Business

By The Independent Team FITCH ratings have affirmed MTN Group Limited’s National Long-term ratings at AA, with Stable Outlook. The rating agency said the affirmation reflects strong subscriber growth in MTN’s markets that have relatively low mobile penetration. The Stable Outlook reflects Fitch’s view that MTN’s business profile remains well …

By Joseph Were Stanbic Bank Uganda is learning the hard way that this is not a good time to attempt to raise funds on the equity market thanks to lingering after shocks of the global financial crisis. Its 7-year Shs 30 billion bond that was privately placed among institutions and …

By Mmegi Online Stanbic Bank Botswana’s Head of Corporate Banking, Jessica Gadimang, has been appointed the new Non-Bank Financial Institutions Sector Head for Stanbic Africa concentrating on franchises outside South Africa. The appointment is effective July 1. According to a statement, the move is in line with Stanbic Bank’s active …

  By Patrick Kagenda Construction of Ovino Market is over and the market is ready for occupancy. The Independent’s Patrick Kagenda talked to Miraj Barot the head of marketing at the Tirupati Group which is behind the Ovino dream. Now that construction of the market is complete what is next? …

By Patrick Kagenda Passenger sharing agreements allow it to fly EU destined travellers through Entebbe Air Uganda seems determined to end the jinx that has afflicted Entebbe based national flag carriers since Uganda Airlines collapsed in 2001. Its successor, East African Airways, was launched in December 2002 but collapsed soon …

By The Independent Team What better way to appreciate President Kagame for his new role as Rwanda’s Antonio Gramci. Antonio coined the term organic intellectual to refer to a people who realise they have a problem and fight to overcome them. He further argued that solutions to problems lie within …

By Mubatsi Asinja Habati But Ugandan exporters dismiss the US trade partnership The 8th forum for the African Growth Opportunity Act (AGOA) held in Nairobi last week attracted a mammoth delegation that comprised the minister of trade, tourism and industry, Kahinda Otafiire, ministry officials and a group from the AGOA …

By Patrick Kagenda You have been accused of running down the chamber. What is happening? That is not true. If anything I have done a lot to make the chamber an established institution. I found the chamber being run without functional structures, affiliated to the National Enterprises Corporation (NEC) and …

By Kabona Esiara As Rwanda, Burundi demand end of TRC concession to Indian Rail Company With the construction of a trans-boundary railway line from Tanzania through Rwanda to Burundi planned to begin at the end of this year, infrastructure ministers in the three countries are pushing Tanzania to terminate the …

By Okodan Akwap Entebbe International Airport certainly needs to be upgraded to a level that can help us deal with some of the debilitating effects of our being a landlocked nation. But when you listen to the ongoing arguments over this matter you realise with dismay that, once again, many …