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[2007-09-28]  Market prices shoot up in Juba
MARKET prices shoot up in Juba
MARKET prices have skyrocketed by as much as 100% in Juba as bad roads cut off supplies from Uganda, lowering the standard of living in the southern Sudan garrison town.

“The cost of goods has gone up and the standard of living has gone down,” Finella Llams, a Ugandan running a youth non-governmental organisation, said on Monday.

“I have cut drastically on my consumption.” In the cheapest market, a single tomato costs about sh900, up from sh450, while the price of a 500ml bottle of mineral water has doubled to sh1,800.
The Coca-Cola soda from Uganda, whose demand is high is up to sh4,000 from sh2,500. The road from Gulu to Juba, the shortest-single day journey to Juba, has no tarmac. When it rains, it breaks down.

“It’s only our side of the road that is bad,” Habib Miggadde, the head of Chancery at the Ugandan Consulate said two weeks ago. “We are trying to fix it.”
John Nasasira, the transport minister and his South Sudan counterpart then, Rebecca Nyandeng, reached an agreement to repair the roads in 2006.

But this road, said to bring in more export earnings than any other export route, has no single stretch of tarmac along its nearly 300km length from Gulu to Nimule.
The road’s breakdown has also pushed up transport fares.
A bus ticket now costs sh100,000, up from sh50,000 on account of the longer journey, riddled with constant breakdowns and higher fuel costs.

“And then you have to sleep on the way,” said James Okanya, a consultant here.
After they reach Gulu, vehicles now detour west up to Arua and Moyo in the northwest, before heading back east up to Atiak, a seven-hour journey, where they spend the night.

Without the detour to the northwest of the country, the Gulu to Atiak journey is ordinarily a two-hour ride.
Some commuters without luggage, and without personal vehicles, are opting to get on motorbikes in Gulu.
A motorbike-ride from Gulu to Atiak takes about three hours, and costs sh30,000.
From Atiak, the commuters hop onto a taxi to the border, which charges sh30,000 for a two-hour journey.
Another taxi takes the commuters from the Sudan border to Juba at sh30,000.
Worsening the situation is the breakdown of the road from Yei to Juba.

A bridge broke down more than two weeks ago, and traders have to carry goods from one side of the bridge and load them onto waiting trucks on the other side.
The breakdown has opened the eyes of the authorities on the need for alternative supply sources.

According to a newspaper here, the deputy speaker of the Legislative Assembly, John Tombe, told parliament that over 500 vehicles, loaded with goods, were stranded 528 miles away from Juba with little hope of making it to the South Sudan capital town, Juba.

“Yei road is now completely impassable; goods are not flowing in,” Tombe said. The MPs are asking what the state ministers are doing to get goods to Juba even if the roads are blocked and to get alternative supply sources that are cheaper than the goods from Uganda.
Goods from Uganda are still expensive even when the roads are not this bad, because the absence of tarmac breaks down the vehicles, leading to high maintenance expenses.

The breakdown has also affected the delivery of services in South Sudan.
State ministers who went on mission to Yei, 40 kilometres from Uganda’s north-western border entry point into Sudan, were left stranded mid this month, and had to request an helicopter, or they would stay in Yei until the roads cleared.
The unavailability of goods from Uganda has pushed up the demand for goods from Khartoum.

A 300ml bottle of Coca-Cola soda is up from $1 to $1.50.
Other traders are looking elsewhere for similar goods.
Red Bull, a popular energy drink in Juba has been replaced on the shelves with Vigor, imported from Dubai and by RX, made in the US, but imported from Eritrea.
Fearing a loss of clients for good, some big hotels have had to warn revellers in advance.

Home & Away, one of Juba’s latest, and most popular restaurant, bar, and business centre, did just that when it increased prices of its beverages from sh6,300 per bottle or can of soda or beer to sh9,000-- it has a flat rate for all beverages.
“This is due to the current status of the roads, which affected the supply of beverages and increased prices in the whole of Juba and even higher, in the whole of South Sudan,” the company said in a statement.

“However, the prices will go down once the supply routes improve. While we strive to serve you better, the management regrets any inconveniences caused.” Small entities are also feeling the brunt of high prices.

