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The independent

Housing mortgages miss target market

By Patrick Kagenda When Housing Finance Bank last week signed a Memorandum of Understanding (MOU) with Royal Palm Estates to offer mortgages to its clients to buy houses in Butabika, a Kampala city suburb, the housing sector got a rare buzz. Interested buyers of the houses still have to fork …

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RVR rail failure threatens main export route

By Patrick Kagenda Kenya, Uganda governments stuck with bad concession over legal complications When it was signed in November 2006, the Uganda and Kenya governments’25-year concession to Rift Valley Railways (RVR) to run the operations of the Uganda Railway Corporation and the Kenya Railway Corporation was hailed as the “deal …

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Robbed by the ‘bank’

By Patrick Kagenda & John Njoroge Weak company law fails to protect the poor and gullible from fake saving schemes To Gauda Tushabomwe, it seemed like a brilliant way to invest her money. Tushabomwe, at the time an accountant with Kabale Diocese, was introduced to a microfinance organisation called COWE …

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