Business

By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …

By Patrick Kagenda A new insurance company offering rare insurance services has entered the Uganda market. Africa Trade Insurance (ATI) is a multilateral political and credit risk insurer that recently opened shop in Uganda. But its major challenge is to sell itself to the local insurance firms as most of …

By Patrick Kagenda A 73% decline in the value of off-shore investments has forced Bank of Uganda to rethink its policies. BoU Deputy Director of Research, Charles A. Abuka, told a workshop organized for forex bureau operators that the bank was reviewing its fiscal policy programs to fit in with …

By Melina Platas Survey lists top Uganda economic problems Most Ugandans think the economy is doing badly and getting worse, according to the findings of a latest survey on various sectors of the country. The Afrobarometer, an independent, non-partisan research instrument that surveys 20 African countries, recently released their fourth …

By Patrick Kagenda How does your day start? My day starts at 5a.m. with indoor exercises. By 6: 30 a.m. I am on the road. When I arrive at office, usually by 7 a.m. depending on traffic jam, I read mail and newspapers before the morning meetings with my senior …

By Patrick Kagenda Bank of Uganda says economy stable but BoP figures tell a different story Uganda’s macro-economic environment remains “broadly stable” amid global economic gloom, according to the March economic and financial indicators from the Central Bank. But close scrutiny of the figures released last week reveals an attempt …

By Patrick Kagenda What is your day like? I wake up at 5 a.m. and pray. I don’t normally have breakfast but I take hot water. I wake up my children for school and 6:30 a.m. is the latest we leave the house. After I have dropped the children to …

By Patrick Kagenda Economic growth drops to 2.4%, 700,000 could die Africa may have been an innocent bystander when the global financial crisis was hatched in the developed nations but they stand to suffer most according to the latest World Bank forecasts. The queen of African economic gloom, Obiageli K. …

By Independent Team On April 15, transport ministers of the East African Community countries were locked in a meeting in the Tanzania city, Arusha where the body is headquartered. The topic of their meeting was: Railways Master Plan; the EAC Transport Strategy and Road Sector Development Programme. In attendance was …

By Obiageli Katryn Ezekwesili Less than a year ago, there was a sense of optimism in many African countries. Growth rates in Sub-Saharan Africa were comparable to Asia, hovering around 6 percent, a result of high commodity prices, a favorable global environment — and also of improved economic management, investment …