On Thursday 31st August 2017, the Ministry of Trade, Industry and Cooperatives Hon. Amelia Kyambadde paid a visit to Uganda Fishnet Manufacturers Ltd to ascertain the quality and capacity of the factory to supply fishnets to the Ugandan market. The Minister’s visit follows the May 2017 12 month ban on the importation of all fishnets and other fishing gears in order to control sub standard fishnets and a presidential directive to allow only fishing nets made in Uganda.

Speaking after a tour of the factory in Luzira, Hon. Kyambadde commended Uganda Fishnets for the quality fishnets produced and said she was convinced that they had the capacity to supply the Ugandan market.

The General Manager of Uganda Fishnets Ltd Mr. Nitin Survana told the Minister that their current capacity is 860,000 fishnets annually and the production is expected to increase to 1.2 million nets per annum when they finish installing the new equipment. The new equipment is expected to be installed in October this year.

Uganda Fishnets Manufacturers Ltd is one of the only 2 fishnets factories in Uganda.

 

Uganda to start Diaspora Investment Fund to tap Diaspora funds for industrialization

Ministers of Industry from the 19 Member States of the Common Market for Eastern and Southern Africa (COMESA) have unanimously approved the COMESA Industrial Strategy with emphasis on local content as the stimulus for industrial growth in the region. This was during a meeting of Ministers of Industry from the COMESA Member States which took place in Lusaka, Zambia on Friday 8th September 2017 under the theme “Inclusive and Sustainable Industrialization”.

While opening the meeting, the Minister of Commerce, Trade and Industry for the Republic of Zambia Margaret Mwanakatwe underscored the transformative role of industrialization in employment creation, poverty reduction and enhanced regional trade. She noted that despite the tremendous potential in the Member States, the share of manufacturing value added in the COMESA region is still far below other economic blocks, such as the Association of South East Asian Nations (ASEAN) and the European Union (EU). Mwanakwate stressed the importance of political will and inclusiveness in implementing successful industrialization.    

A New York State Judge Frank J. LaBuda has commended Uganda for coming up with a policy on promoting local content, saying this is the way to go if Uganda is to resuscitate her economy. LaBuda was meeting Trade Minister Amelia Kyambadde at her office in Kampala on Wednesday 2nd August 2017, to discuss issues pertaining to development of trade related legal and regulatory framework.

Minister Kyambadde told LaBudda that Government introduced the Buy Uganda Build Uganda Policy (BUBU) to support the production, purchase, supply and consumption of local goods and services. She said the Policy provides for Government support to the Private Sector in the development and marketing of Ugandan brands and creating awareness and cultivating supportive measures in local sourcing of procurements in Uganda.

The Minister added that the ultimate for BUBU is to change the mindset and attitude of Ugandans towards locally produced goods and services.

On 12 July 2017, the Delegation of Uganda to the World Trade Organisation in partnership with Trade Mark East Africa (TMEA) hosted a side event on Trade Facilitation on the side lines of the Sixth Global Review of Aid For Trade. The objective of this session was to show the extent to which Uganda with the support of TMEA had undertaken deliberate and strategic moves to ease the cost of doing business. The Hon Amelia Anne Kyambadde, Minister of Trade, Industry and Cooperatives together with Mr. Frank Matsaert, Chief Executive Officer of TMEA were on the panel to show case the One Stop Boarder Post (OSBP) in Busia. A live link connection was done to feed directly into the panel discussion to an audience of over 500 trade facilitation enthusiasts.

A video highlighting the OSBP processes at Busia was showcased. The three-minute video highlighted: the One Stop Border Post; the Authorised Economic Operator (AEO) Scheme; and the Regional Electronic Cargo Tracking System.

During the discussion, the Hon Kyambadde fielded several questions moderated by Mr. Matsaert on why the OSBP; the challenges that obtained before; and the benefits of the OSBP in terms of cost reductions with regard to movement of cargo and clearance of goods.

On first July, 2017 Uganda will join the rest of the world to commemorate the 95th ICA International Cooperative Day / 23rd UN International Day of Cooperatives. The United Nations' (UN) International Day of Cooperatives is observed on the first Saturday of July each year.

The aim of the commemorating the day is:

  • Underscore the contribution of the cooperative movement to the resolution of major problems addressed by the United Nations.
  • Increase awareness on cooperatives
  • Strengthen and extend the partnerships between the international cooperative movement and other actors including governments, at local, national and international level.

The theme for this year is INCLUSION and the Slogan is Cooperatives ensure no body is left behind.

In Uganda the national venue for the celebrations is Mbale Cricket Grounds and the Host Union is Bugisu Cooperative Union Ltd.

 Uganda Export Promotion Board Uganda Warehouse Receipt System Authority Management Training and Advisory Centre Uganda National Bureau of Standards Uganda Industrial Research Institute