14/03/2022
RUUTSA UPDATE | BUSINESS | EAST AFRICA
Hard economic times in East Africa as commodity prices go through the roof
What you need to know:
In Uganda, citizens are hanging on to the hope that a crisis meeting between the Prime Minister Robinah Nabbanja and manufacturers of soap, cooking oil, salt and other household items will lead to a reduction in the prices of essential commodities which have skyrocketed in recent weeks.
In Kenya, manufacturers have issued an alert over the impending decision to increase prices for finished products as the cost of crude oil soars to $130 a barrel, amid escalating war between Russia-Ukraine.
Source: Daily Monitor
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