BUSINESS UPDATE WITH Orange Main milk producing regions have received shockwaves after a four month long dry spell hit most parts of the country, pushing up milk prices. A survey conducted in supermarkets and retail shops in Kampala indicated that the price of fresh milk has shot up from sh1,000 to between sh1,800 and sh2,000 per liter, while the pasteurised packaged milk such as Jesa, Fresh Dairy and other products went up from sh2,000 to between sh2,200 and sh2,600 per liter, depending on the location. Statistics indicate that milk production in Uganda is estimated at one billion litres annually. The chairman of Uganda Chamber of Mines and Petroleum Mr Elly Karuhanga, has continued to encourage more local participation in the mining and petroleum sectors of the country. Karuhanga says the Uganda Chamber of Mines and Petroleum was also considering offering sponsorship or any other kind of support to the Uganda Petroleum Institute, Kigumba and other institutions offering a similar curriculum. President Yoweri Museveni has launched a state-of-the-art steel manufacturing plant in Jinja under the leadership of MM Integrated Steel Mills Ltd. At a function attended by all political and religious leaders from the area, the President who was obviously pleased by the multibillion project in his country, expressed gratitude to the owners and promised to help them in all ways possible. The President was pleased to note that the factory employs many Ugandans and that it is set to earn much from only 15 acres where the plant is located Australia has reported better-than-expected trade and retail sales data for January, sending its dollar to a one-week high. The countrys trade surplus rose to $1.4bn Australian dollars it’s highest in almost three years. Retail sales rose by 1.2% for the ninth month in a row. The trade surplus data showed exports were up strongly in January and imports were down A steep rise in the cost of living in past 12 months has seen Nairobi overthrow Lagos as Africa’s most expensive city. London-based Economist Intelligence Unit says in a new listing of the world’s most expensive places to live in that rapid increase in consumer good prices linked to new taxation measures pushed the Kenyan capital to the top spot on the continent, ahead of Côte d’Ivoire’s Abidjan. And now Looking at the forex rates brought to you by city bureau de change located on jumbo plaza shop no 39m and also at pioneer mall shop no4. BUYING SELLING USD 2511 2530 GBP 4185 4210 EURO 3440 3500 KES 28.7 29.7 RADIOCITY NEWS:WE BRING THE WORLD CLOSER TO YOU.
Posted on: Thu, 06 Mar 2014 13:10:48 +0000
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