Tag Archives: Patrick Kagenda

  By Patrick Kagenda Traders say Central Bank lacks capacity to stop it Following the rapid loss of value of the shilling in the past six months, foreign exchange dealers and traders are questioning the Central Bank’s ability to stop further decline. Asked to comment on Bank of Uganda’s explanation …

By Patrick Kagenda How does your day start? When you are self-employed, or even when you are employed you have to be responsible to the highest level. You have to be committed and determined. By seven o’clock in the morning I am in my office and I am always the …

By Patrick Kagenda Interest payments plunge from 14% to 3 %, inflation hits 15% As the July deadline for the National Social Security Fund (NSSF) to declare the annual interest to its members nears, speculation is mounting that the compulsory saving scheme for all private sector workers could announce a …

By Patrick Kagenda BoU says it has no means of forecasting value of currency A top Bank of Uganda official last week confirmed the continuing depreciation of the shilling. Mary Katalikawe, the director for research at the central bank spoke as the world’s leading financial market analysts predicted that the …

By Patrick Kagenda Crane Bank has launched its Visa credit card. The new card will enable holders to use a small plastic card issued by the bank to pay for goods and services based on a line of credit from the bank as a cash advance. All card holders will …

By Patrick Kagenda A new insurance company offering rare insurance services has entered the Uganda market. Africa Trade Insurance (ATI) is a multilateral political and credit risk insurer that recently opened shop in Uganda. But its major challenge is to sell itself to the local insurance firms as most of …

By Patrick Kagenda A 73% decline in the value of off-shore investments has forced Bank of Uganda to rethink its policies. BoU Deputy Director of Research, Charles A. Abuka, told a workshop organized for forex bureau operators that the bank was reviewing its fiscal policy programs to fit in with …

By Patrick Kagenda How does your day start? My day starts at 5a.m. with indoor exercises. By 6: 30 a.m. I am on the road. When I arrive at office, usually by 7 a.m. depending on traffic jam, I read mail and newspapers before the morning meetings with my senior …

By Patrick Kagenda Bank of Uganda says economy stable but BoP figures tell a different story Uganda’s macro-economic environment remains “broadly stable” amid global economic gloom, according to the March economic and financial indicators from the Central Bank. But close scrutiny of the figures released last week reveals an attempt …

By Patrick Kagenda What is your day like? I wake up at 5 a.m. and pray. I don’t normally have breakfast but I take hot water. I wake up my children for school and 6:30 a.m. is the latest we leave the house. After I have dropped the children to …