Uganda Turns to Kenya

Uganda Turns to Kenya

JKasuku255

JKasuku255

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First time in history: How Uganda got a surplus balance of trade with Kenya
The Independent November 2, 2018 Business, News Leave a comment


AMEDIA-SECTOR.jpg
Uganda’s Trade Minister Kyambadde addresses the Sector Review on Wednesday. PHOTO @mtic_uganda
Kampala, Uganda | THE INDEPENDENT | The Ministry of Trade, Industry and Cooperatives is celebrating this year’s export figures, as for the first time in history, Uganda had a favorable balance of trade with Kenya.
Bank of Uganda (BoU) figures indicate that in the Financial Year 2017/18, Uganda had a trade surplus of $122.78 million with Kenya (Exports of $628.47 million against Imports of $505.70 million).
The Central Bank of Kenya (CBK) earlier in the year noted the development in a January-May report, stating that Maize imports from Uganda had played a significant part in the change of fortune.
Uganda also registered a record highest trade balance in the East African Community (EAC) region of $413.86 million (Exports of $1,220.63 million against Imports of $806.77 million), in the same period.
eac-trade.jpg


The trade surplus figures were some of the highlights at this year’s annual sector review at Hotel Africana, Kampala on Wednesday. Minister of Trade, Industry and Cooperatives Amelia Kyambadde read out the report, but said despite the big leap in trade balance with Kenya, overall Uganda’s trade deficit grew.
“During the Financial Year under review 2017/18, Uganda’s exports increased by 7.23%, to US$ 2.89 billion from the previous Financial Year 2016/17 of US$ 2.696 billion. Imports also increased by 16.42%, to US$ 5.48 billion from the previous Financial Year 206/17of US$ 4.71 billion,” Kyambadde said, adding that, ” A number of interventions have been made to address the country’s widening trade deficit.”
On the trade deficit, she said that inspite of the challenges, the Trade, Industry and Cooperatives Sector has registered a number of achievements in the area of trade facilitation, export promotion, value addition, cooperative development. “Many of these interventions are geared towards enhancing the capacity of Micro, Small and Medium Enterprises (MSMEs),” she said.
The theme of this year’s sector review was “Enhancing Competitiveness of Micro Small and Medium Enterprises for National Export Development”.
 
Tanzania snubs Uganda’s invitation for bilateral talks


THURSDAY NOVEMBER 29 2018




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Rejected. Trucks containing bags of sugar belonging to Kakira Sugar Ltd being transported back to Kakira after Tanzania Revenue Authority rejected its entry over non-payment of taxes in August this year. PHOTO BY DENIS EDEMA
In Summary
Poor relations. Tanzania has since September not responded to multiple requests from Uganda for a bilateral meeting
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By Christine Kasemiire
KAMPALA. Tanzania has ignored multiple requests from Uganda for a bilateral meeting to address trade concerns.
Uganda in September petitioned Tanzania over dipping trade relations on a number of issues that have negatively impacted trade between the two countries.
Ms Hadija Nakakande, the Ministry of Trade public relations manager, had in September confirmed they had petitioned Tanzania to address issues related to Ugandan exports into Tanzania.
However, the bilateral would have given opportunity for both countries to relay their concerns.
Key among the issues, she said, would include resolving the issue of road user fees, which require Ugandan exporters to pay for using Tanzania roads, retesting products that have already been certified by Uganda National Bureau of Standards, free movement of people and charging Ugandan traders’ business visas.
Ugandan clearing and forwarding agents have also been raising concerns over the fact that they have been denied an opportunity to open outlets in Tanzania.
The Trade Ministry, Ms Nakakande said would also seek to address the recurring issue that has seen countries raise a red-flag on re-exporting goods imported from other countries.
Sour relations
The meeting follows concerns over denying entry to some of Ugandan products into Tanzania and slapping some with prohibitive taxes.
Tanzania had announced that it would slap Ugandan sugar with a 25 per cent Import Duty contrary to the East Africa Common Market Protocol.
Other products that had been denied entry into the country include sweets and other sweeteners that Tanzania claimed are re-exported from other countries.
However, Daily Monitor has now learnt that Tanzania has since September not responded to multiple requests from Uganda for a bilateral meeting.
During a telephone interview, Mr Emmanuel Atwine, the senior commercial officer Ministry of trade, yesterday revealed that Tanzania was yet to respond despite several attempts by Uganda.
“They did not respond,” he said.
Efforts have also been taken through the embassy of Uganda in Tanzania but all have been futile,” Mr Atwine said.
Way forward
The minister is now planning a visit to the East African country to secure a face to face meeting with Tanzania.
“They have not yet responded but we are planning on going there ourselves, we even engaged our embassy to talk to them but still no positive response,” he responded explaining that the minister will set the date of travel.
 
