Business DAX DOW JONES Business Down -0.54% at 6055.86 up 4.24% at 12045.68
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40 NEW VISION, Friday, December 2, 2011 MARKET MOVING NEWS OIL Down 92CTS at 109.60 FTSE Up 0.44% at 5529.54 CAC Down -0.06% at 3152.65 Business DAX DOW JONES Business Down -0.54% at 6055.86 Up 4.24% at 12045.68 FOREX By MACRINES Producer price inflation increases to 35% Shilling up against US dollar NYAPENDI RATES By MACRINES NYAPENDI Street noted that due to load By SAMUEL SANYA 0.5% reduction in the produc- by 42.1%,” the report shows. shedding, darkness drives JAFFERY FOREX Tel.347090/1 er inflation rate from 36.2% at During the month, factory The shilling yesterday dra- away customers because they Currency Buy sell The annual producer prices in- the end of August. gate prices of sugar went up matically gained against all feel insecure. dex rose to 35.7% in Septem- “There was a general in- 20.3%, prices of processed fish traded currencies, boosted by The shilling opened the US Dollar 2540 2555 ber, from 29% in July, thanks to crease in prices in all sectors. rose by 2.8%, those of vegeta- improved dollar inflows and day at 2,552/2,570 against Pound Sterling 3970 4040 an increase in processed food “Notable increases were in ble oil increased by 1.2%. lack of power. the dollar, but strengthened Euro 3410 3460 prices, the bureau of statistics prices of processed food by The report notes that despite “Ugandans abroad have to trade at 2,500/2,565 in Kenya Shs 27.7 28.7 indicates in a report. 49.1%, drinks and tobacco increases in the September started sending dollars to the afternoon. The pound STANHOPE Tel.347297/8 Reductions in the prices of by 18.6%, chemical products overall producer price index of their families to prepare for dropped to 3,950/4,120, from US Dollar 2540 2550 exports of processed coffee by 42.9%, metals by 30.6%, 3.6%, this was on a decreasing the festive season,” a dealer 3,990/4,100, while the euro Pound Sterling 3990 4010 on the international market, bricks and cement by 29.3% trend compared to the August on Kampala Road said. was at 3,330/3,470, down Euro 3400 3440 drinks and tobacco led to a textiles, clothing and footwear index of 5.5%. Another dealer at Luwum from 3,400/3,500. Kenya Shs 28 29 LLOYDS FOREX Tel. 0414348561 US Dollar 2545 2555 PICTURE BY FRANCIS EMORUT Mutundwe Pound sterling 3960 4030 Euro 3395 3430 Kenya 27.8 29 sub-station SHUMUK Tel.0414259736 US Dollar 2545 2555 restoration Pound Sterling 3985 4035 Euro 3400 3440 Sar 290 325 begins SPOTCASH Tel.0776628689 By SIMON MASABA US Dollar 2546 2556 Pound Sterling 3980 4030 Installation of transmitter Euro 3390 3440 equipment, which was dam- Kenya Shs 27.9 28.6 aged in a fire outbreak at the METROPOLITAN Tel.0414232773 Mutundwe power transmission US Dollar 2533 2553 sub-station about two weeks Pound Sterling 3962 4032 ago, has started. Euro 3402 3472 “The first phase of works at Kenya Shs 27.2 29.2 the sub-station will be com- MIDLAND Tel.0414233977 pleted by mid-next week,” US Dollar 2540 2560 Florence Nsubuga, the Umeme Pound Sterling 3980 4050 outage project manager, said in Euro 3380 3470 a statement. Kenya Shs 28 29 She added that the frequent CITY BUREAU Tel.0414370325 interruptions and prolonged outages experienced by cus- US Dollar 2548 2558 tomers in certain areas would Pound Sterling 3990 4080 also stop. Euro 3390 3470 “We managed to speed up MIDWEST Tel.0414255642 the delivery of the sensitive US Dollar 2548 2558 equipment and the engineers Pound Sterling 3960 4120 are working tirelessly to restore Euro 3380 3510 Romer explains how the fuel cell system works during the launch at Serena Hotel on Wednesday power supply,” she said. Kenya Shs 27.9 28.9 Nsubuga explained that HYDERY FOREX Tel.255780/1 over 100,000 customers were US Dollar 2540 2552 disconnected when the fire Pound Sterling 3990 4050 occurred, but their engineers Euro 3415 3500 re-connected 90,000 clients Kenya Shs 27.6 28.3 Rugunda tips on new ICTs through an