Net profit contribution from the business outside Kenya grew to 28% compared with 18% in the previous year Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded 11% drop in profit after tax to Shs 684 bn for the year ended Dec.2020 citing effects of …
Read More »Uganda to rollout second round of hotel classification in May
However, the stakeholder sensitization will be key to the success of the exercise Kampala, Uganda | ISAAC KHISA | Uganda is set to rollout the second round of grading and classification of hotels and other tourism facilities to boost their competitiveness in the east African region. Lily Ajarova, the Chief …
Read More »Dividends for banking investors down but better than expected
Banking executives expect the industry to rebound citing projected growth in the economy Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep …
Read More »Umeme shareholders face a 70 % dividend dip to Shs19bn
The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit …
Read More »Intra-African trade fair pushed to December citing COVID-19 vaccination
Kampala, Uganda | Isaac Khisa |The second Intra-African Trade Fair (IATF2021) is now set to take place from Dec 8-14, 2021, it has been confirmed. The African Export-Import Bank, the African Union and the Rwanda government decided to shift the date of the continental trade fair, which was previously scheduled …
Read More »Commercial tree planting deepens in the drought hit Karamoja sub-region
Kampala, Uganda | Isaac Khisa | Simon Opolot, the head teacher of Musupo Primary School in Moroto District, is always in deep thoughts on how to prepare lunch for the pupils. The children have to walk five kilometers on Mt. Moroto and other neighboring hills at least twice a week to …
Read More »Ugandan scientists develop drought tolerant trees
This comes as Uganda joins the rest of the world to commemorate the World Forest Day on March 21 to raise awareness of the importance of all types of forests Kampala, Uganda | Isaac Khisa | Ugandan scientists have developed drought tolerant tree species, paving way for possible establishment of commercial forests …
Read More »Cow dung offers mixed energy dividend for rural Uganda
High investment cost is to blame for low uptake of biogas digesters among the population Kampala, Uganda | ISAAC KHISA | Margaret Atimango, one of the 30 members of Kudinger People Living with HIV/AIDS, no longer wakes up worried on how to prepare meals for her family. Before the Food …
Read More »Coca-Cola, Nice House of Plastics setting up fibre making factory
This comes when countries that used to import plastic waste including China and India for recycling are beginning to impose bans Kampala, Uganda | ISAAC KHISA | Plastic Recycling Industries, a subsidiary of Cola Cola Company in partnership with the Nice House of Plastics, Kampala Capital City Authority and Stanbic …
Read More »UAE retains position as biggest buyer of Ugandan products
But China retained the top slot as seller of products to the East African nation Kampala, Uganda | ISAAC KHISA | United Arab Emirates has retained its position as the biggest buyer of Ugandan products for the fourth consecutive year after making orders worth US$1.84 billion from Kampala in 2020, …
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