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When the financial crisis hits

By Mubatsi Asinja Habati Has Africa been spared the brunt of the global financial crisis, as many believe? Not if experts from the World Bank are to be believed. Addressing African leaders at the 12th African Union summit in Addis Ababa last week, the bank’s president, Robert Zoellick, said: “We …

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AU exchange rejected

By Independent Reporter AU experts reject Pan-African stock exchange, South Africa goes it alone When the African Union surveyed its members on the viability of a Pan-African stock exchange, it got a wake up call. It sent out 139 questionnaires to 53 state members but only 29 returned them. The …

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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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