By Agencies Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC. “When the oil basin is in full production, we are probably talking about 350,000 …Read More »
Indians buying Zain this month?
By Patrick Kagenda Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news. This time newswires report that it is in talks with Bharti Airtel the …Read More »
Be happy at work
By Sue Shellenbarger It is good for you and the business Like many workers, Ivelisse Rivera, a physician at Community Health Center, Middletown, Conn., feels stressed-out by mounting workloads. And she didn’t expect to get much help during her employer’s annual staff meeting last November””just the usual speeches on medical …Read More »
SCD system promises rapid growth of securities market
By Patrick Kagenda The Uganda Securities Exchange last week launched the Securities Central Depository System (SCD) that will pave the way to electronic trading. The software to run the system that will link the USE to the Dar es Salaam Stock Exchange and the Nairobi Stock Exchange was provided by …Read More »
Why is MBEA keeping NIC investors in the dark?
By Patrick Kagenda No official numbers yet but word on the street is that National Insurance Corporation’s Shs 7 billion Initiation Public Offer (IPO) was over-subscribed. “This IPO went very well under the circumstances of a small amount of shares issued. When you have an issue this small worth only …Read More »
Shilling weakening against dollar follows regional trend
By Joseph Were and agencies On which side will BoU intervene, if at all? The weakening of currencies in the East African region against the U.S. dollar experienced in the last two weeks is likely to persist, according to analysts. Dollar demand by offshore investors and the corporate sector to …Read More »
How entry of Egyptians in RVR paid-off for Mbire
By Patrick Kagenda When Kenyan Vice president Kalonzo Musyoka visited Kampala last month, the Rift Valley Railways-run Nalukolongo locomotive workshop was part of his itinerary. News has since emerged that the RVR had paid the governments of Kenya and Uganda $2 million and $1 million respectively in the long awaited …Read More »
End of the road for Corolla?
By Independent Team and Agencies No way. Toyota recall unlikely to stop growth of the 19bn Euro empire Toyota, the world’s largest automaker, has recalled more than 8 million vehicles around the world for problems with accelerators. Episodes of unintended acceleration in Toyota vehicles have been linked to up to …Read More »
Oil pipeline project cost hits Shs 600bn
By Independent Team Kenya mulls pulling out The Kenya government is weighing the fate of its plan, jointly with Uganda, to extend the oil pipeline from Eldoret to Kampala. It cites the escalating cost and the uncertainty around the project since Uganda discovered oil and started plans for an inland …Read More »
Zoellick on his Africa tour
By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …Read More »