BUSINESS NEW VISION, Friday, August 1, 2014 31
By Michael Kanaabi the previous period. account for this. Jinja’s came second and Racheal Nabisubi Energy, fuel and utilities annual at 5.8% for the year ended July 2014 inflation dropped from 4.1% for the year compared to 4.3% for the year ended The annual headline inflation for the year ending June 2014 to 0.3% for that ending June 2014. UBOS blames high food and ending July 2014, dropped to 4.3% from July 2014. education costs. 5.0% the one ending June, thanks to a Food inflation for the corresponding Masaka’s declined from 6.5% for the decreased annual food crop inflation from period dropped from 6.5% to 5.6%, while year 2014 to 5.6 % at the end of July 2014. 17.2% in the corresponding period. non-food inflation dropped to 3.7% from Mbale’s increased from 3.2% to 4.5%, The Uganda Bureau of Statistics 3.8%, it said. and Kampala’s two segments registering (UBOS) consumer price index report for Arua’s annual headline inflation was a drop. July 2014, though shows core inflation highest at 6.7% for the year ended The middle income segment registered which excluded food, fuel and utilities July 2014, up from 3.7% for the year to 3.7% from about 5.8% and the prices slightly inched up to 3% for ended June 2014. High food, clothing, high income segment from about the year ending June 2014 from 2.9% telecommunication and education prices 4.2% to 3.4%.
Ladiwala and Peeradina selecting the Jinja Road on Monday News NAJERA WOMAN WINS SATURDAY VISION BATHROOM CONTEST
By Norman Katende Business The excitement could be heard right through the phone as Sheila Leta Mbabazi, FTSE Wenxiu (right) and a resident of Najera, ululated when she was Saleh chatting told she had won a fully-fitted bathroom Down at after signing the courtesy of RAK Ceramics and Saturday 6753.13 memorandum of Vision. understandingon Mbabazi’s coupon was selected by Aliraza Wednesday. Looking Ladiwala, RAK Ceramics and Sanitary Ware CAC on is Prof. Ssentamu director, out of hundreds of entries at the and Kiberu RAK Ceramics offices at JR Complex on Jinja Down at Road on Monday. “Is it true?” Mbabazi asked with excitement 4278.36 as she spoke to Rafic Peeradina, the marketing manager of RAK Ceramics and Sanitary Ware. DAX Although a number of coupons had been Down at China to train Ugandan received, only 25 made it to the final draw. “We received the coupons from as far as 9497.61 Mbarara. It was a joint promotion between RAK Ceramics and Saturday Vision and it DOW ran for over a month. The winner will take a fully-fitted bathroom of her choice worth JONES students, farmers sh2m,” said Charity Ahimbisibwe, the Down at deputy Supplements editor. By Samuel Sanya from its resources. “We are giving back to the community and 16880.36 “In the past, we ignored the role of giving New Vision readers an opportunity to A deal to boost Uganda’s agricultural BETWEEN THE LINES: universities in the development of try out the different range of products we productivity has been signed between agriculture. Many people thought the have,” said Ladiwala. the Chinese Academy of Agricultural Saleh said through the army cannot be involved in agriculture. Mbabazi is expected to go to the RAK Mechanisation Sciences, Makerere agreement, Makerere University This agreement shows the importance of Ceramics and Sanitary Ware offices and University and the Namunkekera Rural will make Chinese technology collaboration. It shows that we can marshal make a selection from a range of tiles Industrial Centre (NRIC) in Nakaseke. compatible to local needs and the all our resources and we will not have for her bathroom. Under the memorandum of understanding knowledge will then be spread to scarcity,” he noted. signed on Wednesday, students from the the farmers across the country. Makerere University head of the College Makerere University College of Agricultural of Agricultural and Environmental Sciences, and Environmental Sciences and farmers defence and security. Prof. Bernard Bashasha, noted that the affiliated to NRIC will attend short thematic The five-year agreement came into force collaboration would boost Uganda’s courses in agriculture in China. on Wednesday and the first group of agricultural productivity and economic A World Bank report notes that over 60% between 10 to 15 students and farmers development. of Ugandans in urban areas and 80% in is slated to leave for China in August or Henry Mutebi Kityo, a board member of rural areas depend on agriculture for their September. the National Enterprise Corporation (NEC), livelihood. the business wing of the army, noted that CURRENCY BUY SELL “Through this agreement, Makerere The agreement will also lead to exchange University will make Chinese technology the Chinese market presents a big export of skills and knowledge in bio-energy, compatible to our local needs. This opportunity for Uganda. US Dollar 2620 2640 irrigation, mechanisation, agricultural Prof. Liu Wenxiu, the CAAMS vice-general Euro 3505 3600 knowledge will then be spread to the processing and packaging. consumers (farmers) around the country. manager in the overseas engineering Pound 4415 4505 Farmers from rural-based industrial The education, agriculture and local department, signed on behalf of the Kenya 29.6 30.5 centres around the country will be trained government ministries are disconnected, Chinese institution. He was flanked by top Tz Sh 1.51 1.58 in tractor driving and maintenance. The yet they need to partner to develop the officials from the China Development Bank. The ceremony was witnessed by John S.A Rand 240 260 areas of study will be selected by Makerere agricultural sector,” Gen. Saleh noted. University. He revealed that there are ongoing Ddumba Sentamu, the Makerere University Japanese Yen 25 27 “We are lobbying the Government for the vice-Chancellor, Dr. Beatrice Wabudeya, Dhiram 705 725 discussions to sell Ugandan agricultural establishment of at least 200 rural-based products in China in addition to exchanging the chairperson of NEC and Kaddu Sudanese Pound 525 620 industrial centres around the country. The technology and skills. Kiberu, the former chairperson of the Rwandese Franc 3.3 3.8 plan is ambitious, but achievable. These The agriculture state minister, Prof. Uganda Manufacturers Association. Others centres make it possible to aggregate Zerubabel Nyira Mijumbi, noted that are Goddy Muhumuza, the Makerere Compiled by Roselyn Karatsi and process agricultural produce,” said collaborations between government University head of legal and Prof. Noble RATES ARE SUBJECT TO CHANGE Gen. Salim Saleh, the head of NRIC agencies, the army and universities would Banadda of Makerere University College of and a senior presidential advisor for ensure that Uganda gets maximum value Agricultural and Environmental Sciences.