Local manufacturers are arguing that the slight recovery of the shilling against the dollar as well as decline in inflation rate, has not yet translated into actual reduction on cost of doing business.
The Uganda Manufacturers Association UMA, says that the Buy Uganda Build Uganda (BUBU) policy, is yet to be fully complied with, a critical concern that continues to undermine their competitiveness.
Lawrence Oketcho, UMA’s Director for Policy, maintains that the they are now intensifying their engagement directly with various relevant stakeholders inclusive gov’t agencies, with the hope of securing adequate ground to enhance their productivity and sales.
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