Museveni blames investment authority for soaring sugar prices

By Abubaker Kirunda

President Yoweri Museveni has blamed the high price for sugar in the county on the laziness of Uganda Investment authority officials.

Museveni said Uganda investment authority is supposed to sit down to calculate the costs involved in sugar production to protect cheating of any party involved but the officials  do not care about it.

He said the price of sugar in the country is not supposed to be above the world price which investment authority monitors but no concern has been taken by those in charge resulting into cheating of people by factories producing sugar in the county.

Museveni who was speaking from Busoga region where majority of factories producing sugar are found said he will convene a meeting to discuss the issue of sugar factories competing for sugar canes resulting into less sugar produced to get a solution.

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