Tag Archives: Patrick Kagenda

By Patrick Kagenda & Joshua Masinde The year 2009 began with projections of declining economic growth especially in Sub- Saharan Africa as a result of the global financial meltdown. Growth was projected to decline from 7 percent in 2007 to 6 percent in the financial year 2008/09. The economy has …

By Patrick Kagenda Used car prices in Uganda are set to go up following the introduction of the pre-shipment inspection of vehicles at the port of origin. Three companies, Jevic Japan, East Africa Automobiles and Jabal Kilimanjaro were recently contracted for the job by the Uganda National Bureau of Standards …

By Patrick Kagenda Hirome Mayanja Sabbehe, the director of Shamila Contractors, was the chairman of the Uganda business community in south Sudan from 2005 to the beginning of 2007. He dealt in human drugs in Malakal in the Upper Nile State of south Sudan. It was here that he met …

By Patrick Kagenda Bank of Uganda last week issued a Shs 60 billion 10 year bond and will issue another bond of a similar magnitude at the beginning of December. The Independent’s Patrick Kagenda talked to Stephen Kaboyo the director Financial Markets Department at the central bank. What financial instruments …

By Patrick Kagenda The Eastern and Southern African Trade Development Bank (PTA Bank) announcement this month that it had raised Shs 8.5 billion of its Shs 40 billion corporate bond has focused fresh attention on Uganda’s capital market. At the launch of the Shs 8.5 bond on the Uganda Securities …

By Patrick Kagenda The PTA bank last week raised Shs 8.5 Bn in the first tranche of its Shs 40Bn bond issued on the Ugandan market. Dr. Michael Gondwe, the PTA bank president explains its strategy. How do you rate the performance of your bond? The bond took quite a …

By Patrick Kagenda Two months after the ministry of Health recommended a ban on production, sell, and consumption of alcohol packed in sachets allegedly because it had killed 18 people, the measure remains controversial in parliament, Cabinet, and the public. The Independent’s Patrick Kagenda talked to the Uganda National Bureau …

By Patrick Kagenda Buoyed by returning off-shore investors especially in the oil sector, increased remittances from Ugandans working abroad, and inflows from exports, the shilling has appreciated 25% against the dollar over a six months ending October 31. Globally the dollar has seen some depreciation lately, against other currencies. It …

  By Patrick Kagenda Works and Transport minister John Nasasira’s decision to suspend weighbridges across the country might finally put Uganda in harmony with its regional neighbours. Nasasira allegedly suspended the operation of weighbridges after it was discovered that the weigh bridge attendants were extorting money from truck owners, operators …

By Patrick Kagenda MTN has set a precident in acquiring quick money from Uganda’s financial market. It is the first to raise money through a syndicated loan in the country’s history. Will other corporations also follow? Bank of Uganda Governor Tumusime Mutebile says MTN’s Shs 200 billion syndicated bank loan …