“Morale is generally low. Activities are not running, we are out of stationery, we can’t move staff, and you can’t push staff when there is no money,” Llams said.



Source: © Copyright The New Vision 2000-2007.



[2008-10-10]   Commonwealth Ministers Want Financial Markets Regulated
[2008-10-08]   EABL gets Africa award
[2008-10-02]   DTB to serve till 8pm
[2008-10-01]   Inflation falls to 15.2%
[2008-09-29]   KCB looks to S. Sudan
[2008-09-26]   New Vision profits grow by 40% to sh4.7b
[2008-09-24]   BATU told to go organic
[2008-09-23]   Uganda backs single stock exchange
[2008-09-18]   New Vision tops circulation figures
[2008-09-17]   Banks Turn to Informal Sector
[2008-09-16]   Baroda On a Gigantic Rise, Stanbic in a Record Low
[2008-09-12]   Central Bank vows to tame inflation
[2008-09-11]   Share spilt: Is Uganda Clays fairly valued?
[2008-09-10]   Share prices fall as more shares begin trading on the bourse
[2008-09-09]   New Vision to start trading today
[2008-09-08]   Uganda Clays is Doubtlessly the Company of the Future
[2008-09-04]   New UCL stocks rise
[2008-09-03]   Uganda Clays pursues expansionist strategy
[2008-09-01]   Beer maker’s profit goes up by 22 per cent
[2008-08-29]   BAT-Uganda gets sh4b profits
[2008-08-27]   NSSF to Acquire Shares in MTN
[2008-08-20]   Citizens in Diaspora Buy Govt Securities Worth 150 Million U.S. Dollars
[2008-08-20]   Stanbic Bank Shares Boost Own Image, Bourse Value
[2008-08-15]   Kikuubo Traders Hold Key to Capital Markets Thrust
[2008-08-13]   dfcu Limited posts 60 percent profit in June 2008 half year results
[2008-08-12]   Companies, Investors Hit Gold on USE Growth
[2008-08-11]   EABL donates sh175m for sanitation projects
[2008-08-08]   Long term investors to benefit from stock
[2008-08-07]   dfcu Bank opens in Mbale
[2008-08-06]   Stanbic Bank profits rise to sh33b
[2008-08-05]   Housing Finance shareholders get Shs3b in dividends payout
[2008-08-04]   Vision rights issue closes this week
[2008-08-01]   UCL investors to miss out on dividends
[2008-07-31]   BATU emerges top at agriculture show
[2008-07-30]   UCL to split shares again
[2008-07-29]   KCB, Equity Banks to List On USE - Bourse to Automate Soon
[2008-07-28]   Safaricom IPO slows down bourse
[2008-07-25]   Stock splits to ease scarcity of Baroda, UCL shares
[2008-07-24]   Strong shilling affects USE in second quarter
[2008-07-22]   70% New Vision extra shares taken
[2008-07-21]   SBU launches e-statement
[2008-07-14]   Uganda brokers, dealers plan boycott of the USE
[2008-07-09]   Stanbic aids northern farmers
[2008-07-04]   NIC to be fully privatised
[2008-07-03]   Uganda Clays plans second share split
[2008-06-30]   Vision to raise sh28b in rights issue
[2008-06-25]   dfcu commissions recycling plant in Kawempe
[2008-06-23]   dfcu Bank to increase branches to 50
[2008-06-20]   dfcu hold 43rd Annual General Meeting
[2008-06-18]   Baroda Shareholders Make Calls for Fair Taxes
[2008-06-16]   Uganda Clays eyes South Sudan market
[2008-06-12]   Baroda business grows to sh260b
[2008-06-09]   StanChart sets foot in Kikuubo
[2008-06-05]   dfcu Bank, MoneyGram seal deal
[2008-06-04]   Capital markets eye pension reform
[2008-06-03]   BATU makes sh6b profit
[2008-05-30]   Bank of Baroda planning to split shares
