Tag Archives: Patrick Kagenda

By Patrick Kagenda Bank also plans to make all notes the same size and with similar features A senior source in government has told The Independent that Bank of Uganda is introducing a Shs2000 currency note soon. The source said the new note is part of a plan by the …

By Patrick Kagenda Sunil Mittal, the Bharti Airtel’s chairman, who started business as a bicycle spare parts dealer, last week put pen to paper to pay $10.7 billion for Zain’s mobile operations in 15 African countries. The deal gives Bharti Airtel 42 million subscribers in the 15 African countries, which …

By Patrick Kagenda The Shs46 billion (‚¬17 million) Lubaga School of Nursing has been commissioned by the Head of Delegation of the European Union in Uganda, Vicente De` Visscher. The commissioning took place on March 30 after six and a half years of intensive work. The project which started in …

By Patrick Kagenda In the middle of last year, the Ugandan Shilling appreciated against the dollar. The importers were all smiles as they required fewer shillings to buy dollars thereby making their businesses flow smoothly. On the punching end were the exporters who would earn less from their exports as …

By Patrick Kagenda The independent’s Patrick Kagenda talked to the Minister of State for Energy Simon D`ujanga on how far the work on the oil pipeline construction contracted to Tamoil has gone. Why is the price of petrol going up? The prices of the petroleum products on the market are …

By Patrick Kagenda Last year was a year of excellent results at Crane Bank. The bank achieved its highest profit levels since its inception in 1995. “Not only did the bank receive the Banker award of the year for the Sixth time in 7 years and 5 times in a …

By Patrick Kagenda The Independent’s Patrick Kagenda talked to the new UPC president Ambassador Otunnu about the party’s future. Word around is that you are targeting the national presidency and that if you should fail, then you will return to exile. What is your position? I decided after a long …

By Patrick Kagenda Members of the Uganda Clearing and Forwarding Association (UCFA) are fighting a new requirement for all car imports into the country to go through the government’s Inland Car Port in Mombasa. The Ministry of Trade last week announced that all car imports to Uganda must pass through …

By Patrick Kagenda Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news. This time newswires report that it is in talks with Bharti Airtel the …

By Patrick Kagenda The Uganda Securities Exchange last week launched the Securities Central Depository System (SCD) that will pave the way to electronic trading. The software to run the system that will link the USE to the Dar es Salaam Stock Exchange and the Nairobi Stock Exchange was provided by …