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Sunday,September 15,2019 19:07 PM

Export earnings to reach $1.5b

By Vision Reporter

Added 5th October 2005 03:00 AM

Uganda will earn $1.5b in exports this year, the trade state minister Igeme Nabeta told reporters in Kampala recently.

By Jovita Mirembe

Uganda will earn $1.5b in exports this year, the trade state minister Igeme Nabeta told reporters in Kampala recently.

Nabeta said this was a result of increased volumes in non-traditional exports like fish and flowers.

He said in 2004 Uganda earned more than $1.3b in exports as exports grew from $522m in 2003 to $653m in 2004.

Nabeta said exports were one of the strategies for poverty reduction.

“We are encouraging the processing industries to make finished products so that we earn a premium rather export raw materials,” he said.

Florence Kata, the Uganda Export Promotions Board executive director, said the board was organising the 6th Annual Presidential Export Awards slated for this Friday at the Sheraton Kampala Hotel.

She said the awards were under the Government’s startegic export development programme.
Kata said the awards would be under the theme “Scaling New Heights.”

She said the function, sponsored by various organisations would cost sh37m.

Export earnings to reach $1.5b

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