Government move to stop telcos from selling SIM cards through agents could hurt the company’s revenue going forward Kampala, Uganda | ISAAC KHISA | MTN’s subsidiary in Uganda has recorded a surge in revenue for the year ended December 2017 amidst a sharp fall in subscriber base. The full year performance results …
Read More »20 companies on board for NSSF Kampala Hash run
Kampala, Uganda | ISAAC KHISA | Over 20 companies have so far signed up for the NSSF Kampala Hash run that is aimed at raising Shs 400 million for the renovations of selected public schools in Kampala. The money collected will go towards helping Kampala Capital City Authority (KCCA) renovate schools under its …
Read More »Why Barclays is re-branding as Absa
The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
Read More »Stanbic Bank Uganda seeks to become a Bank Holding Company
The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
Read More »European bank extends US$29.6mn to Rwandan SMEs
Kampala, Uganda | ISAAC KHISA | The European Investment Bank (EIB) has extended US$29.6million (€24million) loan to two local banks for financing small and medium sized firms in Rwanda. The bank signed the US$19million loan with the Development Bank of Rwanda and another one with I&M Bank of Rwanda at US$10milllion. …
Read More »Slow oil and gas development hurts logistics industry
Kampala, Uganda | ISAAC KHISA | Joram Nyanzi is the managing director of Kenlloyd Logistics Uganda Ltd. He spoke to Isaac Khisa about the performance and prospects of the region’s logistics industry. What is your management style as the managing director? I am a strong believer in human resource in an …
Read More »Uganda’s telecom market too small for seven players?
Kampala, Uganda | ISAAC KHISA | Senior executives in Uganda’s leading telecom companies have always said the country’s mobile phone market has room to grow but it is too small to support all of the seven telcoms. And the assertion seem to have come to pass, with the British based telecom, …
Read More »Village Enterprise driving entrepreneurship
Kampala, Uganda | ISAAC KHISA | Dianne Calvi is the CEO of Village Enterprise with operations in Uganda and Kenya. She spoke to Isaac Khisa about the new innovations in fighting poverty in rural areas. What is your management style as the CEO? I am an informal manager who believes that …
Read More »Expect further rise in fuel prices – Hashi Energy MD
Kampala, Uganda | ISAAC KHISA | Peter Onasis Ochieng’ is the managing director of Hashi Energy. He spoke to The Independent’s Isaac Khisa about the current surge in fuel prices and the industry’s future outlook. What explains the current trend of increase in fuel prices in Uganda and the region? …
Read More »Rwanda records US$1.67bn in investments in 2017
Over 38,261 jobs to be created in eight sectors Kampala, Uganda | ISAAC KHISA | Rwanda recorded a 30.7% growth in investment to US$1.675bn last year compared with the previous year, data from the country’s promotion agency, Rwanda Development Board (RDB) shows. According to the data, three sectors – construction and …
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