Imagine a food market, almost anywhere in Uganda. Often it will have a section for matooke (green bananas). Usually, it is a beehive of calling out to customers, haggling, exchanging money, and carrying bunches of matooke about on bicycles, the head, shoulder, or arms. By Dominic Muwanguzi Now imagine a …
Read More »Banks setting up company to wipe off bad loans
Banks setting up company to wipe bad loans off their balance sheets After years of struggling to cope with borrowers failure to pay loans, Ugandan commercial banks have come together to form a joint company to deal with the problem on their behalf. Formation of the company currently called the …
Read More »Nakumatt embarks on Shs51.1billion cost cutting drive
Two outlets to be closed in Kampala in the new plan Regional retail chain, Nakumatt Holdings, is targeting Ksh1.5billion (Shs51.1bn) in cost cuts annually with the closure of several branches across East Africa starting this month. The chain has already closed Katwe outlet in Kampala over accumulated rent arrears estimated …
Read More »How different are female, male and intersex genital cutting?
Three members of the Dawoodi Bohra sect of Islam were recently indicted on charges of “female genital mutilation” (FGM) in the U.S. state of Michigan. In Norway, meanwhile, one of the major political parties has backed a measure to ban childhood male circumcision. By Rebecca Steinfeld & Brian D Earp …
Read More »INTERVIEW: Boosting accountancy profession
Rachel Grimes is the President of International Federation of Accountants (IFAC), the global umbrella body for all accountants. The Independent’s Julius Businge spoke to her at the opening of the five day 4th Africa Congress of Accountants (ACOA) held in Kampala from May 2-5. How important is this meeting to …
Read More »All about the new Ebola outbreak
World Health Organisation confirms several dead in DR Congo The World Health Organization has confirmed an Ebola outbreak in a remote forested part of the Democratic Republic of Congo, the first in that country since 2014. By May 12, at least nine people were suspected of being infected, and three …
Read More »Akizimana’s love of women
Artist uses art to depict beauty, struggles, generosity By Joseph Ondiek On a recent visit to Abien Arts Center in Kigali, we found the proprietor and resident artist, Fabien Akizimana busy on pieces he hoped to present to the panel of The East Africa Art Biennale association (EASTAFAB), from where …
Read More »ANALYSIS: Proposed KCCA law
Museveni’s latest plan to kick Lukwago out of Kampala? Erias Lukwago, 47, the Kampala Capital City Authority (KCCA) Lord Mayor, is in fighting mode again. This time, it is not the Executive Director, Jennifer Musisi or the Minister for Kampala, Betty Kamya, he is taking on but a law. According …
Read More »City Tyres see higher tyre sales
Pirelli tyres sales to grow 20% in the next six months City Tyres, a subsidiary of Mandela Group of Companies in Uganda, expects a 20% growth in sales for Pirelli tyres in the next six months on the back of the ongoing new Formula One (F1) campaign. Mandela Group of …
Read More »Ugandan companies fight over US$20bn in oil logistics
Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …
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