kenya with immediate effect. According to Robert Musasizi, the acting executive director of Cows Beef Exporters and Processors of Uganda, this will enable Ugandan beef dealers have a wider market for their beef.

“Our meat suppliers from Nakasongola are going to be revived; they were losing a lot of money because of limited market in Uganda,” Musasizi said.

He, however, challenged dealers in the beef industry to work closely with the Uganda Exports Promotion Board to ensure the quality of the products, so as not to affect the market.

Tags: Business NewsUganda-Kenya Trade
Share7Tweet2
Previous Post

Nantaba, top police officers summoned over Ssebulime’s Murder

Next Post

Kiruhura deputy RDC arrested over sh10m bribe

Lukwago Joseph

Lukwago Joseph

Lukwago Joseph grew up in a newspaper family, and rumor has it that instead of playing the guitar in his infancy, his parents put a reporter’s notebook and a pen next to him shortly after he turned born eight years.Before becoming editor of UGANDANZ, Lukwago was a parliament news editor for WBS TV. He joined UGANDANZ in July 2018, A few months after the company launched.Lukwago also spent five years as a freelance reporter, where he covered reporting for the highest bidder, intelligence, foreign policy, and Ugandan police.Lukwago graduated from Makerere University in 2008 with a B.A. in Journalism and worked on his college newspaper.

Related Posts

NCBA Bank Uganda Launches SME Financing Package With Loans of Up to Shs500 Million
Business & Economy

NCBA Bank Uganda Launches SME Financing Package With Loans of Up to Shs500 Million

July 10, 2026
Uganda’s Deposit Protection Fund Assets Rise to Shs2.3 Trillion
Business & Economy

Uganda’s Deposit Protection Fund Assets Rise to Shs2.3 Trillion

July 10, 2026
Power Failure at MTN Data Centre Disrupts Voice, Data and Mobile Money Services
Business & Economy

Power Failure at MTN Data Centre Disrupts Voice, Data and Mobile Money Services

July 6, 2026
Next Post

"MPs are stupid" Kyaligonza fires back as he drags traffic lady & journalist to court

Untold Story : How police is using bike to crucify Sebulime & save Nantaba

Recent News

One Dead, Several Injured as School Bus Collides With Train in Mukono

One Dead, Several Injured as School Bus Collides With Train in Mukono

July 10, 2026
Speaker Oboth Hosts Statesmen for Talks on East African Federation

Speaker Oboth Hosts Statesmen for Talks on East African Federation

July 10, 2026
NCBA Bank Uganda Launches SME Financing Package With Loans of Up to Shs500 Million

NCBA Bank Uganda Launches SME Financing Package With Loans of Up to Shs500 Million

July 10, 2026
Uganda Launches Sauti Ya Uganda Singing Competition With Shs100 Million Grand Prize

Uganda Launches Sauti Ya Uganda Singing Competition With Shs100 Million Grand Prize

July 10, 2026

Uganda's Favorite Source News Its Where Credibility Matters

Follow Us

Browse by Category

  • Agriculture
  • Black & Proud
  • Business & Economy
  • Education
  • Health
  • Jobs & Opportunities
  • Lifestyle & Entertainment
  • Politics
  • Sports
  • Technology
  • Uganda News
  • World News

Recent News

One Dead, Several Injured as School Bus Collides With Train in Mukono

One Dead, Several Injured as School Bus Collides With Train in Mukono

July 10, 2026
Speaker Oboth Hosts Statesmen for Talks on East African Federation

Speaker Oboth Hosts Statesmen for Talks on East African Federation

July 10, 2026
  • Authors
  • About Us
  • Archives
  • Privacy Policies
  • Contact

© 2022 All riights reserved - Ugandan Current Affair & Educative NewsUgandanz News Website.

No Result
View All Result
  • Home
  • Uganda News
  • Politics
  • Lifestyle & Entertainment
  • Business & Economy
  • Health
  • World News

© 2022 All riights reserved - Ugandan Current Affair & Educative NewsUgandanz News Website.