Growing middle class, economy attracts investments in the hotel industry Kampala, Uganda | ISAAC KHISA | Nearly six years ago, 18 countries in Africa did not have any global branded hotel as prospective owners and operators did not see business opportunities. But this has now reduced to only five countries …
Read More »Reprieve to cane farmers as government allows export
The export is limited to the initial three months Kampala, Uganda | ISAAC KHISA | Sugar cane farmers in Busoga sub-region have received a limited reprieve to export their excess cane to the neighbouring Kenya, even as questions on how much impact it will cause to the local sugar millers …
Read More »American interest in Uganda’s GMO law
How U.S. funding for science set up a clash between parliament and Museveni Kampala, Uganda | RONALD MUSOKE AND ISAAC KHISA | When President Yoweri Museveni rejected the Genetic Engineering Regulatory Bill 2018, for the second consecutive time, his action left the Ugandan public polarized between local and international interests …
Read More »Umeme records Shs61.2bn net profit
Overall performance was hindered by a jump in tax expenses Kampala, Uganda | ISAAC KHISA | A nearly double growth in income tax expense bullied Uganda’s electricity distributor, Umeme, to record a merely 0.3% growth in net profit to Shs 61.2bn for the past six months ending June.30. The company’s …
Read More »Rent in Kampala’s city centre remain stable
Future real estate developments hinge on the newly passed Landlord-Tenant Bill Kampala, Uganda | ISAAC KHISA | Rent for office space in prime locations in Kampala City has remained stable for the past six months. Property agency firm, Knight Frank has attributed this to the increasing number of tenants seeking …
Read More »The Independent’s Khisa wins APO invite for Africa Hotel Investment forum
Kampala, Uganda | THE INDEPENDENT | APO Group, the leading media relations consultancy and press release distribution service in Africa and the Middle East, has announced The Independent journalist’s Isaac Khisa winner of its 2019 Africa Hotel Investment Forum (AHIF) award. The winner gets an invitation, fully paid, to attend the 2019 …
Read More »MTN Uganda records 30.5% growth in revenue to Shs765bn
Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …
Read More »Behind Sudhir win
Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …
Read More »Crane Bank ‘ghosts’ haunts dfcu
The lender has recorded a drop in profits again Kampala, Uganda | ISAAC KHISA | Did dfcu mess up its growth trajectory with the acquisition of Crane Bank assets? How can it evolve to make more money for the shareholders? dfcu management seems to be grappling with these questions following …
Read More »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
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