The lender’s cost cutting strategy delivered good returns Kampala, Uganda | ISAAC KHISA | Uganda’s largest commercial bank, Stanbic Bank, seem to have surprised its investors with a 7% growth in net profit to Shs 215bn in 2018, closing out the year that the banking industry generated some Shs 700bn …

  Telecoms subscriber base reaches 11.3million Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 4.4% rise in revenue to Shs1.38 trillion for the year ending December 2018 owing to increase in customer numbers, data and fintech services. The company’s financial statements shows that its customer numbers rose …

  Franziska Leischker is the director at Xsabo Foundation in Uganda. She spoke to Isaac Khisa about the opportunities of their new product dubbed Fancy Pad. Briefly tell us about the Fancy Pad project. Why did you decide to come up with such a project? The “Fancy Pad” project is …

Nearly two years ago, the holder of Sadolin franchise in East African sold its business to a Japanese paint maker, Kansai Plascon. But for fear of losing market share, Sadolin brand owner – AkzoNobel – based in the Netherland handed over the license to the rival firm Crown Paints to …

MD shown exit as sales and marketing manager faces investigations over misconduct Kampala, Uganda | ISAAC KHISA | Kansai Plascon Uganda Limited has over the last couple of months hosted several senior executives from the parent company, Kansai Paint, based in Osaka, Japan. The executives’ stopover climaxed on Feb. 05 …

Amelia Kyambadde, the Minister for Trade, Industry and Cooperatives, has made no secret of her ‘Buy Uganda Build Uganda’ initiative. Kampala, Uganda | ISAAC KHISA | She took another step on March 07 to promote the country’s manufactured products with the launch of a three-day first expo and online portal …

Mohammed Sserunjogi is the executive director at the Uganda Halal Bureau. He spoke to The ndependent’s Isaac Khisa about the extent of certification in Uganda. For nearly 10 years, you have been offering halal certification for companies and products. Whose standards are you implementing? We are implementing the Uganda National …

Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …

New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …

It remains unclear on how much consumers will pay for the electricity generated even as UEGCL plans to sell electricity to the national grid at US4 cents per unit Kampala, Uganda | ISAAC KHISA | The multi-billion dollar Community Development Action Plan at Isimba Hydropower Project has started, clearing the …