However, Kenya leads the region with a significantly higher AUM of US$ 2.44 billion Kampala, Uganda | JULIUS BUSINGE | Uganda’s Collective Investment Schemes (CIS) licensed by the Capital Markets Authority (CMA) in Uganda surpassed Shs3.85 trillion (US$ 1.05 billion) in assets under management (AUM) as at the end of Dec …
Read More »France to spend shs15 trillion on Uganda’s investments
Kampala, Uganda | THE INDEPENDENT | The French Government has revealed plans to spend 4 Billion Dollars or about 15 Trillion Shillings in Uganda over the next three years. This is part of the country’s renewed economic, social and political partnerships starting this year, according to the Embassy of France in …
Read More »Equity Group paving the way for investment in DRC’s emerging economy
The recent fourth edition of Equity Group’s Trade Mission, held in Kinshasa and Lubumbashi, brought together delegates from East Africa, including Kenya, Uganda and Tanzania Kinshasa, DRC | THE INDEPENDENT | The Democratic Republic of Congo (DRC), with its immense natural resources and dynamic economic sectors, is fast becoming a pivotal …
Read More »UDB’s investments create more than 400 new jobs
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s investments resulted into the creation of more than 400 additional jobs, bringing the total to 51,841 last year, underscoring the lender’s contribution towards transforming people’s lives. According to UDB’s latest Development Impact Report, titled “Transforming Lives: The Role of UDB in Driving …
Read More »NSSF earns Shs 80.6 billion from investment in MTN Uganda
This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …
Read More »Millennials and Gen Z prioritize impact investments
SPECIAL REPORT | THE INDEPENDENT | Almost 73% of Millennials and Generation Z demand that their investment portfolios include Environmental, Social, and Governance (ESG) criteria, according to a new global study conducted by one of the world’s largest independent financial and asset management organizations. Environmental, social, and governance (ESG), is …
Read More »Gen. Muhoozi Army appointment good for investment
With the next presidential election barely two years away, confusion over the NRM candidate created unnecessary uncertainly COMMENT | PETER NYANZI | When President Yoweri Museveni on March 21 named his son, Gen. Muhoozi Kainerugaba, the top commander of the Army, a number of eyebrows were raised. However, for several reasons, …
Read More »Make policies predictable for investment growth in manufacturing
COMMENT | GEORGE ORODI | As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later grow to chair a sub-committee on regional trading bloc configuration and a member of …
Read More »Investing in art
It is often considered an activity only for the wealthy. Karabo Morule would disagree SPECIAL REPORT | BIRD AGENCY | After leaving a career in banking, the actuarial graduate immersed herself in art investment and now works as an art advisor, guiding art lovers and investors at some of Africa’s biggest art …
Read More »Time to repurpose local governments for fiscal resilience
Local governments shouldn’t be solely administrative but position their districts as strategic investment hubs COMMENT | WALTER AKENA | Local governments in Uganda have traditionally functioned as administrative entities, responsible for delivering public services to citizens within their jurisdictions. However, they have grappled with financial difficulties. Despite experiencing a minor rise …
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