[2008-05-20]   Shareholders Give Stanbic Bank Leeway to Borrow
[2008-05-08]   Profits Should Help Banks to Cut Rates
[2008-05-05]   Barclays Uganda's Expansion Comes With 80 Percent Dip in Profit
[2008-04-30]    UCL to Pay Sh500m in Dividend
[2008-04-29]   USE Turnover Hits Sh36b
[2008-04-23]   Equity Bank to Inject Sh75b Into UML
[2008-04-10]   UCL in Stock Boom
[2008-04-04]   Stanchart to Offer Loans for Safaricom IPO
[2008-03-28]   New Vision Shares Price Hits Sh2,000
[2008-03-26]   Low Liquidity Dogs Use
[2008-03-04]   KCB Counter Remains Buoyant
[2008-02-27]    UCL Gives Out Share Allotment Letters
[2008-02-26]   Crane Bank IPO to Pave Way for Local Firms to List
[2008-02-26]   DFCU Closes Week At a Low
[2008-02-25]   Chinese bank completes Stanbic deal
[2008-02-12]   Rid the Exchange of Physical Shares Policy Options
[2008-02-05]   Better gov't policies will boost Uganda's stock market.
[2008-02-01]   Mbire Sells 50 Percent of Nilecom to SA Firm
[2008-01-29]   Barclays, KCB Announce New Top Executives
[2008-01-11]   Donors Scale Up Support for Bond Devt in Emerging Markets
[2008-01-08]   USE Kicks Off On Light Note
[2008-01-04]   Uganda Clays Calls for Meeting
[2008-01-02]   Stanbic Bank Loses Sh50m From Van
[2007-12-28]   Support the Uganda Securities Exchange
[2007-12-24]   Goldstar Pays Claim
[2007-12-24]   Housing Finance to List Sh30b Bond
[2007-12-20]   'Stanbic Effect' Drives Bull Run On Kampala Bourse
[2007-12-17]   Crane Bank Receives Global Award
[2007-12-07]   dfcu holds Extra-Ordinary General Meeting
[2007-12-06]   Post Bank wants SACCOs
[2007-12-04]   Manual Trading Has Affected Gowth of the Stock Market
[2007-12-03]   Inflation Declines
[2007-11-30]   5 Banks Join Mortgage Financing
[2007-11-27]   Bourse to Adopt CDs
[2007-11-23]   IMF Warns On Manual Stock Trading
[2007-11-22]   DFCU Share Price Rises to Sh610
[2007-11-21]   Telecom Prepares for USE Listing
[2007-11-20]   Govt Risks Diluting Its Stake in New Vision Rights Issue
[2007-11-18]   dfcu to host the 6th Annual Global Banking Alliance for Women Summit
[2007-11-13]   Investors Profit Galore
[2007-11-05]   Orient Bank Launches Visa Card
[2007-10-31]   Q3 Securities Trading Declines On Use
[2007-10-30]   Clays Share Price Up
[2007-10-22]   Citi Bank Unveils Online Banking
[2007-10-17]   Uganda Clays Profits Surge
[2007-10-15]   Profitability boosts bourse
[2007-10-11]   Postbank Becomes Western Union Agent
[2007-10-09]   New Vision Share Price Reaches Sh600
[2007-10-05]   Barclays to Invest £2.8m
[2007-10-04]   Visa Africa Market Expands
[2007-10-03]   Nile Breweries to Invest Sh120b
[2007-09-28]   Market prices shoot up in Juba
[2007-09-27]   Stanbic Share At Ush145
[2007-09-18]   Demand for Stanbic Stocks Soars
[2007-09-14]   Clays Gets Shs950m
[2007-09-12]   Uganda Clays in First Rights Issue
[2007-09-11]   700 Companies to Take Part in Uma Trade Fair
[2007-09-11]   700 Companies to Take Part in Uma Trade Fair
[2007-09-10]   dfcu Bank announces change of management effective 1st October.
[2007-09-07]   Centenary Bank to Get Sh25b Head Office
[2007-09-05]   Buy BATU Shares - Advisors
[2007-09-03]   Entering the Markets As an Investment Option
[2007-08-31]   Mbire Increases MTN Shares Up to 5 Percent
