BusinessHealth

What the corona virus means for businesses in Uganda

1 Mins read

As the death toll in China hits over 1000, people in China are living under constant fear of their lives. Ugandan traders usually move to China to import items for trade during February but they have rescheduled their flights for a later date when the situation is stable.

The requirements for a China VISA are also very high as they can only make appointments around May. They have been advised to find other places from where they can import their items. However the traders insist that China has a variety of products and great prices.

The traders also talked about the possibility of their stock running out as it cannot last more than one month. Most of them last went shopping during the Christmas season. This shows a possible case of inflation and lack of commodities on the market. The issues are raising from the Kikuubo traders who mostly get their stock from China. They don’t know the way forward and are very worried of the next months to follow.

Related posts
Business

Experts to Spotlight Innovative Financing at 2nd Annual Financial Symposium for Uganda’s Manufacturers

2 Mins read
Experts have identified innovative and sustainable financing as key to unlocking Uganda’s industrial potential, and it will take centre stage at the…
Business

Media Freedom is a Potential Force for Socio-Economic Transformation - Alupo

1 Mins read
Vice President Jessica Alupo has emphasized the critical role of media freedom in driving Uganda’s socio-economic transformation. Speaking at the opening of…
BusinessTech

Gov’t Rallies Youth to Lead Agricultural Innovation in Shs 222 Million AYUTE Africa Challenge 2024

1 Mins read
State Minister for Agriculture, Hon. Fred Bwino Kyakulaga, has called on Uganda’s youth to take charge of the country’s agricultural transformation by…