By Patrick Kagenda Works and Transport minister John Nasasira’s decision to suspend weighbridges across the country might finally put Uganda in harmony with its regional neighbours. Nasasira allegedly suspended the operation of weighbridges after it was discovered that the weigh bridge attendants were extorting money from truck owners, operators …
Read More »MTN’s Shs 200bn loan sparks comparison with bond offer
By Patrick Kagenda MTN has set a precident in acquiring quick money from Uganda’s financial market. It is the first to raise money through a syndicated loan in the country’s history. Will other corporations also follow? Bank of Uganda Governor Tumusime Mutebile says MTN’s Shs 200 billion syndicated bank loan …
Read More »120 million-strong EAC Common Market agreed
By Joseph Were Tension over jobs, residence and land The signing of the East African Common Market protocols in Kampala last month could not have come at a better time for the region. The African Development Bank (AfDB) is predicting that East Africa may this year record the continent’s best …
Read More »Oil will enrich or ruin Uganda; and this is how
By The Independent Team On October 16th 2009, University of Oxford’s Prof. Paul Collier gave a talk at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda. Below we produce a slightly edited version of his speech. Prof. Paul CollierA country’s competitiveness rest on two …
Read More »Tullow sells Uganda oil, expecting Shs 3 trillion
By Independent Team Amount is about half of Uganda’s national budget Tullow Oil Plc, the U.K. explorer with the most licences in Africa has appointed Standard Chartered Plc to sell up to half its stakes in two Ugandan oil fields, the Sunday Times of London has reported. Aidan Heavey, the …
Read More »‘Common Market was not rushed’
By Patrick Kagenda The East African Common Market is scheduled to come into effect January 10, 2010. The Independent’s Patrick Kagenda talked to Abubaker Muhammad K. Moki, the assistant commissioner economic affairs at the Uganda ministry of East African Community Affairs. Last month there were a series of documents signed …
Read More »Why Kenya rules EA Superbrands
By Independent Team Its not what you look at; its what you look for It is a telecom company. Customers choose it automatically over competing brands. It is on every phone service customers purchase list. It is well, Zain. Zain, just a year after launching itself in Africa after taking …
Read More »Uganda’s oil refinery sparks rush among world producers
By Independent Reporter President Yoweri Museveni’s Independence Day announcement that Uganda is to build a mini-refinery for its recent but substantial oil finds has sparked a rush among oil producing companies. Discussions on accelerating the management and institutional capacities of new oil discoveries and gas-producing economies were high on the …
Read More »Report shows how govt lost Shs 452 billion in Umeme deal
Report shows how govt lost Shs 452 billion in Umeme deal – Who is to blame? By Andrew M. Mwenda | When General Salim Saleh presented the report of his investigations into the high cost of electricity in Uganda to Energy Minister Hillary Onek on October 5, the focus was …
Read More »Uniform cross-network call rates
By Patrick Kagenda Will they lower the cost of phone calls? Starting November 1, Ugandans are to be charged uniform cross-network connection or call termination fees by all telephone networks, according to the Uganda Communications Commission. It is, however, unclear whether the stated objectives of the uniform tariff will be …
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