Tag: Uganda

Uganda’s full year coffee exports attain highest volume in 30 years propelled by buoyant performance in August

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UGANDA – Uganda is continuing to exhibit an upward trend in its coffee export volumes and earnings, attaining a 34.89% rise in quantity to 700,990 60-kilo bags, compared to the same month last year. The month’s output is higher compared to the 700,035 bags exported the previous month in July and 618,388 bags sold in June. During the period under review, the East African country fetched US$ 75.09 million from the exports of the month, 63.06 % higher compared to the corresponding period in 2020. Meanwhile, coffee exports for the…

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Bingo moment for Carrefour as it inks lease transfer agreement with Shoprite for Ugandan stores

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UGANDA – A golden opportunity for Majid Al Futtaim, the regional franchise holder of Carrefour, to rapidly expand in the retail sector of Uganda’s economy has unveiled itself. The Dubai based conglomerate has entered into an agreement with Shoprite Checkers Uganda Limited, to take over the six stores of the South African retailer in the East African nation. Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores. “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international…

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Nile Breweries, Jumia champion smart drinking behavior: hydrating, eating while indulging in alcohol

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UGANDA – Uganda’s leading beer manufacturer and subsidiary of AB InBev, Nile Breweries Limited (NBL, has partnered with delivery service provider Jumia to commemorate the Global Smart Drinking Week (GSDW). The GSDW 2021 aimed to curb the harmful use of alcohol will run from September 13–17 and aligns with the first week of the United Nations General Assembly. According to the brewer, it will celebrate GSDW 2021, along its sister breweries around the world, championing the many specific behaviours and social norms that encompass smart drinking and aim to make…

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Ugandan beer producers partner with research institution NARO to enhance quality of locally sourced raw materials

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UGANDA – Nile Breweries Limited (NBL), the Ugandan subsidiary of AB InBev has inked a 5-year Memorandum of Understanding (MoU) with the National Agricultural Research Organization (NARO), aimed to boost commercial cassava production in the country. The partnership seeks to address the need to improve the quality and quantity of cassava produced, whose demand is expected to increase as the brewer mulls on turning it into one of its major raw materials. Theunis Coetzee, Agricultural Services Manager at NBL, revealed that they have decided to start beer production from cassava…

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Uganda’s retail sector impacted by exit of foreign investors from the economy

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UGANDA – The government of Uganda has launched an investigation into the mass exodus of big foreign companies from the country, the latest being the planned divestment of Massmart’s Game store in the country. The probe also aims to finding out whether there is something government can do to avert any other similar exits and whether there are any other regional markets that are taking advantage of the situation. “We are studying this. I assigned my team to find answers to why each of these companies has exited, the likely…

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Uganda Breweries Limited reminisces its 75 years of existence

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UGANDA – As part of its palladium jubilee celebrations, marking a significant milestone of attaining 75 years of existence, Uganda Breweries Limited, subsidiary of East African Breweries Limited held a panel discussion, chronicling the brewer’s journey over the years since 1946. What was clear from the start is the fact that UBL has weathered the storms and thrived thanks to its sustainable business model and culture of doing business the right way, from grain to glass, riding on ethics and integrity. The panellists discussed UBL’s contribution to the growth of…

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Coca-Cola Beverages Africa in Uganda launches new drink with unique local taste dubbed Ades Nutri-Bushera

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UGANDA – Coca-Cola Beverages Africa in Uganda has launched a new product known as Ades Nutri-Bushera. Ades is the global brand for plant-based beverages for the Coca-Cola Company with blends of nuts, cereals, fruit juices, indulgent flavours, vitamins and minerals for a rich, smooth and delicious taste. While, Bushera is a traditional drink made in Ugandan households out of millet and sorghum, mainly consumed at social gatherings such as weddings, child naming ceremonies etc. The new Ugandan blend, Ades Nutri-Bushere has been produced and packaged to match the specific taste…

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Uganda dismisses claims that Kenya slashed its sugar export quota

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UGANDA – The government of Uganda has refuted claims that Kenya has cut the country’s sugar export quota by 79%. Recent reports indicated that Kenya had revised the allocated sugar imports quota for Uganda by cutting the allowable quantities of the commodity into the country to import 18,923 tonnes of sugar down from 90,000 tonnes. With the changes it was deemed that countries from the Southern Africa will account for the largest share of imports under the regional market window with eSwatini lead the pack with 68,959 tonnes followed by…

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Uganda’s coffee exports volume rise by 28% in July 2021 earning US$69.93m

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UGANDA – Uganda’s coffee exports in July 2021 amounted to 700,035 60-kilo bags worth US$ 69. 93 million. This was an increase of 28.77% and 39.27 % in quantity and value respectively compared to the same month last year, indicates Uganda Coffee Development Authority (UCDA) on the monthly report. The performance also exhibited the country’s continuous monthly growth in export volumes in the current year. In June, Uganda sold 618,388 60-kilo bags worth US$ 58.56 million. The total exported volumes in July, comprised of 660,458 bags of Robusta valued at…

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Uganda’s pioneering organic farm AMFRI clinches US$1.5m investment from Pearl Capital managed fund

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UGANDA – Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners has partnered with FCA Investments to issues €1.3 million (US$1.54 million) backing to Uganda’s AMFRI Farms Ltd. The AMFRI Farms is a pioneering organic farming, processing and exporting company of certified fruits and vegetables, herbs, spices, cereals, food additives and colourants. The company works closely with diverse communities all over Uganda, in training and production of certified organic produce. According to reports by Daily Monitor, the financing is partially structured as convertible preference shares, 60…

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