Business

By Patrick Kagenda Capital market rues over Uganda’s oldest brokerage firm In January this year the Merchant Bank of East Africa(MBEA), Uganda’s oldest stockbrokerage firm, was handling the issuing of the National Insurance Corporation Initial Public Offering. Their office on Plot 44 Lumumba Avenue in the plush Nakasero neighborhood was …

By Jocelyn Edwards Experts could demand renegotiation of Uganda’s PSAs In response to the June 29 tabling of the Petroleum Production Sharing Agreements (PSAs) by Energy Minister Hilary Onek, Rubanda West MP Banyenzaki says parliamentarians will seek expert analysis in order to determine whether or not they are fair to …

By Patrick Kagenda Interview with Caleb Owino Managing Director at Fireworks Advertising What challenges do you face as a manager? The challenges are myriad and part of the fun that comes with the dynamic industry that advertising is. My greatest challenge is to get and keep the right talent. The …

By Patrick Kagenda UWA’s Shs 9bn `Friend a gorilla’ stalls over Shs 45m In Sept 2009 the Uganda Wildlife Authority (UWA) launched a campaign dubbed “Friend a Gorilla” to raise Shs 9 billion to fund park activities to preserve the endangered mammals. Close to one year down the road during …

By Maya Prabhu Hot deals lure mobile money subscribers into cash-less class Mobile money first became available in Uganda a little over a year ago, and represents potential solution to the poor access to financial services that is a problem in many developing countries. In neighbouring Kenya, Safaricom has already …

By Patrick Kagenda If First deputy Prime minister and Minister for East African Community (EAC) Affairs Eriya Kategaya sought to reassure the business community about the Common Market, his June 24 message showed a serious lack of preparedness. The East African Common Market Protocol which came into force on July …

By Jocelyn Edwards Confronted by MPs at a petroleum governance workshop two weeks ago, Energy Minister Hillary Onek promised to table the Production Sharing Agreements (PSAs) with oil companies the very next Tuesday.When he did not appear in parliament that day, June 22nd, no one was surprised however. Government has …

By Isaac Mufumba The opposition is putting final touches to what it says is an alternative to Finance Minister, Syda Bbumba’s 2010/11 budget. Shadow Minister for Finance, Oduman Okello told The Independent that the government has been borrowing at an alarming rate, has failed to implement much needed tax reforms, …

By Patrick Kagenda Interview with Lamin Manjang, Chief Executive and Managing Director of Standard Chartered Bank (U). When do you start your day? I normally start my day by 5:30am in the morning when I do my early morning prayers as a Muslim. I watch a bit of business news …

By James P. Andrew As executives breathe out after surviving the Great Recession, they find they’re gazing on a New Reality. The meltdown accelerated many trends that had been merely budding pre-crisis. There has been no time for slow and steady adaptation to the pressures and challenges of a new …