Business

Rwanda: Sugar price hike as EAC re-impose tax

This post has already been read 2921 times!

By Staff writer

newsdesk@greatlakesvoice.com

A-shop-attendant-packages-sugar-at-Kigali (Net Photo)

East African Community this month re-imposed tax on sugar to Rwanda resulting to Sugar Prices going up to RWF 1,200 per Kg in some areas of Kigali, Great Lakes Voice reports

In the recent past weeks; a kilogram of sugar costs 1, 000 Rwf with 200 Rwf higher than the normal price which was between 700 and 900 RWF.

Sugar prices have been stable since a similar shooting in prices happened at the end of last year. The prices had risen up to Rwf1, 200 a kilogramme.

Minister of Commerce Francois Kanimba said, the price increase was brought about the re-imposing of taxes on sugar by the East African Community countries this month. Rwanda had requested neighbouring countries to suspend taxes on sugar coming into Rwanda.

Ministry of Commerce and trade in negotiations

However, Kanimba says that his ministry is in talks with Rwanda Revenue Authority (RRA) and the ministry of Economic planning to see what can be done about the prices.

A visit to shops and supermarkets shows an increase in the prices of bread which traders say has been caused by the increase of sugar prices. Sugar is an ingredient in the making of bread.

Rwanda to present Sugar prices to EAC this month

Minister Kanimba has also promised Rwandans to present the issue of Sugar prices during an EAC economic meeting which will take place towards the end of this month.

He also requested traders not to speculate by immediately increasing prices for their sugar stock they bought the re-establishment of taxes.

 

This post has already been read 2921 times!

3 Comments

3 Comments

  1. Pingback: how much is car insurance

  2. Pingback: auto insurance comparison

  3. Pingback: payday loan wire www.openpaydayadvance.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Great Lakes Voice (GLV) is an independent news network that aims to provide Africa's Great Lakes Region with a source of uncensored news.

Great Lakes Voice is owned and registered as The Voice, Ltd. and has an office at Press House (No. 37, KG 17 Avenue, Kigali).

Copyright © 2015 Great Lakes Voice

To Top