Newslex Point News in Uganda, Uganda news
Ramadhan Ggoobi, the permanent secretary in the Ministry of Finance, Planning and Economic Development has said there is hope for prices to go down. He assured Ugandans that by July, commodities like soap and cooking oil are likely to reduce.
He is currently in Sharm El Sheik, Egypt to attend the 2022 Islamic Development Bank Group annual meeting which Uganda has been part of since 1974.
From his involvement with the key economic players on the continent, Ggoobi said he is confident prices of some commodities will soon relax, hopefully by July this year.
“I have got assurance from Dr. Sri Mulyani Indrawati, Finance Minister of Indonesia that they are going to lift the ban on export of crude palm oil next month (July). Prices of soap and cooking oil are likely to reduce,” he said.
Ggoobi explained that Indonesia accounts for 59% of global palm oil exports.
He said the country banned export of crude palm oil to cater for their own rising domestic prices, a problem that has since been solved and are now ready to resume export.
The bank is now focused on infrastructure and sustainable human development in the next four years and Ramadhan Ggoobi thanked them for this.
He also requested the bank to renew the member country partnership with Uganda and support the private sector to access affordable financing.
Women started rioting
In similar story recently published by NEWSLEXPOINT.com, police arrested Women activists over rioting in objection of high commodity prices. These women were led by Doreen Nyanjura, the deputy Lord Mayor.
They were around Mulago-Wandegeya expressing their displeasure at the rising commodity prices and continued detention of Kizza Besigye. Last week, Police arrested Dr. Kizza Besigye for protesting over the same matter but up until now he is still in Jail.
Check also;
- Besigye Is Using This High Commodity Prices To Regain His Fame – Hon. Dan Kimosho
- Women Activists Arrested For Rioting Over High Commodity Prices
- What Have Other Politicians Done About Hiked Commodity Prices – Journalist Baker Batte
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg)