Business

By Patrick Kagenda If the value of its currency is falling, fuel prices and inflation going up and an irrational indifference hits its securities exchange; is it realistic to say the economy’s fundamentals are ok? Finance minister Ezra Suruma, Bank of Uganda Governor Tumusiime Mutebile, and Uganda Securities Exchange boss …

By Patrick Kagenda The Independent’s Patrick Kagenda talked to Mr. Kirumira Vincent assistant marketing manager of Crest Foam in charge of promotions on the effects of the global financial crisis on their business. How has the global financial crisis affected your business? We purchase all items using the dollar. The …

By Robert B. Zoellick The New Multilateralism will rely on national leadership and cooperation. September and October are shaping up to be hard months in a precarious year.  A meltdown in financial, credit, and housing markets.  The continuing stress of high food and fuel prices and the dangers for poverty …

By Patrick Kagenda When long-distance truck drivers went on strike in protest against the poor state of the Malaba Border Post parking yard on October 20, the government left the Uganda Revenue Authority to resolve it. It did not work. On October 28, President Yoweri Museveni passed Malaba on his …

By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …

By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …

By Onghwens Kisangala As value addition fad gets new meaning Until now bushera, a non-alcoholic porridge with roots in western Uganda that is brewed from millet, sorghum and water, has been a beverage of the lower market spectrum. It has been served chilled mainly in dinghy village shops and city …

By Agnes Asiimwe Tripartite Summit agrees to a free trade area from South Africa to Egypt Twenty six African countries, a single market and open borders that allow persons to move across freely and conduct business. That was the vision of the Tripartite Summit that took place in Kampala last …

By Patrick Kagenda From October 5 to 9, a conference bringing together over 60 banana growing countries from Africa and the Caribbean was held in Mombasa, Kenya under the theme: Harnessing International Partnerships to Increase Research Impact. Over 450 people attended the conference organised by the International Institute of Tropical …

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 …