Business

Kampala, Uganda | ISAAC KHISA | South Africa’s retail chain, Shoprite, has taken up the advantage of the exit of Kenya’s biggest retail chains to cement its foot print in Kampala. Two of Kenya’s top retail chains – Uchumi and Nakumatt –exited the Ugandan retail chain market in the past three …

Kampala, Uganda | ISAAC KHISA | Hala Al-Karib is the regional director for the Strategic Initiative for Women in the Horn of Africa (SIHA), an organization that seeks to unlock potential of women’s rights movement. She spoke to The Independent’s Isaac Khisa about street vending in Kampala. What is your management …

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …

Kampala, Uganda | ISAAC KHISA | Drug manufacturing firm, Cipla Quality Chemical Industries Limited, hopes to raise at least Shs168.56bn through an Initial Public Offer that opened on August 14-24. The firm that is 62.3% owned by India’s Cipla, is offering 657.17million shares at a cost of Shs 256.5 per share. …

Bank’s CEO is optimistic that the second half will be better Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has recorded same net profit in the half year of 2018 as it was last year, underscoring how the industry is struggling to grow in the era of low interest rates and …

Local players unhappy with govt’s shelving of biotechnology law Kampala, Uganda | ISAAC KHISA | When confined field trials for insect-resistant and herbicide-tolerant BT cotton started at the National Semi Arid Resources Research Institute (NaSARRI) with support from the US-based Monsanto in 2006, researchers thought farmers would no longer worry of …

Kampala, Uganda | JULIUS BUSINGE | DHL is a global brand in the logistics industry with operations in more than 220 countries including Uganda. The Independent’s Julius Businge spoke to Fatma Abubakar, the country manager for DHL Uganda on the sidelines of an e-commerce workshop held at its headquarters in Kampala …

Supply of residential apartments in prime suburbs could exceed demand over the next two years Kampala, Uganda | ISAAC KHISA | Demand for residential properties in the secondary residential surburbs of greater Kampala has risen up on the back of increased stock of newly constructed properties, according to the latest report …

Bigger firms choke smaller and new telcos Kampala, Uganda |  JULIUS BUSINGE | A few days to implementation of the social media tax, commonly referred to as Over the Top (OTT) on July 1, 2018, three largest telecom firms – MTN, Airtel and Africell issued a joint statement to guide its …

Analysts anticipate some buzz on market that last had listing in 2012 Kampala, Uganda | JULIUS BUSINGE | Uganda’s Securities Exchange market is set to experience some new buzz again as the long awaited drug maker, Cipla Quality Chemical Industries Ltd (CiplaQCIL), makes an Initial Public Offering this month. The company …