[2007-08-29]   Batu Shares Suffer As Investors Exit
[2007-08-28]   Batu Shares Suffer As Investors Exit
[2007-08-27]   Sebaggala Advises Govt On Nakasero Market
[2007-08-24]   Church Joins Kitintale Local Leaders to Clean Markets
[2007-08-22]   Stanbic Bank Shares Are Good Buy - Analysts
[2007-08-21]   NIC Shares for Sale in November
[2007-08-20]   Securities Chief Supports Tax Amnesty
[2007-08-17]   Post Bank Gets Sh2b for Poverty Projects
[2007-08-16]   Privatisation Unit Chief Opagi Resigns
[2007-08-15]   Investor Faith in Use Growing
[2007-08-15]   Investor Faith in Use Growing
[2007-08-12]   dfcu bank best primary dealer in August 2007
[2007-08-10]   Sebaggala Claims Irk Vendors
[2007-08-10]   dfcu teams with Shell, Groffin and Aspire to boost SMEs
[2007-08-06]   Central Bank Saves Shilling From Offshore Speculators
[2007-08-06]   dfcu Ltd has announced a reduction in interest rates for its mortgage and lease financing.
[2007-08-01]   Dyer And Blair to Handle NIC Uganda's Stockmarket Debut
[2007-07-31]   Crane Bank to List On Stock Exchange
[2007-07-29]   UCL financial manager retires
[2007-07-27]   USE Daily Turnover At Shs0.5 BIllion
[2007-07-26]   Securities Turnover Soars to Sh17 Billion
[2007-07-25]   Securities Turnover Soars to Sh17 Billion
[2007-07-24]   UAP Kenya buys into Ugandan insurance firm
[2007-07-19]   Museveni Warns Otafiire Again on Markets
[2007-07-16]   DFCU Bank Launches Small Business Loans
[2007-07-13]   Safaricom to List On Stock Exchange
[2007-07-11]   dfcu enables Small Business Growth
[2007-07-06]   MPs Allow Govt to Get Sh48b Loan
[2007-07-04]   Stock Exchange Shares Shoot Up
[2007-07-02]   New Fuel Tax Will Double Food Prices
[2007-06-29]   Capital Markets Growth Hits Sh200 Billion
[2007-06-27]   Sheraton, Barclays, Deny Govt Directive to Float Shares
[2007-06-26]   Gen. Saleh Rooting for More Savings Cooperative Societies
[2007-06-25]   Barclays, Sheraton, Kakira, UTL Given Deadline to List Shares
[2007-06-24]   New Oil Discovery Worth Sh15,000b
[2007-06-22]   Bank of Baroda to Expand Operations in Kampala
[2007-06-18]   dfcu sponsors first national women entrepreneurs'
[2007-06-13]   Shillings Gains
[2007-06-13]   Barclays, Sheraton, Kakira Sugar Directed to List Shares
[2007-06-12]   Govt to Cut On Donor Budget Support Reliance
[2007-05-31]   Govt to Inject Sh18b in Markets
[2007-05-15]   Pioneer Accelerates Drive Into Uganda
[2007-05-11]   dfcu and Water Aid handover Ush 13M Kiruudu Health Centre project
[2007-05-08]   Shilling Hits Best Form in Many Months
[2007-05-02]   Bourse Offers Hope
[2007-04-27]   USE Records 10-Fold Growth
[2007-04-23]   USE Turnover Hits Shs1 Billion
[2007-04-20]   Standard Chartered's Cutting Says Adieu
[2007-04-17]   Buying And Selling Shares
[2007-04-16]   Government Supports Bank of Uganda's Big Cheques Action
[2007-04-13]   Stanbic Donates 2,000 New Vision Pass PLE Books
[2007-04-06]   Banks Warned Against High Service Charges
[2007-04-05]   KCC Defiant on Shares
[2007-04-04]   OIL AND GAS POLICY IN OFFING
[2007-04-02]   Shilling slips
[2007-04-02]   Inflation drops to 4.5%
[2007-04-02]   dfcu shortlisted for 2007 Financial Times Sustainable Banking Awards
[2007-03-29]   February Trade Deficit Hits $14 Million Mark
[2004-04-27]   Bank of Baroda announce results