Monday, 14 May 2012 09:54
By Julius Businge
 As rising food and oil prices drive inflation up, BOU expert cries for oil
Bank of Uganda expects no good inflation news anytime soon. Its experts are worried that in the months ahead food prices will continue to go up and global oil prices will re [ … ]
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Monday, 14 May 2012 09:50
By Peter Nyanzi
 It’s probably another demonstration of how the taxpayer loses money due to sheer negligence, lack of supervision and corruption. But Parliament does not appear willing to let it pass just like that. The Information and Communication Technology (ICT) Committee of Parliament wants the subcontractors w [ … ]
Sunday, 13 May 2012 09:42
By Julius Businge
The Uganda shilling came under pressure from the dollar dropping 1.2% percent last week touching 2495 from 2455/65 a week earlier.
Dennis Mashanyu, forex trader at Standard Chartered Bank said the sharp move resulted from significant corporate demand plus renewed concerns in the euro zone leading to massive sell off in the emerging markets as investors sought safe haven in less risky assets.
Saturday, 05 May 2012 10:23
By Julius Businge
 Rising competition worries older players but experts say there is room for more banks
With the recent addition of two new banks, Uganda currently has 25 commercial banks. Does Uganda really need all those banks? Can the market sustain them? Will Ugandans benefit from such a large number of banks? S [ … ]
Saturday, 05 May 2012 10:09
By Tracy Gwambe & Julius Businge
 A growing middle class prefers supermarkets but the future of small shops for the poor is at stake
Godfrey Kirabo, 45, does all his shopping exclusively at Shoprite.
“It is convenient for me to just enter the supermarket look at the price of what I want, pick them, pay to a cashier and then walk [ … ]
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Saturday, 05 May 2012 10:05
By Peter Nyanzi
The United Nations has designated the European Union to be the lead agency for an ambitious new initiative that see all Ugandans get access to affordable electricity by 2030. Top UN and EU officials along with private sector executives, last week signed a memorandum of understanding with the Minister of Energy and Mineral Development Irene Muloni to launch the effort dubbed, Sustainable Energy for All (SE4ALL) in Uganda.
Friday, 04 May 2012 14:37
By Julius Businge
The Uganda shilling appreciated against the dollar closing at 2455/65 from 2500/10 with little volumes going through, says Denis Mashanyu, forex trader at Standard Chartered Bank in a statement released on May 4.
Sunday, 29 April 2012 11:51
By Peter Nyanzi
 Minister’s powers excessive, cited as a key weakness for standards body
The Parliamentary Committee on Trade and Industry wants Ms Amelia Kyambadde, the Trade, Industry and Cooperatives minister, to explain the ongoing wrangling in the Uganda National Bureau of Standards (UNBS), which is said to be [ … ]
Sunday, 29 April 2012 11:47
By Julius Businge
 But complaints about poor quality services and exploitation persist
In an economically turbulent period due to inflationary pressures and high cost of doing business, telecom companies are being forced to be innovative in a bid to diversify their revenue streams and remain in business.
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