Uganda, April 17 – According to reports, East African country Uganda recorded the highest imports in the month of March, competing for the first dependency place with Tanzania, following closely behind. Uganda is a growing economy which has not yet established itself yet.
Car were most imported, despite the fact that the country’s manufacturing sector is growing. German automaker Volkswagen is the newest brand in the country that seeks to bring competition to Toyota and other brands in East Africa. The demand for cars has been a sign of the growth in transport network with the taxi industry expanding.
Clinker has been in demand in the country as manufacturers prefer the raw material to cement in construction. The country has imported close to 180,000 tonnes which is a significant rise for the stony residue. This was recorded to be more than 55,000 tonnes recorded in the month of April this year.
The agricultural sector recorded high imports as well with fertilizers demand to improve and boost productivity causing farmers to demand for more. Productivity level have been avidly affected by lack of fertilizers and farmers’ associations have seen the need to supply the fertilizers. There has been a shortage of the same and suppliers have shot up prices.
The government is making friendly policies in order to lure investors to make more investments. These investments would propel the economy of the country, making it stable and improving the status of the country.
The dependency rate of African countries has weakened the African Union (AU), as highlighted by Rwanda’s President Paul Kagame. Investments will help the country build its industrialization sector to improve the export to rake in revenues for the country. Wheat and sorghum were the cereals that were most imported to service the breweries. Steel and coal too added to the imports’ tally.