Business

By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …

By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …

By Onghwens Kisangala As value addition fad gets new meaning Until now bushera, a non-alcoholic porridge with roots in western Uganda that is brewed from millet, sorghum and water, has been a beverage of the lower market spectrum. It has been served chilled mainly in dinghy village shops and city …

By Agnes Asiimwe Tripartite Summit agrees to a free trade area from South Africa to Egypt Twenty six African countries, a single market and open borders that allow persons to move across freely and conduct business. That was the vision of the Tripartite Summit that took place in Kampala last …

By Patrick Kagenda From October 5 to 9, a conference bringing together over 60 banana growing countries from Africa and the Caribbean was held in Mombasa, Kenya under the theme: Harnessing International Partnerships to Increase Research Impact. Over 450 people attended the conference organised by the International Institute of Tropical …

By Patrick Kagenda As world central banks of the rich economies bail out their ailing financial institutions, experts predict that poor economies like Africa could take the bigger punch. Seeking to forge a common understanding and response for Africa, the Standard Bank Group organised a conference on the global financial …

By Patrick Kagenda & Agencies American companies remain bullish As the American economy struggles to recover from the credit crunch and European economies jostle with rescuing their financial institutions, subsidiary of American companies operating in Uganda are maintaining an upbeat facade, claiming they are not affected by the American economic …

By The Independent Team The following is an edited and expanded version of an interview with George Soros, Chairman, Soros Fund Management, by Judy Woodruff on Bloomberg TV. Judy Woodruff: You write in your new book, The New Paradigm for Financial Markets, that we are in the midst of a …

By Patrick Kagenda Kenya Commercial Bank Executive Director Mr Nok Bwondit speaks to The Independent’s Patrick Kagenda about how it intends to use its 110-year experience in the region’s banking sector to out-compete local players and other new entrants from West Africa and the Middle Eastern countries. Why did it …

By Patrick Kagenda The German government continues to fund Uganda Railways Corporation operations despite the rail operations being conceded to Rift Valley Railways (RVR). German Development Bank (Kfw) spokesman, Mr Wolfram Schweickhardt told The Independent from Frankfurt that in the framework of the Uganda German Development Cooperation, the Federal Republic …