By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …
Read More »Tooke project excites banana conference
By Patrick Kagenda From October 5 to 9, a conference bringing together over 60 banana growing countries from Africa and the Caribbean was held in Mombasa, Kenya under the theme: Harnessing International Partnerships to Increase Research Impact. Over 450 people attended the conference organised by the International Institute of Tropical …
Read More »Banker’s fear Africa could be hit more by financial crisis
By Patrick Kagenda As world central banks of the rich economies bail out their ailing financial institutions, experts predict that poor economies like Africa could take the bigger punch. Seeking to forge a common understanding and response for Africa, the Standard Bank Group organised a conference on the global financial …
Read More »Coping with global financial crisis
By Patrick Kagenda & Agencies American companies remain bullish As the American economy struggles to recover from the credit crunch and European economies jostle with rescuing their financial institutions, subsidiary of American companies operating in Uganda are maintaining an upbeat facade, claiming they are not affected by the American economic …
Read More »`Uganda banks not customer sensitive’
By Patrick Kagenda Kenya Commercial Bank Executive Director Mr Nok Bwondit speaks to The Independent’s Patrick Kagenda about how it intends to use its 110-year experience in the region’s banking sector to out-compete local players and other new entrants from West Africa and the Middle Eastern countries. Why did it …
Read More »Germany funds URC under Shs 1b grant, promises turnaround for RVR
By Patrick Kagenda The German government continues to fund Uganda Railways Corporation operations despite the rail operations being conceded to Rift Valley Railways (RVR). German Development Bank (Kfw) spokesman, Mr Wolfram Schweickhardt told The Independent from Frankfurt that in the framework of the Uganda German Development Cooperation, the Federal Republic …
Read More »PPDA to blame for delay in ship repair – Minister
By Patrick Kagenda On August 18 a Tanzanian cargo vessel MV Azza sunk on Lake Victoria with 200 tones of mineral water, 40 tones of cotton seed cake belonging to Century Bottling Co., the manufacturers of Coca cola. Azza was privately owned but its sinking added to the challenge of …
Read More »PPDA to blame for delay in ship repair – Minister
By Patrick Kagenda On August 18 a Tanzanian cargo vessel MV Azza sunk on Lake Victoria with 200 tones of mineral water, 40 tones of cotton seed cake belonging to Century Bottling Co., the manufacturers of Coca cola. Azza was privately owned but its sinking added to the challenge of …
Read More »PPDA finally allows repair of Mv Pamba
By Patrick Kagenda Repair of the government wagon ferry, MV Pamba, is set to start following the lifting of a ban on direct procurement of consultants for the job by the Public Procurement and Disposal of Public Assets Authority (PPDA). The August lifting of …
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