Business

By Patrick Kagenda & John Njoroge Weak company law fails to protect the poor and gullible from fake saving schemes To Gauda Tushabomwe, it seemed like a brilliant way to invest her money. Tushabomwe, at the time an accountant with Kabale Diocese, was introduced to a microfinance organisation called COWE …

By Patrick Kagenda As the global financial crisis continues to affect economies worldwide, The Independent’s Patrick Kagenda talked to Gideon Badagawa, Executive Director Uganda Manufacturers Association on how it is affecting Uganda’s manufacturing sector. How will the global financial crisis affect Uganda? Uganda cannot escape the global economic crisis. There …

By Geoffrey Onegi-Obel Last week Dr Onegi-Obel described the limitation of the government’s `resource envelop’ budget driven response to the global economic slowdown including its impact on Uganda’s job creation, domestic savings and domestic direct investment. In this last of a two part series, he discusses possible solutions including a …

By Patrick Kagenda Basing on reduced US dollar remittances into the economy last December, Forex market operators are warning of a further battering of the shilling. Experts fear the dollar scarcity that led its value to shot up by 30% from Shs 1,700 to the dollar to Shs 2,200 before …

By The Independent Team President Yoweri Museveni has projected Uganda’s economic growth to be as high as 7.5% in the year ending June 30, according to a statement issued by the government Media Centre President. Mr Museveni based his projections on improved exports performance and investment in energy industries. “While …

By Geoffrey Onegi-Obel Limitations of the government’s `resource envelop’ budget driven response to the global economic slowdown including its impact on Uganda’s job creation, domestic savings and domestic direct investment We are already being dragged down by the world wide economic recession. How Uganda comes out of it is a …

By Independent Team Economic growth in sub-Saharan Africa is expected to moderate in the face of the financial turmoil, especially as terms of trade gains from the surge of commodity prices moderate. Overall, growth is projected to decline from 7% in “07 to 6% in 2008-09. South Africa, the region’s …

By Patrick Kagenda. One year since fuel scarcity hit, Uganda is still grappling with the shortage without a solution by the government. It started on Dec 30, 2007 with post-election violence in Kenya that saw the economies of its landlocked neighbours that depend on the northern corridor for imports, including …

By The Independent Reporter Commodity prices expected to tumble in 2009 The global financial crisis that started to show its effects in the middle of 2007 exploded in 2008. Around the world, stock share prices tumbled, financial institutions previously considered impregnable collapsed or were bought out, and governments even in …

By the Independent Reporter In spite of a booming real estate sector in Uganda, the country is suffering from a growing housing deficit of over 1.6 million units. In spite of the sector growing at 30% annually, the deficit keeps growing by 10,000 homes. But with over 200 companies involved …