Tag Archives: Business

  Ugandan clay products manufacturer to partner Rwandan market leader in bid to be real regional player Kajjansi-based Uganda Clays Limited is in plans to enter the Rwanda clay products markets in a bid to position itself as a leading regional clay products manufacturer. The company, which from July 27-August …

Lead pusher Bitature bags Shs47bn Government could be quietly handing out billions of shillings to private businesses, The Independent has learned from sources familiar with some of the transactions. What is not clear, however, is the extent to which those who claim that this is a `silent’ roll-out of the …

AGOA’s agony: Why 10-year extension of duty-free access to the US market could be another lost opportunity for Uganda When the US passed the African Growth and Opportunity Act (AGOA) 15 years ago, there was a lot of promise.  Many African countries, especially the oil exporters, have registered substantial progress under …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

Natalie Bitature, the proprietor of Musana Carts, the solar street-vending revolution, spoke to Nicole Numubiru about her award-winning Musana Cart, which provides urban street vendors with a cleaner, safer, more efficient solution to their cooking, storage and financing needs. The Musana Cart is an environmentally-friendly, solar-powered vending cart that is …

Pension sector assets topped Shs 6.5 trillion in 2015, a new report by the Uganda Retirements Benefits Regulatory Authority (URBRA) has shown. URBRA CEO David Nyakundi told journalists that the increase in the assets was attributed to the improving quality of governance in both public and private schemes in the …

  2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE).  Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety.  Some 21% of NSSF’s total value is in equities, with 73% …

Lagos, Nigeria | AFP | Every morning, Mama Biliki prepares small bags of popcorn outside her ramshackle house in Ajegunle, one of Lagos’ poorest neighbourhoods, to sell by the roadside for 50 naira each. On a good day, she reckons she can earn about 5,000 naira ($16, 15 euros) hawking …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …