Joseph Were

By Joseph Were It has not been a wonderful world at Zain Uganda according to its official third quarter financial statements. The telecom giant recorded a net loss of US$ 3.6 million (approx. Shs7 billion) over the three months’ period ending September 30 on top of a 27 percent drop …

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 …

By Joseph Were Uganda, according to a United Nations report launched in Kampala last week, has grown the highest foreign direct investments in the East African region between 2006 and 2008. According to the World Investment Report (WIR) 2009 compiled by the United Nations Conference on Trade and Developed (UNCTD), …

By Joseph Were Reeling from a 5% drop in year-on-year net profit amid increasing costs and stiffer competition, East African Breweries Ltd who are the makers of the Bell beer brand among others in Uganda, is mooting a price hike. ‘The possibility to put up prices exists too in Uganda …

By Joseph Were Stanbic Bank Uganda is learning the hard way that this is not a good time to attempt to raise funds on the equity market thanks to lingering after shocks of the global financial crisis. Its 7-year Shs 30 billion bond that was privately placed among institutions and …

By Joseph Were Libyan companies pressure Shell, Total This month, the Kenya Petroleum Refinery Ltd in Mombasa is set to close for routine maintenance. As a result, Uganda could suffer disruptions in supply. The Mombasa refinery shutdown also comes at a time of significant developments in the fuel sector. Top …

By Joseph Were As it enters the last quarter, the Uganda Revenue Authority is set for a new record in net collections despite a general cloud over the economy. Compilation of its third quarter (Q3) figures must still wait for the March figures but projections based on January and February …

By Joseph Were Museveni’s decision that could change how every business in Uganda operates In April 2007, President Yoweri Museveni chaired a meeting at State House Nakasero to discuss the proposed Inland Dry Port at Tororo near the Kenya-Uganda border at Malaba. In attendance was a small carefully selected team …