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Robbed by the ‘bank’

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 …

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Uganda won’t escape the global crisis

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 …

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Economy to grow 7.5%

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 …

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Fuel crisis spreads agony

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 …

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Global financial crunch

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 …

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Real estate booms

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 …

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