Sugar Millers under their umbrella association the Uganda Sugar Millers Association have denied allegations of hording sugar so as to sell it at higher prices. This was during a meeting with the Trade Minister Amelia Kyambadde on Tuesday 5th December 2017 at the Ministry offices in Kampala.

Kyambadde summoned the sugar millers after MPs vowed to table a motion on the floor of Parliament over the continuous high sugar prices. The Minister tasked the millers including Kakira Sugar, Kinyara, Lugazi Sugar and others to explain why sugar prices are still high yet they claim they have enough stock.

The millers led by their chairperson Mwine Jim Kabeho told the Minister that sugar prices are not controlled by sugar millers but it’s totally in the hands of wholesalers and retailers. They said factory prices have reduced from shs.198,000 per bag in June 2017 to the current shs.170,000 leading to retail prices going down to shs.4,000 and below in some areas.

“The recommended retail price by the millers is shs.3600 and some areas shs.3400, therefore on average retail prices should not go beyond shs.4,000 for premium or packed sugar”, explained Kabeho

Industrialization is certainly the key to Africa’s economic development with the ability to bring prosperity, new jobs and better incomes for all. However, Africa has remained less industrialized amidst calls to industrialize. In Uganda, the growth of the Industrial Sector remains at 3.4% with its contribution to GDP valued at 19.6%

Each year on 20 November Uganda joins the rest of Africa to commemorate Africa Industrialization Day (AID). The Day is aimed to raising global awareness of the challenges faced by the continent with regard to industrialization. The event also aims to mobilize both African leaders and international organizations to advocate for the accelerated and sustainable industrialization of Africa.

  Uganda has been commended for prioritizing infrastructure development especially energy and the road network which is a recipe for boosting regional trade. This was during the COMESA Council of Ministers meeting that sat in Lusaka, Zambia on Saturday 4th November 2017.

The COMESA Council of Ministers officiated by the Vice President of Zambia Her Honor Mrs. Inonge Wina unanimously commended Uganda for the progress made in fulfilling the objectives of the Common market, particularly in infrastructure development that has taken place in the two years especially energy and the road network.

Uganda is a member of the Common Market for Eastern and Southern Africa (COMESA) and has taken steps to implement the COMESA Treaty. Uganda has made progress in the Domestication of the COMESA Treaty. In 2016, Uganda passed the COMESA Treaty Implementation Act. The COMESA Treaty Implementation Act (2017) gives the force of law to the Treaty Establishing the Common Market for Eastern and Southern Africa in Uganda.

The Trade sector is one of the key sectors that contribute to the economic development of the country. Every year sector stakeholders meet at a conference to review the performance of the Sector and also establish feasible interventions and strategies to boost the Sector.This year’s Sector Review is organized under the theme “Promoting value addition and competitiveness in export growth”.
The theme emphasizes the contribution of Value addition and competitiveness towards reducing the balance of payment deficit in the Country. It also stresses the need towards realization of the
objectives of the Sector Development Plan, the NRM Manifesto, the National Development Plan II and the Vision 2040; all aimed at ensuring ustainable socio-economic transformation of Uganda.

I welcome you to this occasion of signing a Memorandum of Understanding (MoU) between the Ministry of Trade, Industry and Cooperatives (MTIC) and Financial Sector Deeping Uganda (FSDU). The partnership between the Ministry and FSDU is a demonstration of the Ministry’s commitment to build networks and collaborations to harness synergies and complementarities that can be found in different institutions and agencies to promote its mandate.

 Uganda Export Promotion Board Uganda Warehouse Receipt System Authority Management Training and Advisory Centre Uganda National Bureau of Standards Uganda Industrial Research Institute