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ARTICLES 2008-2015

Shilling takes heavy punching from dollar

By Patrick Kagenda In the middle of last year, the Ugandan Shilling appreciated against the dollar. The importers were all smiles as they required fewer shillings to buy dollars thereby making their businesses flow smoothly. On the punching end were the exporters who would earn less from their exports as …

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Is Uganda heading to a fuel crisis?

By Joan Akello Fuel shortage and high prices have continued to haunt Uganda for weeks running.Apparently, poor delivery infrastructure particularly the unfinished pipeline is making the situation worse. The weakening shilling, transport and insurance premiums due to sea piracy at the Gulf of Aden were cited by Energy Minister Daudi …

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Africa’s richest men in 2009

By The Independent Team Mohammed Al Amoudi (Ethiopia) African Rank No.1 – World Rank No. 43 – Wealth $9 billion Ethiopian born Mohammed Al Amoudi is this year the Richest Man in Africa. Al Amoudi who is based in Saudi Arabia has kept his US $9 billion fortune through these …

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