Ugandan President Yoweri Museveni urges EAC member states to remove all non-tariff barriers which hamper economic integration and development in the region.

President Museveni urges EAC member states to remove all non-tariff barriers to promote economic integration.

More by this AuthorRead:“All rice originating from the Republic of Tanzania and with a certificate of origin according to preferential treatment will effective July 27 attract a 0 percent import duty in accordance with paragraph 1(L) of the third Schedule to the VAT Act and Article 15 of the Protocol establishing the East African Community Customs Union,” Mr Rubanda said.

Uganda revenue below target second year in a rowReportInvestigationWhile emphasising the need for East African Community member states to allow free trade recently, President Museveni said: “The other time l told Samia Suluhu (Tanzania’s President) that l had pressure from my inefficient farmers in Uganda who said they had started growing rice. l asked them why they are growing rice. They are now telling me Tanzania is growing a lot of rice, which is cheaper, and that I should put a tax on it. l have told them, don’t tell me that nonsense. If you can’t produce cheap rice, go to Tanzania. There must be free trade,” he said.

Friday August 12 2022 Ugandan President Yoweri Museveni has urged EAC member states to remove unnecessary taxes which hinder economic growth in the regions.Friday August 12 2022 The Bank of Uganda headquarters in Kampala.Subscribers can listen to this article The Africa Super League was launched in Tanzania this week amid much fanfare, with huge prize money for the 24 clubs who qualify for the first edition next year.Friday 12 August 2022 – 8:33am CAF president Patrice Motsepe (L) and FIFA boss Gianni Infantino at the launch of the Africa Super League in Arusha, Tanzania.

PHOTO | DAILY MONITOR | NMG Advertisement More by this Author The Ugandan government has scrapped the Value added Tax (VAT) on imported rice from Tanzania. The development comes two weeks after Uganda’s President Yoweri Museveni appealed to all the seven East African Community (EAC) member states to remove all non-tariff barriers, saying they were hampering economic integration and development in the region.0 percent. Read: Museveni’s address: No govt intervention amid high cost of living In a July 29 letter addressed to the customs staff, the Assistant Commissioner for Trade at Uganda Revenue Authority, Mr Alexander Rubanda, said all rice originating from Tanzania will attract a zero percent tax duty. Winners of the Super League will be $11. “All rice originating from the Republic of Tanzania and with a certificate of origin according to preferential treatment will effective July 27 attract a 0 percent import duty in accordance with paragraph 1(L) of the third Schedule to the VAT Act and Article 15 of the Protocol establishing the East African Community Customs Union,” Mr Rubanda said.” The headline inflation –a measure of annual changes in the cost of living– rose to 7. While addressing journalists in Kampala yesterday, the secretary general of Kampala Rice Traders Association, Mr Robert Ssentongo, commended the government for scrapping VAT of Ush180,000 ($47.5-million richer.

09) per tonne of rice, which he said was affecting traders.8 percent the previous month. Here, AFP Sport tells what is known about the Super League and also what is not known about a competition set to give football in Africa a considerable boost. Related Uganda revenue below target second year in a row Advertisement Mr Ssentongo also announced that the Parliamentary Committee on Tourism, Trade and Industry had recommended in their report that the Rice and Agribusiness Development Foundation (RADFO) stops collecting money from rice traders at various border points. Report The August parliamentary committee report on the alleged unfair trade practices in the rice subsector indicated that RADFO has been conniving with URA officials to fleece rice importers of Ush180,000 ($47. Last month, BoU held its first unscheduled monetary policy committee meeting on the back of soaring commodity prices occasioned by supply chain disruptions caused by the Russian invasion of Ukraine.09) per tonne of rice imported from Tanzania compared to Ush4,000 ($1. – Qualifiers will be decided by rankings based on results in CAF competitions over a period of time yet to be announced.05), which the traders were paying before.0 percent and 7. +++ Qualifiers will be decided by rankings based on results in CAF competitions over a period of time yet to be announced.

The committee recommended that civil action be taken against RADFO with the aim of obtaining compensation amounting to Ush17.8b ($46. Related Rwanda makes biggest interest rate rise to 6pc Advertisement The economy is projected to expand at between 2. – The original plan to have 20 permanent Super League members with a few additional clubs qualifying has been scrapped.5 billion), which was unlawfully and fraudulently collected from the traders. The Speaker of Parliament on May 5 instructed the Tourism, Trade and Industry Committee to probe the alleged unfair trade practices in the rice subsector following a petition by the traders.0 percent, a slower pace compared to the earlier estimate of 4. Investigation During their investigations, the MPs interfaced with various stakeholders and took a fact-finding field visit to Mutukula Border from August 3 to August 6 before coming up with recommendations.5 million up front to cover travel and accommodation costs and to strengthen squads. +++ CAF president Patrice Motsepe said each qualifier would receive $3.

“RADFO has been collecting money from the traders.0 percent this year. They have been paying Shs180,000 ($47.09) per tonne of rice in addition to paying a withholding tax of 6 per cent to URA, when you reach the customs gate, you find the RADFO officials and you pay them Ush180,000 ($47. The monetary policy stance has seen the cost of funds rise as commercial banks increase lending rates, restricting private sector borrowing. – FIFA president Gianni Infantino has proposed creating an elite panel of full-time African referees, who would be funded by the world body with poor performances triggering demotion.09) per tonne. A vehicle loading 30 tonnes goes for about Ush5. UNKNOWN Who will make the cut is uppermost in the thoughts of African football followers, and Raja, Wydad, Berkane, Al Ahly and Zamalek from Egypt and Esperance Tunis seem certainties.

4 million ($14. – South African outfit Kaizer Chiefs reached the 2021 Champions League final, but otherwise have made little impression in Africa, often making early exits after fielding below-strength teams.1 million),” Mr Ssentongo said. “The Parliament has recommended in their report that RADFO should stop collecting the money from us. RADFO has also been asked to return the more than Ush17 billion ($44. – Enyimba, based in southeastern city Aba, should make it, but they will probably be the only club from the most populous country in Africa to feature in the maiden Super League.5 billion) collected in the last two months,” he added. Enyimba, based in southeastern city Aba, should make it, but they will probably be the only club from the most populous country in Africa to feature in the maiden Super League.

While emphasising the need for East African Community member states to allow free trade recently, President Museveni said: “The other time l told Samia Suluhu (Tanzania’s President) that l had pressure from my inefficient farmers in Uganda who said they had started growing rice. l asked them why they are growing rice. – CAF say they will retain the Champions League and second-tier Confederation Cup competitions, possibly as knockout competitions with the current group stages ditched. They are now telling me Tanzania is growing a lot of rice, which is cheaper, and that I should put a tax on it. l have told them, don’t tell me that nonsense. If you can’t produce cheap rice, go to Tanzania. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Source.

There must be free trade,” he said. According to statistics from the Ministry of trade, Uganda consumes about 300,000 tonnes of rice a year and this demand has largely been supplemented by imported rice. Read: Private sector blocking trade, EA integration Minister’s letter On April 21, the Minister of State for Trade, Ms Harriet Ntabazi, wrote a letter to the Commissioner of Customs at URA, Mr Abel Kagumire, ordering him to seize clearance of VAT exempt rice imports until further notice. Thereafter you will be billed R75 per month. She further informed him that the ministry would subsequently engage them and other stakeholders in regards to the matter in the due course. On April 27, the deputy commissioner for Customs, Mr Julius Mponooka, wrote an internal memo effecting the half of the clearing VAT exempt rice from Tanzania.

However, the directive was reversed a week later by Mr Kagumire during his appearance before the committee on August 1, 2022.

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