Business

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 …

By Jocelyn Edwards When rangers discovered the remains of the only male reedbuck in Kabwoya Park in the sack of a Tullow Oil contractor, they found what are perhaps the first signs of the impact that oil exploration will have in one of Uganda’s protected regions. Authorities got concerned when …

By Independent Team New research reveals changing phone use habits Call within your network or have several SIM cards and change accordingly. If you must communicate across networks then use SMS. That is the formula most Ugandans a choosing, according to the latest research into their phone habits. Conducted by …

By Patrick Kagenda Four years after the two East African governments concessioned their 100 year old 900 kilometer railway line to the Sheltam group headed by Roy Puffet, Sheltam has sold part of its shares to the Ambience Ventures Ltd of the Citadel group of Egypt. Sheltam managed to outwit …

By Patrick Kagenda Who would want to put their money in a company whose net worth is not clear? Since the National Insurance Corporation (NIC) issued its long awaited Initial Public Offer (IPO) on December 31, 2009, the event has raised several questions that remain unanswered. Top on the list …

By Patrick Kagenda They had hoped for even deeper cuts Uganda Clays pays an average Shs 99 million per month in user fees to Umeme, the electricity distribution company. That is about Shs 1 billion per year or about a quarter of the profit that the housing clay products company …

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 …

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 …