Experts say financial institutions to prefer extending short term loans. New accounting standard will make loans, insurance more expensive Kampala, Uganda | ISSAC KHISA | Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this year. The bad news is that borrowers …

Over 38,261 jobs to be created in eight sectors Kampala, Uganda | ISAAC KHISA | Rwanda recorded a 30.7% growth in investment to US$1.675bn last year compared with the previous year, data from the country’s promotion agency, Rwanda Development Board (RDB) shows. According to the data, three sectors – construction and …

Creditor plan to auction buses to recover Shs 151 mn debt Kampala, Uganda | ISAAC KHISA | On the road leading to the Western gate of the Mandela National Stadium, located about 8 kilometres away from Kampala City Center on the Kampala-Jinja highway, one would easily observe that something wrong. Nearly …

Kampala, Uganda | ISAAC KHISA | Products of cigarette maker, British American Tobacco (BATU) manufactured at its Kenyan subsidiary in the East African Community will now be exempted from Uganda’s excise duties. This follows a ruling in the East African Court of Justice (EACJ) on Jan 25, barring the Uganda revenue …

Cooperative banks worldwide were financed by cooperatives societies  Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …

Kampala, Uganda | ISAAC KHISA | Magoola Matthias, is the CEO Dei Group International, the firm behind social marketing platform, Dei places. He spoke to The Independent’s Isaac Khisa about social marketing to drive Uganda and Africa’s tourism potential. What is your management style as a manager? Management is a very …

Targets more from growing population of tourism magnet Kampala, Uganda | FRANCIS BYARUHANGA | Rwanda has got a new additional habitat for its growing population of rare mountain gorillas, the Gorilla Berengei Berengei. The 27.8-hectare property (about the size of 70 standard football fields, was donated by the AWF (African …

New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …

Kampala, Uganda | THE  INDEPENDENT | Oliver Lalani is the Executive Director at Roofing Rolling Mills (RRM). He spoke to Isaac Khisa about Uganda’s steel industry and its future outlook. What is your assessment of the performance of Uganda’s steel industry in the country at the moment?  The Steel industry …

New expansions could lead to a drop in cement prices Kampala, Uganda | ISAAC KHISA | The good news for Uganda’s cement industry is that it is headed towards increase in production in the next few months. The challenge, however, is that it could lead to a decline in prices …