Business

By Independent Team & Agencies Tanzania is set to remove restrictions on movement of capital across its national borders this month. The move will allow Tanzanian to invest in stock markets in the East African region for the first time. ‘This bears the potential of dramatically increasing demand in the …

By Independent Team The Indian telecom giant, Essar Group which owns Warid Uganda, has prepared a telecom blueprint for Africa under which it would invest US$2 billion According to Standard Business of India, Essar’s goal is to get 20 million customers and more, spanning six to seven countries in the …

By Patrick Kagenda But problems have just begun for the university staff as NSSF sues them for Shs 50 billion breach When National Insurance Corporation (NIC) issued its Initial Public Offer (IPO) On Dec 31 the Makerere University Academic Staff Association (MUASA) leader, Tanga Odoi, interrupted the event with a …

By The Independent Team Davos World Economic Forum 2010 In order to develop a deeper understanding of the nuances of public opinion on the topic of values the World Economic Forum carried out a unique new poll over Facebook. Below are the most salient findings from each question. Question 1: …

By Patrick Kagenda Since the Tanzanian government terminated its contract with a rail concessionaire early this month, pressure has been mounting on Uganda to throw out non-performing Rift Valley Railways. But Uganda`s Minister of State for Works John Byabagambi told The independent that the government is determined to throw it …

By Patrick Kagenda 51- year old Louis Kasekende was recently re-appointed as the Deputy Governor of Uganda’s central bank. The Independent`s Patrick Kagenda talked to him about his vision for the banking sector. Well come back. What new things are you bringing to Bank of Uganda? I have over the …

By Independent Team & Agencies Shs 50bn exports threatened as American senator asks EU to join trade blockade After reviewing legislation being considered by the Ugandan Parliament that would imprison citizens for being Lesbian, Gay, Bi-sexual and Transgender, U.S. Senator Ron Wyden, Chairman of the Senate Finance Committee’s subcommittee on …

By Jocelyn Edwards When rangers discovered the remains of the only male reedbuck in Kabwoya Park in the sack of a Tullow Oil contractor, they found what are perhaps the first signs of the impact that oil exploration will have in one of Uganda’s protected regions. Authorities got concerned when …

By Independent Team New research reveals changing phone use habits Call within your network or have several SIM cards and change accordingly. If you must communicate across networks then use SMS. That is the formula most Ugandans a choosing, according to the latest research into their phone habits. Conducted by …

By Patrick Kagenda Four years after the two East African governments concessioned their 100 year old 900 kilometer railway line to the Sheltam group headed by Roy Puffet, Sheltam has sold part of its shares to the Ambience Ventures Ltd of the Citadel group of Egypt. Sheltam managed to outwit …