Tag Archives: Patrick Kagenda

By Patrick Kagenda No official numbers yet but word on the street is that National Insurance Corporation’s Shs 7 billion Initiation Public Offer (IPO) was over-subscribed. “This IPO went very well under the circumstances of a small amount of shares issued. When you have an issue this small worth only …

By Patrick Kagenda When Kenyan Vice president Kalonzo Musyoka visited Kampala last month, the Rift Valley Railways-run Nalukolongo locomotive workshop was part of his itinerary. News has since emerged that the RVR had paid the governments of Kenya and Uganda $2 million and $1 million respectively in the long awaited …

By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …

By Patrick Kagenda The Uganda Road Fund was established by an Act to finance the routine and periodic maintenance of public roads, facilitate delivery of road maintenance services and other related matters. The Independent’s Patrick Kagenda caught up with Engineer Michael M. Odongo, the URF chief executive. What is the …

By Patrick Kagenda But problems have just begun for the university staff as NSSF sues them for Shs 50 billion breach When National Insurance Corporation (NIC) issued its Initial Public Offer (IPO) On Dec 31 the Makerere University Academic Staff Association (MUASA) leader, Tanga Odoi, interrupted the event with a …

By Patrick Kagenda Since the Tanzanian government terminated its contract with a rail concessionaire early this month, pressure has been mounting on Uganda to throw out non-performing Rift Valley Railways. But Uganda`s Minister of State for Works John Byabagambi told The independent that the government is determined to throw it …

By Patrick Kagenda 51- year old Louis Kasekende was recently re-appointed as the Deputy Governor of Uganda’s central bank. The Independent`s Patrick Kagenda talked to him about his vision for the banking sector. Well come back. What new things are you bringing to Bank of Uganda? I have over the …

By Patrick Kagenda Four years after the two East African governments concessioned their 100 year old 900 kilometer railway line to the Sheltam group headed by Roy Puffet, Sheltam has sold part of its shares to the Ambience Ventures Ltd of the Citadel group of Egypt. Sheltam managed to outwit …

By Patrick Kagenda Who would want to put their money in a company whose net worth is not clear? Since the National Insurance Corporation (NIC) issued its long awaited Initial Public Offer (IPO) on December 31, 2009, the event has raised several questions that remain unanswered. Top on the list …

By Patrick Kagenda They had hoped for even deeper cuts Uganda Clays pays an average Shs 99 million per month in user fees to Umeme, the electricity distribution company. That is about Shs 1 billion per year or about a quarter of the profit that the housing clay products company …