Business

By Joan Akello Dollar appreciation to blame Fuel pump prices again edged up slightly last week at most stations in Kampala sparking fears of price volatility. The price of petrol rose by Shs 80 per litre over last week from Shs 2,520 to 2,600 at most stations. The petrol price …

By Maya Prabhu Uganda is one of the world’s top banana-growing countries, producing as many as 10 million tonnes of the fruit each year, but the banana market is under-exploited. Its potential to act as a bastion of food-security and create lucrative openings for ambitious entrepreneurs requires innovation in the …

By Patrick Kagenda Members of the Uganda Clearing and Forwarding Association (UCFA) are fighting a new requirement for all car imports into the country to go through the government’s Inland Car Port in Mombasa. The Ministry of Trade last week announced that all car imports to Uganda must pass through …

By Agencies It may happen but it’s not something we’re terribly focused on-BP boss Tullow Oil’s shares have jumped 3% last week on the back of rumors that BP was planning on submitting a bid for the Irish independent. According to rumors, BP is planning to offer Tullow £15 per …

By Agencies Ghana’s total revenue from the oil and gas find will represent less than five per cent of the country’s Gross Domestic Product (GDP), according to the Energy Minister, Dr Joe Oteng-Adjei. With the country’s current GDP at well over $18 billion, Dr Oteng-Adjei said the total revenue to …

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 …

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 …

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 …

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 …

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 …