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Fight poverty; urbanise, integrate markets

By Independent Reporter World Bank Development Report 2009 diverts from tradition on how the poor can create and grow wealth Released on November 7, 2008, in Washington DC, the World Development Report 2009: Reshaping Economic Geography comes at a time of severe economic crisis, which history shows can cause nations …

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“Financial crisis hurting us”

By Patrick Kagenda The Independent’s Patrick Kagenda talked to Mr. Kirumira Vincent assistant marketing manager of Crest Foam in charge of promotions on the effects of the global financial crisis on their business. How has the global financial crisis affected your business? We purchase all items using the dollar. The …

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`Modernising the markets’

By Robert B. Zoellick The New Multilateralism will rely on national leadership and cooperation. September and October are shaping up to be hard months in a precarious year.  A meltdown in financial, credit, and housing markets.  The continuing stress of high food and fuel prices and the dangers for poverty …

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October shortage exposes empty talk

By Patrick Kagenda When long-distance truck drivers went on strike in protest against the poor state of the Malaba Border Post parking yard on October 20, the government left the Uganda Revenue Authority to resolve it. It did not work. On October 28, President Yoweri Museveni passed Malaba on his …

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Skyrocketing dollar versus shilling

By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …

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Car loans come close

By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …

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Bushera gets a kick up-market

By Onghwens Kisangala As value addition fad gets new meaning Until now bushera, a non-alcoholic porridge with roots in western Uganda that is brewed from millet, sorghum and water, has been a beverage of the lower market spectrum. It has been served chilled mainly in dinghy village shops and city …

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Together we are stronger

By Agnes Asiimwe Tripartite Summit agrees to a free trade area from South Africa to Egypt Twenty six African countries, a single market and open borders that allow persons to move across freely and conduct business. That was the vision of the Tripartite Summit that took place in Kampala last …

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