Tag Archives: Julius Businge

By Julius Businge Economic experts have supported the recent decision taken by the government of Uganda to join the COMESA FTA, saying it would increase the volume of Ugandan exports to the COMESA FTA and promote the country’s economic growth. The decision came at a time when Uganda was hosting …

Kampala, Uganda | Julius Businge | The Umeme Initial Public Offering which closed on Nov. 7 has been oversubscribed by 35% by all categories of investors, officials said on Nov.8. They [officials] from Stanbic bank Uganda-the transaction advisor, African Alliance Uganda-the lead sponsoring broker said more than the 622, 378, 000 shares …

Kampala, Uganda | Julius Businge| The International Federation of Air Traffic Controllers Association (IFATCA) has met in Kampala for the last three days [from Nov. 7 to 9] to discuss about safety issues in the aviation industry. IFATCA is an umbrella organisation that brings together professional associations of air traffic controllers …

By Julius Businge The Ugandan shilling fell against foreign currencies notably the dollar on Wednesday, dealers said. Commercial banks quoted the currency of Africa’s largest coffee exporter at 2,587/2,597, weaker than Tuesday’s close of 2,575/2,585. “There is some depreciation of the local currency as a result of better liquidity conditions …

By Julius Businge The Uganda government has promised tangible support to the Indian community eying Uganda as their immediate investment destination, Amelia Kyambadde the Trade and industry minister said. Speaking to the Confederation of Indian Industry and the members of the visiting Indian delegation in Kampala on Oct. 16, the …

By Julius Businge Standard Chartered Bank, Uganda’s second biggest commercial bank by assets and market share, has defended the commercial banking sector’s decision not to aggressively lower lending rates. The bank’s Regional Head of Research, Razia Khan, said in a statement sent to The Independent that although Uganda has witnessed …

By Julius Businge The Kampala City Traders Association is calling for further reductions in interest rates by commercial banks to enable them access cheap credit to run business. In an interview with The Independent Everest Kayondo, the association’s chairman said commercial banks were quick at raising interest rates when the …

By Julius Businge The Uganda shilling weakened in the week against the dollar testing 2510/20 midweek on the back of global risk aversion. Denis Mashanyu, a forex trader at Standard Chartered Bank said the local unit later recovered to settle in the same region it had opened of 2470/80. The recovery …

By Mubatsi Asinja Habati & Julius Businge Prices go up but experts say she is barking the wrong tree On a busier day Bashir Mutebi, a timber dealer, would be negotiating deals to sell timber to Sudanese and Kenyan traders, and retailing to dealers in Kampala. Usually, he would sell …

By Julius Businge The Assistant Commissioner for petroleum exploration and production in the ministry of Energy Robert Kasande says the refinery to process Uganda’s crude oil will be ready in three years after government completing a feasibility study regarding its size, products and costs of the facility. The official made …