Business

By Independent Reporter The long awaited Credit Reference Bureau (CRB) and Financial Card System were on December 3 officially launched by Uganda’s Central Bank Governor Tumusime Mutebile and the Germany Ambassador to Uganda, Buchholz Reinhard. The new financial card will carry borrowers biodata and once swiped though a card reader …

By The Independent Team Despite Tanzania’s resistance to cross-border investment, a position that contradicts the East African Community Customs Management Act, plans are going ahead to integrate the three major bourses within the region, namely the Dar es Salaam stock exchange, the Nairobi stock exchange and the Uganda securities exchange, …

By Patrick Kagenda On November 28 the National Planning Authority organized a one day National public dialogue on the impact of the global financial crisis on Uganda. Dr. Abebe Aemro Selassie the IMF senior resident representative to Uganda was the presenter and Dr Emmanuel Tumusime Mutebile Uganda’s Central Bank governor …

By Our Reporters Uganda scores major successes On November 10, Uganda’s Trade minister Janat Mukwaya, Kenya’s Najib Balala, Shamsa Mangunga of Tanzania, and Monique Nsanzabaganwa, the Rwanda chairperson addressed a press conference on the fringes of the 2008 World Travel Market (WTM), to announce their decision to make the EAC …

By Patrick Kagenda Building of an inland dry port for Uganda, already bogged down by court battles over the tendering process and location, now faces challenges over allegations that it could create an inefficient monopoly and favour Kenya. M/s Tumusime, Kabege & Co. Advocates acting on behalf of Uganda Inland …

By Patrick Kagenda It is good news for holiday makers and businessmen. A Tanzanian owned passenger vessel is plying the Port Bell ” Mwanza route weekly. Uganda last had a passenger vessel to Mwanza three years ago. That is because Ugandan owned ships MV Pamba and MV Kaawa have been …

By The Independent Reporter FRANCE French President Nicolas Sarkozy, holder of the European Union’s rotating presidency, and British Prime Minister Gordon Brown are pushing for reforms to the world’s financial architecture and leading on European measures to stabilize banks and restore confidence to markets. But France’s foreign minister, Bernard Kouchner, …

By Patrick Kagenda At the dot of its tenth anniversary, Uganda Securities Exchange listed its tenth company. KCB was cross listed at 11:00a.m on Nov 11 amid excitement from stock brokers and equity managers. “The cross listing means Ugandans can now have access to the KCB counter and it adds …

By Patrick Kagenda Economic decisions driven by right motives can flounder if implemented at the wrong time. That is what some pundits fear could befall Uganda’s first Credit Reference Bureau (CRB) that comes into operation on December 3 with the hope of lowering lending costs and risk and pushing interest …

By Patrick Kagenda Lack of access roads, water and sewerage and electricity networks lead to a doubling of the cost of building and owning of a home or real estate development as it’s popularly known in Uganda. Housing experts say if government could put in place infrastructure, turn key houses …