Business

How angry Museveni letter got Tullow Oil bosses to act Kampala, Uganda |  The Independent Team |  It was an act of greed that “flabbergasted” even the President himself.  Wildcat oil explorer Heritage got paid US$1.5 billion (Approx. Shs 3.5 trillion or half Uganda’s 2010/11 national budget) for its shares in …

    By Peter Guest His response to the global economic downturn has transformed the African Development Bank Quiet streets greeted the African Development Bank’s return to Abidjan, its former headquarters, this May for its 45th annual meetings. The bank left in 2003, precipitated by the deteriorating security situation in …

By Kevin Hempel Policymakers increasingly consider youth entrepreneurship as a possible solution to the youth employment crisis. However, experts believe that only 20 percent of all people are fit to run their own businesses. Moreover, people with some experience are more likely to succeed as entrepreneurs. Last year, the title …

By Patrick Kagenda Joseph Kitamirike is the New Chief Executive at the Uganda Securities Exchange (USE), The Independent`s Patrick Kagenda spoke to him When do you start your day? I rise at 5:30 am every working day and I leave home an hour later in order to beat the traffic …

By Haggai Matsiko Experts say government must plan for December and 2011 elections Usually, when pump prices of petroleum products in Uganda shoot up, the government and oil sector operators blame it on some mishap in neighbouring Kenya. This time there was neither malfunction at the Kenya Petroleum Refineries Ltd …

By Dicta Asiimwe MPs allege forgery of reports but Speaker raises no objection Parliament approved the budget figures this week with, at one point at 6 pm, 21 members in attendance. Presided over by Speaker Edward Sekandi, by six o’clock, with over one hundred votes not yet passed, those present …

By Eriasa S. Mukiibi One issue that has preoccupied Ugandans since the launch of the East African common market is what they could sell to their regional counterparts in order to compete successfully. Dr. Bernabas Kiiza, an agricultural economist at Makerere University, believes the answer to this puzzling question is …

By Patrick Kagenda Samson Akinwale is the General Manager of the National Insurance Corporation (NIC). He talked to The Independent’s Patrick Kagenda about the performance of the insurance industry. What are the challenges the insurance industry is facing? As you are aware that insurance’s contribution to GDP continues to be …

By Eriasa S. Mukiibi Joseph Musoke is a distressed man. On Tuesday July 31, he woke up to the news that all the merchandise in his shop, which took him eleven years to build, had evaporated in a plume of smoke following the fire that gutted Kisekka Market that fateful …

By Patrick Kagenda Roger Siima, General Manager of Mpanga Growers Tea Factory, talked to The Independent`s Patrick Kagenda about the tea industry in Uganda and how it fits in the growing regional competition.’ When do you start your day? My day starts a bit early at about 6:00am. This is …