Business

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 …

By Patrick Kagenda On August 18 a Tanzanian cargo vessel MV Azza sunk on Lake Victoria with 200 tones of mineral water, 40 tones of cotton seed cake belonging to Century Bottling Co., the manufacturers of Coca cola. Azza was privately owned but its sinking added to the challenge of …

By Patrick Kagenda On August 18 a Tanzanian cargo vessel MV Azza sunk on Lake Victoria with 200 tones of mineral water, 40 tones of cotton seed cake belonging to Century Bottling Co., the manufacturers of Coca cola. Azza was privately owned but its sinking added to the challenge of …

            By Patrick Kagenda Repair of the government wagon ferry, MV Pamba, is set to start following the lifting of a ban on direct procurement of consultants for the job by the Public Procurement and Disposal of Public Assets Authority (PPDA). The August lifting of …

By Bob Roberts Katende The private sector won some major concessions at the recent Second Round of the EA negotiations but gloom and pessimism over the planned Common Market reigned. Agreement on the planned free movement of goods, services, capital and persons under a planned Common Market remained elusive despite …