Business

By Independent Team and Agencies No way. Toyota recall unlikely to stop growth of the 19bn Euro empire Toyota, the world’s largest automaker, has recalled more than 8 million vehicles around the world for problems with accelerators. Episodes of unintended acceleration in Toyota vehicles have been linked to up to …

By Independent Team Kenya mulls pulling out The Kenya government is weighing the fate of its plan, jointly with Uganda, to extend the oil pipeline from Eldoret to Kampala. It cites the escalating cost and the uncertainty around the project since Uganda discovered oil and started plans for an inland …

By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …

By Independent Team & Agencies Tanzania is set to remove restrictions on movement of capital across its national borders this month. The move will allow Tanzanian to invest in stock markets in the East African region for the first time. ‘This bears the potential of dramatically increasing demand in the …

By Independent Team The Indian telecom giant, Essar Group which owns Warid Uganda, has prepared a telecom blueprint for Africa under which it would invest US$2 billion According to Standard Business of India, Essar’s goal is to get 20 million customers and more, spanning six to seven countries in the …

By Patrick Kagenda But problems have just begun for the university staff as NSSF sues them for Shs 50 billion breach When National Insurance Corporation (NIC) issued its Initial Public Offer (IPO) On Dec 31 the Makerere University Academic Staff Association (MUASA) leader, Tanga Odoi, interrupted the event with a …

By The Independent Team Davos World Economic Forum 2010 In order to develop a deeper understanding of the nuances of public opinion on the topic of values the World Economic Forum carried out a unique new poll over Facebook. Below are the most salient findings from each question. Question 1: …

By Patrick Kagenda Since the Tanzanian government terminated its contract with a rail concessionaire early this month, pressure has been mounting on Uganda to throw out non-performing Rift Valley Railways. But Uganda`s Minister of State for Works John Byabagambi told The independent that the government is determined to throw it …

By Patrick Kagenda 51- year old Louis Kasekende was recently re-appointed as the Deputy Governor of Uganda’s central bank. The Independent`s Patrick Kagenda talked to him about his vision for the banking sector. Well come back. What new things are you bringing to Bank of Uganda? I have over the …

By Independent Team & Agencies Shs 50bn exports threatened as American senator asks EU to join trade blockade After reviewing legislation being considered by the Ugandan Parliament that would imprison citizens for being Lesbian, Gay, Bi-sexual and Transgender, U.S. Senator Ron Wyden, Chairman of the Senate Finance Committee’s subcommittee on …