THE LAST WORD: By Andrew M. Mwenda Why foreign direct investment is overrated and why Africa needs to cultivate local businesses There is a fad in Africa. It is called Foreign Direct Investment (FDI). Across our vast continent, foreign investors are the most treasured visitors. Practically every country is obsessed …
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Rwandan President Paul Kagame and his Ugandan counterpart President Yoweri Museveni on Sept.05 launched the inaugural Global African Investment Summit in Kigali, Rwanda. Dubbed the Global African Investment Summit COMESA & Government of Rwanda (TGAIS-Rwanda), the meeting brought together African leaders, heads of State, senior policymakers and influential business leaders …
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2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE). Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety. Some 21% of NSSF’s total value is in equities, with 73% …
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One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …
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Col. Simon Ocan is the chief executive of Wazalendo, the SACCO for the Uganda People’s Defense Forces (UPDF). He spoke to Flavia Nassaka about their operations and pertinent issues to the cooperative movement in the country. What are the key elements in your management style? In management, there are three …
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Northern Corridor success: New World Bank report highlights logistics on EAC’s Northern Corridor as an inspiring African success story Finally, the massive investments in projects to remove logistical bottlenecks in the East African Community are starting to pay off great dividends. A new World Bank report dubbed, ‘Trade Logistics in …
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New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …
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COMMENT: By Joseph Were Great corporation managers know one great thing; they know the difference between what their organisations do and why the organisations exist. Some people know Steve Jobs only for what Apple, the company he founded, does. That it creates, produces, and sells amazing computer and electronic gadgets. …
Read More »ATC News by Wolfgang H. Thome President Yoweri Museveni, when addressing the first cabinet meeting of his new government, reportedly told them that ‘because our brothers in Ethiopia, Kenya and South Africa let us down‘ the formation of a national airline was now a priority. (Read FULL Museveni speech here) …
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President Yoweri Museveni has challenged his new cabinet to look for investments, end corruption and move to total commercialization of agriculture in order to move the country to middle-income status. He will outline his complete plan for this to be achieved when his new cabinet meets for the first time …
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The Independent Uganda: You get the Truth we Pay the Price