alternative power DOLLAR HSE Tel 252918/9 supply. US Dollar 2545 2560 By FRANCIS EMORUT He was speaking at the “If it has, it should be of sales and marketing, The areas affected included Pound Sterling 3960 4120 launch of a new fuel cell sys- rectified first before putting explained that the system Entebbe Road, Entebbe town, Euro 3380 3500 Information communication tem at the Kampala Serena it on the market,” Rugunda includes a fuel reformer Najjanankumbi, Masaka Road, and technology (ICT) minis- Hotel. advised. that converts methanol and Nateete, Mityana Road, Mitya- Kenya Shs 27.9 28.98 ZAIN FOREX Tel. 0414288580 ter Ruhakana Rugunda, has The electraGen ME system, The minister said the liquid water into hydrogen na, Hoima, Mubende and parts cautioned companies against which is similar to a genera- Government would promote gas to power the unit. of the Kampala Central Busi- US Dollar 2540 2565 importation of new technolo- tor, is an extended backup the new technology after He said this eliminates ness District. Pound Sterling 3970 4040 gies, which are not tested or power system available in confirming its adoptability to the need to store bottled Thermal power providers Euro 3380 3450 sustainable. 2.5kW and 5kW configura- the local environment. hydrogen since the system Aggreko recently switched off Prime Tel.0414250476 “Any new scientific devel- tions. The fuel cell system was generates its own hydrogen. a 50MW plant, increasing the US Dollar 2540 2560 opment must be sustainable The system does not pro- introduced onto the local Bankshire Technologies supply shortfall that leads to Pound Sterling 3950 4040 and environment-friendly. duce any carbon emissions, market by Bankshire Tech- managing director Moham- frequent load-shedding. Euro 3370 3440 Therefore, firms should noise or harmful wastes. nologies, US-based IdaTech med Kalisa said the system “During the Christmas sea- CROWN Tel.0414252500 not rush to introduce a “We need to track the per- and South Africa’s Inala is ideal for telecommunica- son we are going to ensure US Dollar 2545 2555 new product on the market formance of a system with Technologies. tion towers, remote sites, that we reduce load shedding, Pound Sterling 3950 4020 without assessing its perfor- the view that it doesn’t have Rich Romer, the IdaTech hospitals, hotels, business even though the Aggreko sup- Euro 3370 3430 mance,” Rugunda said. so many problems. vice-president in charge buildings and factories. ply remains offline,” Nsubuga MONEYPOINT Tel.0414255552 pointed out. US Dollar 2545 2555 Pound Sterling 3960 4010 Euro 3400 3460 Kanungu farmers cry foul as pests attack tobacco gardens WALK-IN Tel.0414343004 By PATSON BARAIRE ated by the district council to study how pests. This has led to stunted growth and Millions US Dollar 2550 2560 tobacco growing in the district could be low output. There are two tobacco spon- Pound Sterling 3950 4040 Tobacco farmers in Kanungu district are sustained. soring firms in Kanungu district; British Is what the farmers Euro 3330 3420 crying foul after their crop was attacked The taskforce, headed by Can. Ben Rul- American Tobacco and Continental. ROYALCASH Tel.0414255332 by pests, leading to low yields. longa, the resident district commissioner, Godfrey Byarugaba, a farmer in Kibim- will lose due to an US Dollar 2540 2560 The development might also result into said an on-spot verification exercise in biri parish, said he invested sh700,000 attack by pests Pound Sterling 3950 400 loss of millions of shillings in terms of the three tobacco growing areas in the in a two-acre garden, hoping to get sh3m Euro 3390 3450 farmers’ income and tax revenues. district found that the crop under Conti- after harvest, but has lost all his crop to SPEEDBIRD Tel.0414254521 This was revealed by a taskforce cre- nental Tobacco Uganda was infested by pests. US Dollar 2500 2580 Pound Sterling 3880 3920 Euro 3370 3420 Bugisu Co-operative Union caretaker in trouble over illegal decisions, cash. Details on page 41.