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The independent

MBEA runs out of options

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 …

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Slippery oil agreements

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 …

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Big budget trouble

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 …

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Tomorrow’s money today

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 …

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Some hope for Somaliland

By Independent Team & Agencies Opposition win pressures world to recognise enclave of peace In the run-up to the June 26 election in Somaliland, a candidate for the position of vice president, Mohamedrashid Sheikh Hassan, told IRIN that peaceful and well-conducted polls will lead to international recognition of Somaliland. On …

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Uganda unprepared for Common Market

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 …

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