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BUSINESS
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May 22, 2008
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Pride Microfinance Limited is on sale |
| Another financial institution
is up for sale. Pride Microfinance, Uganda’s most
profitable microfinance deposit-taking institution,
is being prepared for sale barely a month after Kenya’s
Equity Bank bought Uganda Microfinance Limited (UML).nst
the Ugandan currency would be risky for his investment. |
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Kikuubo changes face to marshall competition |
| Julius Mugisha has been a
trader in Kikuubo for 15 years, but is now not sure
how much longer he will stay business here. |
| Economy
to weather high food prices, energy deficit |
| East African countries are
projected to withstand the current high food prices
and the persistent energy deficit to post an impressive
economic growth of about 7.3% in 2008—above the
continental average of 6%. |
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Rwanda gas power project starts June |
| KIGALI-Rwanda may start generating
electricity from methane gas from Lake Kivu by June
this year, a cabinet minister has said. |
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