The Ministry of Mines and Energy has proposed the introduction of a single importation point for goods as a means to curb rising import prices. Minister of Mines and Energy Tom Alweendo said the approach is set to potentially offer relief to sectors heavily impacted by elevated costs, such as transportation and agriculture. He said...
Soaring sugar prices are hitting Africa’s poorest nations hard, forcing families and restaurants to cut back on this essential ingredient due to disappointing harvests and import tariffs. Bloomberg News reports that disappointing harvests in major sugar-producing countries have driven wholesale prices to their highest levels in over 12 years. Consumers in Rwanda, Uganda, Kenya, and...