Business

By Independent Team Economic growth in sub-Saharan Africa is expected to moderate in the face of the financial turmoil, especially as terms of trade gains from the surge of commodity prices moderate. Overall, growth is projected to decline from 7% in “07 to 6% in 2008-09. South Africa, the region’s …

By Patrick Kagenda. One year since fuel scarcity hit, Uganda is still grappling with the shortage without a solution by the government. It started on Dec 30, 2007 with post-election violence in Kenya that saw the economies of its landlocked neighbours that depend on the northern corridor for imports, including …

By The Independent Reporter Commodity prices expected to tumble in 2009 The global financial crisis that started to show its effects in the middle of 2007 exploded in 2008. Around the world, stock share prices tumbled, financial institutions previously considered impregnable collapsed or were bought out, and governments even in …

By the Independent Reporter In spite of a booming real estate sector in Uganda, the country is suffering from a growing housing deficit of over 1.6 million units. In spite of the sector growing at 30% annually, the deficit keeps growing by 10,000 homes. But with over 200 companies involved …

By The Independent Reporter Mr. Roy Puffet, was replaced as RVR`s CEO by Mr. Kevin White, an Australian under a new deal that a Kenyan-led management team claimed would turn around the ailing concession. Under the deal announced on August 7, RVR entered a Technical Service Agreement (TSA) with PDL …

By Patrick Kagenda How do East African CEO’s rate Ugandan companies? Not with much respect, according to results of a survey of about 300 CEOs from Uganda, Tanzania, Kenya, and Rwanda. In fact the only name with a presence in Uganda that has maximum respect among regional CEO’s is the …

By Independent Reporter The long awaited Credit Reference Bureau (CRB) and Financial Card System were on December 3 officially launched by Uganda’s Central Bank Governor Tumusime Mutebile and the Germany Ambassador to Uganda, Buchholz Reinhard. The new financial card will carry borrowers biodata and once swiped though a card reader …

By The Independent Team Despite Tanzania’s resistance to cross-border investment, a position that contradicts the East African Community Customs Management Act, plans are going ahead to integrate the three major bourses within the region, namely the Dar es Salaam stock exchange, the Nairobi stock exchange and the Uganda securities exchange, …

By Patrick Kagenda On November 28 the National Planning Authority organized a one day National public dialogue on the impact of the global financial crisis on Uganda. Dr. Abebe Aemro Selassie the IMF senior resident representative to Uganda was the presenter and Dr Emmanuel Tumusime Mutebile Uganda’s Central Bank governor …

By Our Reporters Uganda scores major successes On November 10, Uganda’s Trade minister Janat Mukwaya, Kenya’s Najib Balala, Shamsa Mangunga of Tanzania, and Monique Nsanzabaganwa, the Rwanda chairperson addressed a press conference on the fringes of the 2008 World Travel Market (WTM), to announce their decision to make the EAC …