Brokers, agents told to prove their relevance Kampala, Uganda | ISAAC KHISA | Predictions for Uganda’s insurance industry this year is positive but some players are likely to face uncertain future in their operations. The consensus view among industry players is that the industry will put a strong performance this …
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Kampala, Uganda | THE INDEPENDENT | Minister of Finance Matia Kasaija has said Uganda’s debt remains sustainable with nominal debt to GDP of 41.5%. He said the debt levels are comfortably below the international sustainability threshold of 50% debt to GDP ratio – beyond which debt starts getting unsustainable – and …
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Washington, United States | AFP | World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision ends Kim’s six-year tenure and may give US President Donald Trump decisive influence over the future …
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Tokyo, Japan | AFP | The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on …
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Kampala, Uganda | THE INDEPENDENT | Ketty Adoch, a Ugandan innovator in the Agriculture sector has been named among eleven innovators nominated for the Artificial Intelligence (AI) for Earth Innovation Awards. Adoch, a geographical information systems specialist in agriculture works towards monitoring change detection for Land Cover Mapping around the …
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Kampala, Uganda | THE INDEPENDENT | Kenya’s betting firm, SportPesa, is planning to enter the Brazil’s gambling market following the South America’s decision to review its law to legalise online and on-land betting. SportPesa CEO Ronald Karauri, however, told BusinessDaily that it is still too early to disclose further plans on …
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Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …
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Kampala, Uganda | THE INDEPENDENT | Uganda has revised its aviation regulations, giving more powers to regulator Uganda Civil Aviation Authority. Under the Civil Aviation Amendment Bill 2017 that was recently passed by parliament, the CAA now has oversight over all public and private aerodromes as well as civil aviation training …
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Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a US$30 million re-guarantee facility to support African small and medium-sized enterprises (SMEs) in the trade value chain to access funds for their activities. Gwen Mwaba, the director for …
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Kampala, Uganda | THE INDEPENDENT | While UMEME recently boasted that they are innovating to reduce operation costs, President Yoweri Museveni has in his New Year’s message said the leading power distributor in the country accounts for 34% of the power distribution cost. Museveni said UMEME is a key “distorter” in the …
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