Tag Archives: Joseph Were

By Joseph Were “Unfortunately for Besigye, his team missed even the well known view that polls, even bogus ones, create the so-called “herd” mentality of voters swing to the side of the one reported to be winning.” “A voter told The independent: “Besigye forgot that he has to get the …

By Joseph Were and agencies On which side will BoU intervene, if at all? The weakening of currencies in the East African region against the U.S. dollar experienced in the last two weeks is likely to persist, according to analysts. Dollar demand by offshore investors and the corporate sector to …

By Joseph were Long-necked beer bottle named brewer’s 18% growth Questions about why Nile Breweries is battling to retain sole use of the 500 ml long neck bottle on the Ugandan market have finally been answered. The long-necked bottle is one of three factors that Nile’s parent company, SABMIller of …

By Joseph Were It has not been a wonderful world at Zain Uganda according to its official third quarter financial statements. The telecom giant recorded a net loss of US$ 3.6 million (approx. Shs7 billion) over the three months’ period ending September 30 on top of a 27 percent drop …

By Joseph Were Tension over jobs, residence and land The signing of the East African Common Market protocols in Kampala last month could not have come at a better time for the region. The African Development Bank (AfDB) is predicting that East Africa may this year record the continent’s best …

By Joseph Were Uganda, according to a United Nations report launched in Kampala last week, has grown the highest foreign direct investments in the East African region between 2006 and 2008. According to the World Investment Report (WIR) 2009 compiled by the United Nations Conference on Trade and Developed (UNCTD), …

By Joseph Were Reeling from a 5% drop in year-on-year net profit amid increasing costs and stiffer competition, East African Breweries Ltd who are the makers of the Bell beer brand among others in Uganda, is mooting a price hike. ‘The possibility to put up prices exists too in Uganda …

By Joseph Were Stanbic Bank Uganda is learning the hard way that this is not a good time to attempt to raise funds on the equity market thanks to lingering after shocks of the global financial crisis. Its 7-year Shs 30 billion bond that was privately placed among institutions and …

By Joseph Were Uganda is the easiest place on earth to hire and fire workers, has the most flexible wage policies, is favourable to foreign direct investment and ownership of businesses, and has limited restrictions on capital flows. But it also has high favouritism amongst government officials, limited public trust …

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 …