traders-shut-shops

Three years [almost] of inflationary targeting; what do we know so far?

“Central banks are mysterious institutions, the full details of their inner workings so arcane that very few outsiders, even economists, fully understand them” Liaquat Ahamed, in Lords of Finance. [Currently reading] We swipe the access cards and walk through the revolving door to the elevator. Then we make it to level 7. To a heavily

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Licensed-areas

Government and Oil Companies signed an MOU, So what?

“A prenuptial agreement is a legally bind contract created by two people before they marry. In the prenuptial agreement the couple addresses such issues as the property bought into the marriage by each person and what the property rights of each will be should they divorce.” Words. Sentences. Jargon. Phrases. Anecdotes. This is how we

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fin-trust-mid

Finance Trust Bank: Local bank but will it hack it as a commercial bank?

26 – The number of licensed commercial banks in Uganda. Not a terrible statistic considering that only one commercial has been closed down in the last five years. The Commercial Bank of Africa (CBA) and Finance Trust Bank are the latest entrants in Uganda’s commercial banking scene. More recently, Guaranty Trust Bank (GTBank) acquired a 70percent

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Electricity-Uganda

On Umeme: let’s get back to the basics

It is the last day of November – 30th to be exact – in 2012. The sun is finding its way through the clouds. We are at the Sheraton Kampala Hotel. The same Hotel where everything was “Kwisha” in 1981. Fast forward to 2013, I once got served milk that had gone bad. I abandoned

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UCHUMI

Forget the cross-listing pomp, it is but just that

Coffee!! At best, it is Nescafe, not Good African Coffee or Star Café. A tale of Ugandan Hotels. A tale for another day. ⊷⊷⊷⊷⊷⊷⊷⊷⊷⊷⊷ Here is the context. The Uganda Securities Exchange is vibrant, well, sometimes: Only on days when a company lists – locally – or cross-lists. The pomp there after glides away with

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On moving on & journalism

“Ever since they left Thies, the women had not stopped singing. As soon as one group allowed the refrain to die, another picked it up, and new verses were born at the hazard of chance or inspiration, one word leading to another and each finding, in its turn, its rhythm and its place. No one

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Ugandans; Why you should give a damn about the mining sector

Last week, Uganda hosted a Mineral Wealth Conference, whose main focus was looking at how to invest in this sector. Mining has over the years – since 2006 – been living in the shadows of the oil sector – and rightly so. The mining sector is only 0.3percent of Uganda’s GDP. In 2006 when the

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