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New Vision (Free subscription) | 10/09/2008
By Sylvia Juuko in St Lucia COMMONWEALTH finance ministers want global participation in the designing of a regulatory response to the financial market crisis. In a communiqué issued at the conclusion of a three-day meeting held from October 6 to 8 in the Caribbean island of St. Lucia, the ministers stressed the need for strengthening of global regulation, improved risk management and...
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New Vision (Free subscription) | 10/08/2008
By Sylvia Juuko in Castries, St Lucia UGANDA is planning to increase food production in the medium and long-term instead of providing subsidies to mitigate the food price shock, the economic adviser to the finance minister has said. ‘Uganda’s approach to the food crisis is not to provide short-term solutions like subsidies but facilitate farmers through the National Agricultural Advisory...
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New Vision (Free subscription) | 10/07/2008
By Sylvia Juuko in Castries, St LuciaCOMMONWEALTH finance ministers should adopt extension services and create strategic food reserves to minimise the consequences of high food prices, the Commonwealth Secretary General, Kamalesh Sharma, has said. “Finance ministers have to urgently ensure increased food production. “No matter what value you add, if you do not make more food available,...
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New Vision (Free subscription) | 09/29/2008
By Sylvia Juuko HAVING a strong vision, sticking to one’s goals and perseverance is what it takes to succeed in business, entrepreneur Gordon Wavamunno, has said. “The people who have chance for success in attaining goals are those who know what it is like to have their backs against the wall and still come out on top with their integrity intact. These are the people with competitive...
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New Vision (Free subscription) | 09/24/2008
KUNDAVI Kadiresan is the new World Bank country manager to Uganda. She spoke to Sylvia Juuko about Uganda's economy and the global financial markets turmoil as well as her aspirations for her new posting.
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New Vision (Free subscription) | 09/25/2008
By Sylvia Juuko THE Central bank is to reduce the supply of money to a level consistent with price stability as a measure to rein in on inflation, the governor announced on Wednesday. “The central bank remains committed to the low inflation objectives in the medium-term outlook and shall implement an appropriate monetary policy stance aimed at keeping money supply to a level that will...
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New Vision (Free subscription) | 09/24/2008
By Sylvia Juuko QG Saatchi & Saatchi, a leading advertising agency, is extending its services to cover the East Africa region, Patrick Quarcoo, the managing director, has said. “I see big opportunities in the region. My vision is to grow Saatchi and Saatchi into an African network,” he said in an interview recently. Quarcoo, who jointly owns the agency with David Galukande, said he aims...
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New Vision (Free subscription) | 09/22/2008
STANBIC Bank vehicle and asset finance and Sharp Electronics have signed an agreement to finance office equipment through leasing, reports Sylvia Juuko.Hentie Stemmet, the Stanbic head of vehicle and asset finance and Sharp’s Patrick Katto, signed the deal in Kampala last week. “We want to extend leasing products beyond vehicles and equipment. “This agreement is to bring the latest technology...
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New Vision (Free subscription) | 09/10/2008
By Sylvia Juuko UGANDA Clays share price rose to sh225 in the post-split week of trading, registering a historical Price Earning (PE) level of nearly 100 at the Uganda Securities Exchange (USE), analysts said. The PE ratio is a quick way of determining whether a share is fairly valued compared to the market. The higher the ratio, the more the suggestion that it is overvalued. However,...
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New Vision (Free subscription) | 09/03/2008
By Sylvia Juuko AFRICA should manage aid inflows to ensure its effectiveness in reducing poverty on the continent, a top World Bank official advised this week. “Our emphasis is to have Africa in the driver’s seat. It should be Africa’s responsibility to maintain control over inflows and ensure the best use of aid,” said Obiageli Ezekwesili, the World Bank vice-president for Africa She...
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New Vision (Free subscription) | 08/29/2008
By Sylvia Juuko THERE are more poor people in the developing world than previously estimated, a new study released by the World Bank has shown. However, the bank notes that poverty rates have been on the downward trend. The study shows that in 2005, there were 1.4 billion people in the developing world living below the new revised poverty line of $ 1.25 a day compared to 1.9 million in...
