Abuja, Nigerai | ISAAC KHISA | South Africa’s President, Cyril Ramaphosa, has urged Nigeria to sign the African Continental Free Trade Area (AfCFTA) to create a single continental market for goods and services in member nations, with free movement of persons and investments. Ramaphosa, who was the chief quest during …
Read More »Uganda’s ambitious revenue target for FY 2018/19
URA to collect Shs16.3tnas experts worry about some proposed taxes Kampala, Uganda | ISAAC KHISA | Newly proposed taxes and enhanced revenue collection measures could help the taxman collect an additional Shs1.9trillion to hit the new Shs16.3trillion revenue target. The government has tasked the Uganda Revenue Authority (URA) to collect more money in …
Read More »Uganda Clays steady profit growth
Competition from other clay products makers threatens its further increase in sales Kampala, Uganda | ISAAC KHISA | Clay products maker, Uganda Clays Limited (UCL), has recorded a steady profit growth for the second year running citing increased marketing and the decision by the majority shareholder, National Social Security Fund, …
Read More »Beer boom
Nile Breweries Limited spending US$22million to match sales growth Kampala, Uganda | ISAAC KHISA | A few months ago, a highly respected and accomplished director for Nile Breweries Limited, a subsidiary of the Belgium based Anheuser-Busch InBev NV, popularly known as AB InBev, resigned. His name could be familiar to you …
Read More »Rent law: Good intentions, bad incentives for property market
The proposed law will make rent expensive Kampala, Uganda | ISAAC KHISA | John Kityo has been experiencing some tough times in renting a room for his small business in downtown Kampala. The 30-year old has rented seven different places as a result of sudden rent increments. So when Dr. …
Read More »Safaricom backed Little-Ride to expand to 30 countries
Kampala, Uganda | ISAAC KHISA | Kamal Budhabhatti is the founder and CEO of Craft Silicon, a Kenyan software company with a local base and global aspirations that is steadily making inroads in the world of financial technology as well as transport. He spoke to The Independent’s Isaac Khisa about their …
Read More »Uganda’s banks brace for tough year again?
Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
Read More »Uganda’s economy on a slow recovery path
But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …
Read More »Jambojet widens payment options for its customers
Kampala, Uganda | ISAAC KHISA | Kenya Airways subsidiary, Jambojet, has widened ticket payments options with the introduction of MTN and Airtel Money services. This will enable travelers to book flights online, at call center or at their offices using the two mobile money optionsand obtain an e-ticket. Jambojetrecently launched its …
Read More »Ligormac Advocates broaden their legal services
Kampala, Uganda | ISAAC KHISA | Uganda’s corporate law firm, Ligormac Advocates, has broadened its legal services with the inclusion of tax related advisory services to customers. This comes barely four months since the firm entered into a collaboration with the US-based Andersen Tax and the Andersen Global that has nearly …
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