By Patrick Kagenda Economic growth drops to 2.4%, 700,000 could die Africa may have been an innocent bystander when the global financial crisis was hatched in the developed nations but they stand to suffer most according to the latest World Bank forecasts. The queen of African economic gloom, Obiageli K. …
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By Patrick Kagenda Crane Bank registered tremendous growth in its asset base on top of growing its lending portfolio. The Independent’s Patrick Kagenda talked to the bank’s managing director A.R.Kalan. Crane Bank made Shs 25.88 billion in profits in 2008 even as the global financial meltdown hit most businesses. Your …
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By Patrick Kagenda Small import/export clearing firms form the backbone of local clearing and forwarding business in most countries. So to survive in the competitive international trading environment “” both against bureaucratic red-tape and well-resourced multi-nationals, they have always naturally found strength in numbers by operating under umbrella bodies. In …
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By Patrick Kagenda Central Bank Governor Tumusime Mutebile called it “the most innovative thinking in development literature in 30 years” but the 2009 World Development Report has sparked strong opposition among Uganda’s economic experts. They disagree on answers to two fundamental questions posed by the report: Whether the growing concentrations …
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By Patrick Kagenda As discussions on the East African Common Market protocol closed in Kampala at the beginning of April, the Uganda Manufactures Association (UMA) leaders were meeting Uganda’s first deputy prime minister and minister for East African Community Affairs Eriya Kategaya. The UMA bosses had one major concern: the …
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By Patrick Kagenda But analysts warn strategy could backfire if inflation spirals Did the Central Bank intervene late last month in the local foreign currency market? According to media reports, unnamed Central Bank officials confirmed it had intervened on March 25 to prop up an already strong dollar against the …
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By Patrick Kagenda Will Kenyan, South African giants leave Ugandan kiosks in the mud? As Kenya’s leading supermarket chain, Nakumatt gets ready to open shop in Kampala, it seems set on competition with Kenyan rival Uchumi and South African stores Game and Shoprite. Retail market watchers, however, say the Nakumatt …
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By Patrick Kagenda Existing supermarkets sell about 30% Ugandan goods while the 60% is imported from Kenya, Dubai and South Africa. Ugandan commodities include mineral water, sugar, Mukwano laundry soap, Mukwano cooking oil, Britannia juices and other juices from Ugandan cottage industries, Biscuits, Sweets, Nuts, Soft Drinks, Coffees, Honey, Milk, …
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By Patrick Kagenda Crown Beverages Ltd, the manufacturers of soft drinks Pepsi, Mirinda, Evervess and Seven Up are re-shaping the packaging of their products. Simon Lugoloobi, the Chief Executive Officer at Crown Beverages Ltd, told The Independent that the company was injecting US$13 million (Shs 26 billion) to import the …
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By Patrick Kagenda Harshad Barot is the owner of the Ovino market, one of the most modern and biggest markets in Uganda, and a chain of other real estate developments, including apartments Kampala, Bugolobi, and Nkumba and Tirupati recreational Park at Jinja, whose construction is ongoing. The Independents Patrick …
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