Tag Archives: Uganda

By Patrick Kagenda Four years after the two East African governments concessioned their 100 year old 900 kilometer railway line to the Sheltam group headed by Roy Puffet, Sheltam has sold part of its shares to the Ambience Ventures Ltd of the Citadel group of Egypt. Sheltam managed to outwit …

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

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 Andrew M. Mwenda Last week, I was in Lagos, Nigeria and witnessed the tragedy of African politics. Nigeria is home of anything between 140m to 160m people. It has some of the most educated, intelligent, innovative and hard working Africans. However, its politics promotes leaders who are venal, greedy …

By The Independent Team On October 16th 2009, University of Oxford’s Prof. Paul Collier gave a talk at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda. Below we produce a slightly edited version of his speech. Prof. Paul CollierA country’s competitiveness rest on two …

By Independent Team Amount is about half of Uganda’s national budget Tullow Oil Plc, the U.K. explorer with the most licences in Africa has appointed Standard Chartered Plc to sell up to half its stakes in two Ugandan oil fields, the Sunday Times of London has reported. Aidan Heavey, the …

By Mubatsi Asinja Habati In todays world with improved technology that enables breeding of improved and drought resistant seed varieties, there is no reason for anyone to go hungry. Yet more than 1.6 billion people worldwide are hunger stricken. And some 8 million Ugandans are at the verge of hunger. …

By Fred Guweddeko It is gloom for Uganda as the country marks its 47th Independence Anniversary. The ‘Independence Balance Sheet’, must show in the Assets Column value for the costs the people of Uganda have incurred since 1962. It must also show in the Liabilities Column, the real owners of …

By Independent Reporter President Yoweri Museveni’s Independence Day announcement that Uganda is to build a mini-refinery for its recent but substantial oil finds has sparked a rush among oil producing companies. Discussions on accelerating the management and institutional capacities of new oil discoveries and gas-producing economies were high on the …