Business

By Patrick Kagenda & Agencies A report revealing the economic and social contribution made by Nile Breweries limited (a subsidiary to SABMiller plc) to Uganda was last week released at the Africa World Economic Forum. Nile Breweries supports over 44,000 jobs in Uganda directly or indirectly, according to a report …

By Independent team Kenya Budget read by Uhuru Muigai Kenyatta, deputy prime minister and minister for Finance of Kenya. Theme: overcoming today’s challenges for a better Kenya tomorrow Economy expected to grow by 3% in 2009/2010. Total revenue target for fiscal year 2009/10 is Kshs.569.6 billion (or 22.4% of GDP) …

By Patrick Kagenda What is your day like? I am a religious man, I wake up at 5 am in the morning, have a short prayer; go to the gym, and by 6:30 am, tea is ready on my breakfast table. I personally arrange for my kids to take them …

By Magnus Mazimpaka On May 10, former British Prime Minister Tony Blair and his team had a luncheon with President Paul Kagame at state house in Kigali. Later, at a joint press briefing on Blair’s third visit to Rwanda, President Kagame told journalists that he was happy to have ”ur …

By Magnus Mazimpaka Rwanda increased its spending by 24%, the raise mainly acting as a stimulus package to protect the economy against the current global financial crisis. Expenditure increased to Frw838 billion this financial year 2009/10 from Frw674 billion last year. There was a slight increase of Frw26 billion from …

By Patrick Kagenda As Zain (U) last week launched its Zap Mobile Commerce, a mobile phone based money transfer servicein Uganda in partnership with Standard Chartered Bank, in neighbouring Kenya Safaricom was launchinga similar service, Hello Money in partnership with Barclays Bank (K) Ltd. In Uganda, Standard Chartered Bank becomes …

By Joseph Were Libyan companies pressure Shell, Total This month, the Kenya Petroleum Refinery Ltd in Mombasa is set to close for routine maintenance. As a result, Uganda could suffer disruptions in supply. The Mombasa refinery shutdown also comes at a time of significant developments in the fuel sector. Top …

By Patrick Kagenda The along awaited oil pipeline could be complete by the end of the year if everything goes according to plan. The Independents Patrick Kagenda talked to the State minister for Energy, Simon D`ujanga on the progress made. There are many types of Tamoil i.e. Tamoil Libya, Tamoil …

By Agencies It appears that Heritage Oil Ltd. is the subject of a takeover once again. According to a recent release issued by the company it is in preliminary discussions with a third party regarding a possible merger which would be treated as a reverse takeover under the Listing Rules …

By Patrick Kagenda Finance Minister Syda Bumba will read her maiden budget speech to the nation on June 11, 2009. With an economy hit hard by the global financial meltdown, a depreciating shilling, low exports, spiraling unemployment and biting poverty, the minister will need to pull off a delicate balance …