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ARTICLES 2008-2015

Africa’s riches can fight poverty

By Obiageli Katryn Ezekwesili Less than a year ago, there was a sense of optimism in many African countries. Growth rates in Sub-Saharan Africa were comparable to Asia, hovering around 6 percent, a result of high commodity prices, a favorable global environment — and also of improved economic management, investment …

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Equity Bank faces suspension at NSE

By Independent Team & Agencies Equity Bank survived being locked out of the Nairobi stock Exchange after two regulators battled over an attempt to suspend its custodial license for two weeks over alleged breach of regulations. Equity’s suspension resulted from the bank failing to pay the Central Depository Settlement Corporation …

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Justice Katutsis record

The Independent Team Justice John Bosco Katutsi, head of the new Anti-corruption Court, on April 8 delivered what the public described as a landmark judgement in the fight against graft when he convicted former director of economic monitoring in Presidents Office, Teddy Seezi Cheeye, for embezzlement and forgery. Cheeye was …

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Crane Bank growing by leaps and bounds

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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Is URA hounding out small clearing agents?

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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