By Wasswa Deo
MTN Uganda has reached upto 80% of its customers in the last two months while sensitizing as well as educating them how they are going to deal with the new systems of loading airtime without using scratch cards.
According to the Uganda communications commission, the airtime scratch cards will be out of market effective 31st July .
Addressing journalists at the grand finale of Momo Nyabo promotion which has seen many of MTN clients winning lots of prizes including brand new cars, the MTN CEO, Wim Vanelleputte has noted that, the company is doing its best to ensure that it also covers the remaining 20% in this remaining period.
By Edwin Muhumuza
Uganda’s inflation has dropped to 1.8% in the month of April compared to 2% registered in the previous month of March.
The drop is attributed to reduction in prices of food crops especially fruits such as oranges. Others include maize flour, sugar, milk, and simsim.
According to the Uganda Bureau of Statistics,principal statistician,Vincent Musoke,a drop in inflation does not mean prices have come down but rather the speed at which prices are rising is still slow. Musoke, clarifies that unless the drop is down into negatives then that is when you expect prices to come down.
‘’However it should be noted that this is a general measure .You find that some products, their prices come up while the others come down. When you put them together you get the correct figure of the annual inflation.’’
Uganda continues to grapple with increasing prices of some essential products amid proposed tax increases. Among them include, all types of fuel, cement, construction materials, spirits, social services and foods like Rice, Matooke, Onions, and Apples.
According to the Uganda Bureau of statistics,this trend will sharply determine the public’s consumption behaviour.
During the release of the consumer price index for the year ended April 2018,it was also noted that Arua registered the highest annual inflation of 3.9% though lower than 4.8% recorded for the year ended March 2018.The rise was mainly driven by annual inflation for housing, water, electricity, gas and other fuels .The second highest was Fort Portal,followed by Kampala High Income and then Mbale.
The growth outlook for 2018 is positive. Rebounding investment activity and healthy domestic demand fueled by accommodative monetary policy, are set to underpin GDP growth this year. In the medium term, economic activity should be buttressed by the sustained expansion of the agriculture sector and planned government investments in oil and gas production. Focus Economics panelists project growth of 5.7% in 2018, which is up 0.3 percentage points from last month’s forecast, and 5.9% in 2019.
Kinyara Sugar Company Limited in Masindi district is stuck with more than 18000 tons of sugar because of distortions in the sugar prices in the country.
Kirunda Magoola, the Corporate Communications Manager Kinyara Sugar Limited, says the sugar stock has been piling since November last year.
He however, didn’t explain the source of the sugar being dumped on the matter. URN was unable to independently verify the claims.
Last month, Masindi District Sugar Cane Growers Association Limited-MASGAL resolved not to supply sugar cane to Kinyara sugar limited accusing it of reducing cane prices from Shillings 141,000 to Shillings 100, 000.
Magoola explains that the price Kinyara is giving to farmers is not the final one but advance payment pending the completion of their negotiations with the sugar cane farmers
Sugar cane farmers in Masindi district have for long been pushing Kinyara Sugar Company to increase the cane price.
Last year, Kinyara Sugar Company increased the price of sugar cane from Shillings 78,000 to Shillings 141,000 a ton.
However, the price has been lowered to Shillings 100,000 due to the fluctuation of the price of sugar.
By Deo Wasswa