Tag Archives: Patrick Kagenda

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

NWSC: Corporation hits 105% collection efficiency as five year strategy gets into top gear Silver Mugisha (PhD), the managing director of the National Water and Sewerage Corporation (NWSC), is a soft-spoken and urbane man who doesn’t like to talk too much about himself.  He would however spend a day talking …

In six months since December 2015, MTN Uganda added one million subscribers, growing from 8.9 million to 9.9 million by June 30. Also, the half year financial results show that in the same period, revenue at Group level increased by 14% to R78, 878 million. But capital investment in Uganda …

Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …

  2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE).  Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety.  Some 21% of NSSF’s total value is in equities, with 73% …

Northern Corridor success: New World Bank report highlights logistics on EAC’s Northern Corridor as an inspiring African success story Finally, the massive investments in projects to remove logistical bottlenecks in the East African Community are starting to pay off great dividends. A new World Bank report dubbed, ‘Trade Logistics in …

New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …

Analysts question feasibility of Shs 650m houses in glutted market yet demand is higher for low end accommodation At the beginning of this month, the National Social Security Fund (NSSF) commissioned a large-scale project worth Shs14.5bn to construct a housing estate at Mbuya involving 40 residential houses. This venture puts …

With only minor regulatory glitches remaining, the deal valued at $400 million, will see Total acquire all the GAPCO operations in Uganda, Kenya and Tanzania. The company’s assets include logistic terminals, 108 fuel stations, and 260,000 kilolitres of storage capacity. Final touches are being made on a deal in which …

Final touches are being made on a deal in which Total will take over all GAPCO operations in the region. The development follows months of intense negotiations between the two for Total Outre Mer SA, the retailing arm of Total, to acquire all the Gulf Africa PetroleumCorporation (Gapco) assets in …