As its profit after tax drop more than seven times to Shs 6.8bn in 2018 Kampala, Uganda | ISAAC KHISA | The Kampala-based pharmaceutical firm, Cipla Quality Chemical Industries Ltd has hinted on a move to acquire a small company to boost its business growth. This comes at a time …
Read More »Behind the sugar zoning politics
Why the new proposal is bad for the country’s sugar industry Kampala, Uganda | ISAAC KHISA | Ugandan sugar millers, cane farmers and the government have for sometime been at loggerheads over a proposal to introduce zoning in the sugar cane growing areas. The proposed Sugar Bill, 2016, seeks to …
Read More »ICT empowers local population
Catholic Relief Services has worked in Uganda since 1965 in agriculture, microfinance and agriculture sectors, among others. Country Representative, Niek de Goeij, spoke to The Independent’s Isaac Khisa about their efforts to promote ICT for development. First, recently you held a three-day international conference on ICT4D in Kampala. How significance …
Read More »Medical, agric boost insurance premiums
Insurers record a 17.5% growth in gross underwritten premiums to Shs856bn in 2018 Kampala, Uganda | ISAAC KHISA | A surge in uptake of medical and agriculture insurance services coupled with increased distribution network helped Uganda’s insurance industry to record a 17.5% growth in gross underwritten premiums to Shs856bn in …
Read More »Ugandan banks post record profit in 2018
Top six banks registered collective net profit of Shs 620bn Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks surpassed investor expectations with 14 of the 15 banks that have published their financial performance results posting good profit margins in 2018, analysis by The Independent shows. Banks like Stanbic, Centenary, …
Read More »Uganda’s tourism growth presents opportunities for hospitality market
Hilton Hotels & Resorts is committed to two hotels in Uganda – Hilton Garden Inn and Hilton Kampala – to serve different market segments. Samantha Muna, the director of development for the hotel brand in East Africa spoke to The Independent’s Isaac Khisa about their plans and opportunities in the …
Read More »BRAC Uganda now a commercial bank
The lender records a 21% drop in net profit to Shs 17.2bn in 2018 owed to increased expenditure Kampala, Uganda | ISAAC KHISA | BRAC, one of the largest microfinance providers in Uganda, has become middle-sized commercial bank also known as a Tier II credit institution, paving way for its …
Read More »Fights at Posta Uganda
MD accused of recruiting relatives, forging financial statements and failing to comply with government’s development plan Kampala, Uganda | ISAAC KHISA | The Managing Director for Uganda Posta Limited, James Arinaitwe, is caught up in a fight to secure a ‘third term’ following the expiry of his contract last month, …
Read More »African free trade area could be operational in July
The agreement will have to dodge a patchwork of trade regulations and tariffs that make intra-African commerce costly | Shoshana Kede | Excitement was palpable throughout the region as the dream for a continental free trade area in Africa got the final ratification needed to become a reality this month. …
Read More »FAO moves to boost income for women
The challenge is that only two sub counties will be selected in the selected districts Kampala, Uganda | ISAAC KHISA | Like in most communities in Uganda, rural women in West Nile and Karamoja regions have limited access to resources to cater for their families. They have to search for …
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