Business

By Joan Akello Ivan Kyayonka was interviewed by The Independent’s Joan Akello following an announcement by Shell Oil Products Africa (Shell) on reviewing ownership. What has led to its exit from Uganda? First of all, we have not exited; we have expressed a desire to review the ownership of part …

By Patrick Kagenda Bank also plans to make all notes the same size and with similar features A senior source in government has told The Independent that Bank of Uganda is introducing a Shs2000 currency note soon. The source said the new note is part of a plan by the …

By Louis Upkins Jr. Consider the profit and loss on your family life just as you regard your work, then start treating your spouse like your best customer In the best of times, the balancing act of work, marriage, and family life is challenging for executives. Add the pressures of …

By Joan Akello Since Shell Oil Products Africa (Shell) announced it was reviewing ownership options of its downstream businesses in 21 countries in Africa including Uganda, the question has been: Who will fill the gap? Shell Uganda Country Chairman Ivan Kyayonka told The Independent on March 7 that several options …

By Patrick Kagenda Sunil Mittal, the Bharti Airtel’s chairman, who started business as a bicycle spare parts dealer, last week put pen to paper to pay $10.7 billion for Zain’s mobile operations in 15 African countries. The deal gives Bharti Airtel 42 million subscribers in the 15 African countries, which …

By Patrick Kagenda The Shs46 billion (‚¬17 million) Lubaga School of Nursing has been commissioned by the Head of Delegation of the European Union in Uganda, Vicente De` Visscher. The commissioning took place on March 30 after six and a half years of intensive work. The project which started in …

By Patrick Kagenda In the middle of last year, the Ugandan Shilling appreciated against the dollar. The importers were all smiles as they required fewer shillings to buy dollars thereby making their businesses flow smoothly. On the punching end were the exporters who would earn less from their exports as …

By Joan Akello Fuel shortage and high prices have continued to haunt Uganda for weeks running.Apparently, poor delivery infrastructure particularly the unfinished pipeline is making the situation worse. The weakening shilling, transport and insurance premiums due to sea piracy at the Gulf of Aden were cited by Energy Minister Daudi …

By The Independent Team Mohammed Al Amoudi (Ethiopia) African Rank No.1 – World Rank No. 43 – Wealth $9 billion Ethiopian born Mohammed Al Amoudi is this year the Richest Man in Africa. Al Amoudi who is based in Saudi Arabia has kept his US $9 billion fortune through these …

By Matthew Reed As the great and good of the mobile industry browsed the exhibits at the Mobile World Congress trade show in Barcelona this week, they may have overlooked a couple of watershed moments in emerging-market telecoms. In the past week, Indian and Chinese investors have unveiled plans for …