BUSINESS NEWS IN BRIEF
Jan 21, 2003
<b>Rates go up</b><br>KAMPALA The Bank of Uganda (BOU) rediscount rate has been revised upwards from 12.08% to 12.83% according to a press release issued last week.
Rates go up
KAMPALA The Bank of Uganda (BOU) rediscount rate has been revised upwards from 12.08% to 12.83% according to a press release issued last week. The bank rate also increased from 13.08% to 13.83%. The new rates are effective January 15.
Orbit gains
KAMPALA Sales of Orbit chewing gum have almost doubled in the past month. This followed the launching of the ‘Orbit-win-School- Fees promotion,’ and aggressive marketing campaign, according to Robert Kayonjo, Wrigley East Africa country director.
Coffee mix
MBALE Bernard Mujasi, the LC5 chairman, has said that patrols will be mounted against “imported†coffee being used to adulterate the popular Bugisu Arabica coffee. He said that a rare type of Arabica coffee from Paidha in Nebbi district was being used to adulterate and compromise the price and quality of Bugisu. Ends
KAMPALA The Bank of Uganda (BOU) rediscount rate has been revised upwards from 12.08% to 12.83% according to a press release issued last week. The bank rate also increased from 13.08% to 13.83%. The new rates are effective January 15.
Orbit gains
KAMPALA Sales of Orbit chewing gum have almost doubled in the past month. This followed the launching of the ‘Orbit-win-School- Fees promotion,’ and aggressive marketing campaign, according to Robert Kayonjo, Wrigley East Africa country director.
Coffee mix
MBALE Bernard Mujasi, the LC5 chairman, has said that patrols will be mounted against “imported†coffee being used to adulterate the popular Bugisu Arabica coffee. He said that a rare type of Arabica coffee from Paidha in Nebbi district was being used to adulterate and compromise the price and quality of Bugisu. Ends