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The independent

Uganda oil deal could delay

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

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Economic activity in 2010

By The Independent Team ‘A strong position has to be taken on corruption and efficiency of local government in the delivery of services’ According to the International Monetary Fund (IMF) Uganda`s real economic growth is projected at6.0 percent in 2010, higher than that of many other comparable countries. The projection …

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The business of 2009

By Patrick Kagenda & Joshua Masinde The year 2009 began with projections of declining economic growth especially in Sub- Saharan Africa as a result of the global financial meltdown. Growth was projected to decline from 7 percent in 2007 to 6 percent in the financial year 2008/09. The economy has …

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Commodity revival offers hope for Africa

By Agencies Resurgent mineral exports and foreign investor demand look set to support African currencies in 2010, but an array of local factors, ranging from bad weather to anti-gay legislation, could upset that trend. The region’s high-yielding debt and strong economic growth prospects are likely to lure foreigners into frontier …

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