Rwanda soon will wake up from the tractors smoke and mirrors.. time unravels all lies.
 
joto la jiwe said:
Hivi unaelewa unacho post?, that is a bad sign for Kenya economy, stupid.
Click to expand...
hahahaha its only a bad sign for Tractor and wajinga kama wewe... mulienda na panganga mob sana kwao... but we are trading with them and they all see tractor ni panganga mingi
 
JKasuku255 said:
First time in history: How Uganda got a surplus balance of trade with Kenya
The Independent November 2, 2018 Business, News Leave a comment


AMEDIA-SECTOR.jpg
Uganda’s Trade Minister Kyambadde addresses the Sector Review on Wednesday. PHOTO @mtic_uganda
Kampala, Uganda | THE INDEPENDENT | The Ministry of Trade, Industry and Cooperatives is celebrating this year’s export figures, as for the first time in history, Uganda had a favorable balance of trade with Kenya.
Bank of Uganda (BoU) figures indicate that in the Financial Year 2017/18, Uganda had a trade surplus of $122.78 million with Kenya (Exports of $628.47 million against Imports of $505.70 million).
The Central Bank of Kenya (CBK) earlier in the year noted the development in a January-May report, stating that Maize imports from Uganda had played a significant part in the change of fortune.
Uganda also registered a record highest trade balance in the East African Community (EAC) region of $413.86 million (Exports of $1,220.63 million against Imports of $806.77 million), in the same period.
eac-trade.jpg


The trade surplus figures were some of the highlights at this year’s annual sector review at Hotel Africana, Kampala on Wednesday. Minister of Trade, Industry and Cooperatives Amelia Kyambadde read out the report, but said despite the big leap in trade balance with Kenya, overall Uganda’s trade deficit grew.
“During the Financial Year under review 2017/18, Uganda’s exports increased by 7.23%, to US$ 2.89 billion from the previous Financial Year 2016/17 of US$ 2.696 billion. Imports also increased by 16.42%, to US$ 5.48 billion from the previous Financial Year 206/17of US$ 4.71 billion,” Kyambadde said, adding that, ” A number of interventions have been made to address the country’s widening trade deficit.”
On the trade deficit, she said that inspite of the challenges, the Trade, Industry and Cooperatives Sector has registered a number of achievements in the area of trade facilitation, export promotion, value addition, cooperative development. “Many of these interventions are geared towards enhancing the capacity of Micro, Small and Medium Enterprises (MSMEs),” she said.
The theme of this year’s sector review was “Enhancing Competitiveness of Micro Small and Medium Enterprises for National Export Development”.
Click to expand...
This shows we are doing business with Uganda and not using them... bye bye investors
 
Wewe huna akili, Uganda na Kenya miaka yote ni big business partners, na Kenya ndio ilikua ina export more to Uganda, sasa hivi Uganda is turning that equation up side down, wewe kichaa inachekelea bila kujua, ulivyo pimbi unaingiza Tanzania katika biashara za Uganda na Kenya.

Sikia, tunachofanya ni kujaribu kuiba biashara miradi mikubwa ya Uganda, kumbuka pipe line pekee itaipatia Tanzania from tax alone, about $1B per year. Ninyi hadi sasa you just get only $500M per year.
JKasuku255 said:
hahahaha its only a bad sign for Tractor and wajinga kama wewe... mulienda na panganga mob sana kwao... but we are trading with them and they all see tractor ni panganga mingi
Click to expand...
 
joto la jiwe said:
Wewe huna akili, Uganda na Kenya miaka yote ni big business partners, na Kenya ndio ilikua ina export more to Uganda, sasa hivi Uganda is turning that equation up side down, wewe kichaa inachekelea bila kujua, ulivyo pimbi unaingiza Tanzania katika biashara za Uganda na Kenya.

Sikia, tunachofanya ni kujaribu kuiba biashara miradi mikubwa ya Uganda, kumbuka pipe line pekee itaipatia Tanzania from tax alone, about $1B per year. Ninyi hadi sasa you just get only $500M per year.
Click to expand...

hehehehehe Uganda wanatoroka!!!!!

ow yeah nilisahua haujui kusoma wala kuhesabu!!!!! hahahahahaha
SDG-illiteracy.png
 
joto la jiwe said:
Pimbi mkubwa wewe, unashangilia Uganda wanapobadilisha dynamics za biashara kati yake na Kenya?, now Uganda sells more to Kenya than before, does it make you proud, stupidity of the century.
Click to expand...
Tractor amewapoteza hahahahahahaha
 
joto la jiwe said:
Pimbi mkubwa wewe, unashangilia Uganda wanapobadilisha dynamics za biashara kati yake na Kenya?, now Uganda sells more to Kenya than before, does it make you proud, stupidity of the century.
Click to expand...
rudi kwa Kagame wenu... actually rudi ukamalize shule kwanza
tanzania.png
 
Nyanyangu, Kenya is losing very fast to Uganda, in business always sells must exceed imports, otherwise you make lose, especially if you buy non capital goods, Kenya increase of imports from Uganda, are mainly maize and other food stuff.
Janerose mzalendo said:
Lol.

Is it not about balance of trade? No one is losing.
Click to expand...
 
We know very well you never accept that Kenya is on wrong direction, IMF, WB, Moddy, ILO, WFP, they all raised alarm on Kenya, but you still deny.
Janerose mzalendo said:
Lol. I know the negative impact of this on the economy because imports are subtracted when calculating GDP so higher imports than exports bring down the economy but I think Kenyan exports have really increased so no need to worry.
Click to expand...
 
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