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Move Uganda’s economy closer to the Indian Ocean – or die

Move Uganda’s economy closer to the Indian Ocean – or die

Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-07-10 03:46:27

Late last month, Uganda reinstated a 25 percent import duty on fully electric vehicles, hybrid vehicles, and electric motorcycles. Barely a week later, regional events showed how short-sighted that action was.

Reports emerged that Uganda’s attempt to get cheaper and more reliable fuel supplies, by importing directly from Gulf suppliers, instead of buying from Kenyan middlemen companies might be in trouble. The reports said Kenya had imposed what could amount to UShs145 billion port fees on Uganda-bound fuel and jerked up the bond fee at the Vitol oil terminal (which is handling it)…

Read the full article on Uganda Monitor

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