The lender has also recorded a surge in operational expenses during the same period under review Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded a huge surge in profits amidst the multi-faceted Covid-19 pandemic crisis of health, economic disruption and humanitarian challenges. Latest financial results …
Read More »Delivery firm, Glovo to reach more towns
Spanish on-demand courier service, Glovo, now plans to expand into Jinja or Entebbe as it grows its network across Uganda. Kampala, Uganda | ISAAC KHISA | The company currently partners with various businesses including retail chains such as Carrefour and fast food chains, KFC, Mr. Tasty Fried Chicken, The Food …
Read More »Airtel Uganda unveils no expiry data bundles
This comes two months since MTN Uganda revamped its no expiry data bundle dubbed MTN Freedom Bundles Kampala, Uganda | ISAAC KHISA | India’s Bharti Airtel subsidiary in Uganda has followed MTN’s footstep to unveil internet bundles with no expiry dates, enabling customers to browse with flexibility and comfort. Amit …
Read More »Airtel records profit growth in East Africa
The company will soon welcome two new minority investors – The Rise Fund and Mastercard – in its mobile money business Kampala, Uganda | ISAAC KHISA | India’s Bharti Airtel operations in East African shrugged off the effects of coronavirus pandemic to record a 15% surge in revenue to US$1.38bn …
Read More »High quality agricultural products will always access market – Ssempijja
Kampala, Uganda | Isaac Khisa | Farmers who produce high quality products will always access market in the East African region and abroad, according to the Minister for Agriculture, Animal Industries and Fisheries, Vincent Ssempijja. Ssempijja, who was speaking during the handover ceremony of solar powered irrigation system to Bugomola Integrated …
Read More »Centenary Bank net profit up 3.4%
Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …
Read More »Kasaija’s tax burden
How to raise money from ideas that failed Kampala, Uganda | ISAAC KHISA | Finally its May, the month in which parliament as the Committee of Supply debates and passes the 2021/22 national budget. Unlike in recent years, the focus of debate has shifted from sector allocation to another …
Read More »Uganda Red Cross Society unveils a 5-year strategic plan
Kampala, Uganda | Isaac Khisa | The national society will focus on financial and institutional sustainability, system coordination and service delivery Leading humanitarian organization, Uganda Red Cross Society, has unveiled a new five-year strategic plan 2021-2025 with key focus on financial and institutional sustainability, system coordination and service delivery. The plan is …
Read More »Mercy Corps unveils ‘Uber’ to connect skilled refugees, youth, with job opportunities
Uganda hosts more than 1.4 million refugees with majority coming from the South Sudan and Democratic Republic of Congo Kampala, Uganda | ISAAC KHISA | Mercy Corps has partnered with African Executive Leaders Solution to launch a digital platform to help legal refugees and youths close the gap in accessing …
Read More »Inside the Kenya-Uganda trade talks
Access to Kenyan market still a pain for Ugandan traders Kampala, Uganda | ISAAC KHISA | Ugandan traders had high hopes when Betty Maina, Kenya’s Cabinet Secretary for Industrialization, Trade and Enterprise Development visited Uganda on a recent weeklong bilateral visit. The local traders hoped that the key issues that …
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