By Mubatsi Asinja Habati & Joshua Masinde Next stop Rukiga; NRM already has an `independent When former Mbale Municipality MP Wilfred Kajeke resigned on December 20 last year, his Forum for Democratic Change (FDC) party members feared they would again lose the seat they had just snatched from the NRM …
Read More »SCD system promises rapid growth of securities market
By Patrick Kagenda The Uganda Securities Exchange last week launched the Securities Central Depository System (SCD) that will pave the way to electronic trading. The software to run the system that will link the USE to the Dar es Salaam Stock Exchange and the Nairobi Stock Exchange was provided by …
Read More »Why is MBEA keeping NIC investors in the dark?
By Patrick Kagenda No official numbers yet but word on the street is that National Insurance Corporation’s Shs 7 billion Initiation Public Offer (IPO) was over-subscribed. “This IPO went very well under the circumstances of a small amount of shares issued. When you have an issue this small worth only …
Read More »Private clinics have worst anti-malaria drugs
By Mubatsi Asinja Habati But should National Drug Authority be celebrating that? A new report has found that 26 per cent of anti-malaria drugs in use in Uganda are substandard. That should be very bad news for a country where on average 12 people, mostly children, die of malaria every …
Read More »Time for young hens to crow?
By Rukiya Makuma The womens movement in Uganda yearns for renewal Dr. Sarah Ntiro, Rhoda Kalema, Specioza Wandera Kazibwe, Miria Matembe and others They had there time, held the stage and gathered lots of support from the women in the country; but now some might say – the time has …
Read More »Besigye, Otunnu face tough times without FM radio
By Mubatsi Asinja Habati & Joshua Masinde Is it cynical to say opposition leaders should use adverts in the media, emails, sms, and fliers? While in Pader recently, Forum for Democratic Change (FDC) President Kizza Besigye was scheduled to be hosted on the local radio station, Luo FM radio. He …
Read More »Shilling weakening against dollar follows regional trend
By Joseph Were and agencies On which side will BoU intervene, if at all? The weakening of currencies in the East African region against the U.S. dollar experienced in the last two weeks is likely to persist, according to analysts. Dollar demand by offshore investors and the corporate sector to …
Read More »How entry of Egyptians in RVR paid-off for Mbire
By Patrick Kagenda When Kenyan Vice president Kalonzo Musyoka visited Kampala last month, the Rift Valley Railways-run Nalukolongo locomotive workshop was part of his itinerary. News has since emerged that the RVR had paid the governments of Kenya and Uganda $2 million and $1 million respectively in the long awaited …
Read More »America hopes 2011 elections will be better than before
By John Njoroge The Independents John Njoroge attended a press briefing by the new U.S. Ambassador Jerry P. Lanier. Excerpts. What is your opinion about Uganda’s preparedness for the 2011 general elections? We are anxious that the preparations move forward. We know that there are some questions about a number …
Read More »Court’s decision on secret oil PSAs may be unconstitutional
By Jocelyn Edwards Despite a setback last week, activists and journalists in the campaign for the release of Uganda’s oil Production Sharing Agreements (PSAs) vowed to continue fighting, striking against the walls of government secrecy until they fall. Two Daily Monitor journalists will appeal the decision of a Nakawa court …
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