Kampala, Uganda | ISAAC KHISA | Last June, multilateral insurer, African Trade and Insurance Agency, paid its first dividend worth US$2.5 million to 14 shareholder governments including Uganda. The firms CEO George Otieno spoke to The Independent’s Isaac Khisa about the firm’s future prospects. What is your management philosophy? I really …
Read More »New paint battle
Crown Paint, Sadolin, in direct attack on Plascon Kampala, Uganda | ISAAC KHISA | The ‘paint war’ is heating up as two brands – Regal paints and Sadolin – fight the new entrant, Kansai Plascon, to gain a significant market share. Plascon, which acquired the assets of the holders of Sadolin …
Read More »Africa’s insurance industry is poised for further growth – PwC insurance survey
Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …
Read More »Umeme’s profit rebound
Big industries boost company sales in first half of 2018 Kampala, Uganda | ISAAC KHISA |Â There is good news at Umeme Limited. The power distributor has recorded an increase in net profit by Shs20bn to Shs61 billion in the first half of 2018 compared to the same period a year …
Read More »Shoprite to open new outlet in Bugolobi
Kampala, Uganda | ISAAC KHISA | South Africa’s retail chain, Shoprite, has taken up the advantage of the exit of Kenya’s biggest retail chains to cement its foot print in Kampala. Two of Kenya’s top retail chains – Uchumi and Nakumatt –exited the Ugandan retail chain market in the past three …
Read More »Rethink Kampala’s street vendors
Kampala, Uganda | ISAAC KHISA | Hala Al-Karib is the regional director for the Strategic Initiative for Women in the Horn of Africa (SIHA), an organization that seeks to unlock potential of women’s rights movement. She spoke to The Independent’s Isaac Khisa about street vending in Kampala. What is your management …
Read More »Mergers, acquisitions loom for insurers
Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …
Read More »Cipla to raise Shs168bn in IPO
Kampala, Uganda | ISAAC KHISA | Drug manufacturing firm, Cipla Quality Chemical Industries Limited, hopes to raise at least Shs168.56bn through an Initial Public Offer that opened on August 14-24. The firm that is 62.3% owned by India’s Cipla, is offering 657.17million shares at a cost of Shs 256.5 per share. …
Read More »BT Cotton Opportunity
Local players unhappy with govt’s shelving of biotechnology law Kampala, Uganda | ISAAC KHISA | When confined field trials for insect-resistant and herbicide-tolerant BT cotton started at the National Semi Arid Resources Research Institute (NaSARRI) with support from the US-based Monsanto in 2006, researchers thought farmers would no longer worry of …
Read More »Kampala’s surging residential properties
Supply of residential apartments in prime suburbs could exceed demand over the next two years Kampala, Uganda | ISAAC KHISA |Â Demand for residential properties in the secondary residential surburbs of greater Kampala has risen up on the back of increased stock of newly constructed properties, according to the latest report …
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