By Patrick Kagenda For about a year, Ugandans have endured high fuel prices. Patrick Kagenda interviewed Minister Daudi Migereko about the soaring fuel prices. Uganda has been experiencing a fuel crisis since Nov 2007 and its now one year whats the cause of this crisis? The refinery in Mombasa is …
Read More »New passenger ship returns to Port Bell
By Patrick Kagenda It is good news for holiday makers and businessmen. A Tanzanian owned passenger vessel is plying the Port Bell ” Mwanza route weekly. Uganda last had a passenger vessel to Mwanza three years ago. That is because Ugandan owned ships MV Pamba and MV Kaawa have been …
Read More »Cross-listed KCB banks on electronic trading
By Patrick Kagenda At the dot of its tenth anniversary, Uganda Securities Exchange listed its tenth company. KCB was cross listed at 11:00a.m on Nov 11 amid excitement from stock brokers and equity managers. “The cross listing means Ugandans can now have access to the KCB counter and it adds …
Read More »Can Credit Bureau lower the cost of borrowing?
By Patrick Kagenda Economic decisions driven by right motives can flounder if implemented at the wrong time. That is what some pundits fear could befall Uganda’s first Credit Reference Bureau (CRB) that comes into operation on December 3 with the hope of lowering lending costs and risk and pushing interest …
Read More »Poor infrastructure frustrates real estate development
By Patrick Kagenda Lack of access roads, water and sewerage and electricity networks lead to a doubling of the cost of building and owning of a home or real estate development as it’s popularly known in Uganda. Housing experts say if government could put in place infrastructure, turn key houses …
Read More »Air Uganda introducing transcontinental flights
By Patrick Kagenda Air Uganda, a privately owned airline that flies the national flag, plans to introduce transcontinental flights, according to Mr Peter de Waal, the company Chief Executive Officer. He unveiled the two-year plan to journalists while speaking on the airlines first anniversary of operations in Uganda. Air Uganda …
Read More »Uganda tourism can benefit from Kenya-Obama link
By Patrick Kagenda Even before Barack Obama was announced winner of the November 4 US presidential elections, Kenya his half ancestral home was planning for tourists who would flock the country to experience the roots of the first black man to occupy the White House. The Independents Patrick Kagenda talked …
Read More »“Financial crisis hurting us”
By Patrick Kagenda The Independent’s Patrick Kagenda talked to Mr. Kirumira Vincent assistant marketing manager of Crest Foam in charge of promotions on the effects of the global financial crisis on their business. How has the global financial crisis affected your business? We purchase all items using the dollar. The …
Read More »October shortage exposes empty talk
By Patrick Kagenda When long-distance truck drivers went on strike in protest against the poor state of the Malaba Border Post parking yard on October 20, the government left the Uganda Revenue Authority to resolve it. It did not work. On October 28, President Yoweri Museveni passed Malaba on his …
Read More »Skyrocketing dollar versus shilling
By Patrick Kagenda `I have the capacity to burn Forex speculators’ fingers’ As the world financial crisis takes center stage in all global discussions, The Independent’s Patrick Kagenda recorded Uganda Central Bank governor Emanuel Tumusime Mutebile’s answers to the press on why the American dollar has shot skywards and its …
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