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The independent

BoU allows free fall of shilling

By Patrick Kagenda But analysts warn strategy could backfire if inflation spirals Did the Central Bank intervene late last month in the local foreign currency market? According to media reports, unnamed Central Bank officials confirmed it had intervened on March 25 to prop up an already strong dollar against the …

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Nakumatt set for supermarket wars

By Patrick Kagenda Will Kenyan, South African giants leave Ugandan kiosks in the mud? As Kenya’s leading supermarket chain, Nakumatt gets ready to open shop in Kampala, it seems set on competition with Kenyan rival Uchumi and South African stores Game and Shoprite. Retail market watchers, however, say the Nakumatt …

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Why won’t Nakumatt sell Ugandan goods?

By Patrick Kagenda Existing supermarkets sell about 30% Ugandan goods while the 60% is imported from Kenya, Dubai and South Africa. Ugandan commodities include mineral water, sugar, Mukwano laundry soap, Mukwano cooking oil, Britannia juices and other juices from Ugandan cottage industries, Biscuits, Sweets, Nuts, Soft Drinks, Coffees, Honey, Milk, …

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Pepsi plans switch to plastic bottling

By Patrick Kagenda Crown Beverages Ltd, the manufacturers of soft drinks Pepsi, Mirinda, Evervess and Seven Up are re-shaping the packaging of their products. Simon Lugoloobi, the Chief Executive Officer at Crown Beverages Ltd, told The Independent that the company was injecting US$13 million (Shs 26 billion) to import the …

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Political party funding

By John Njoroge & Obed Katureebe President Museveni lays trap that will finish off the opposition In June 2008 the Ugandan government proposed an amendment to the 2005 Political Parties and Organisations Act to provide for public funding of registered political parties. The amendment declared that funds would be allocated …

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