UPDF deployment cited in the reduction in illegal fishing Kamapla, Uganda | ISAAC KHISA | Fish lovers can now enjoy the succulent white flesh of Nile Perch or Tilapia from Lake Victoria as the stocks recovers since the Uganda People’s Defence Forces under the Fisheries Protection Unit began policing the water …
Read More »Liquid Telecom now targets start-ups for growth
Kampala, Uganda | ISAAC KHISA | Liquid Telecom Uganda, part of the pan-African telecoms group Liquid Telecom, has partnered with The Innovation Village, a hub and co-working space in Kampala, to support Ugandan start-ups with high-speed internet and cloud-based services. Liquid Telecom Uganda, formerly known as Infocom, will work alongside The …
Read More »UEGCL sees higher profits ahead
The company records Shs 13.9bn loss in 2016 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity generation company, UEGCL, has slipped back into loss making territory a year after it registered a substantial profit in 2015 but the executives say the company has better days ahead. Financial records released in Kampala …
Read More »Slow agriculture insurance uptake
Regulator says aggressive marketing and awareness would reverse the poor performance Kampala, Uganda | ISAAC KHISA | Uganda’s agriculture sector has been associated with many risks – unstable prices, drought, pests and diseases – thus hampering its growth. This prompted the government to unveil a Shs5bn Agriculture Insurance Premium Subsidy Scheme last …
Read More »Government offers licenses to 11 firms to operate in Free Zones
Kampala, Uganda | ISAAC KHISA | Uganda’s balance of payment deficit has remained wide for some time now but there are signs that the gap will soon be reduced as the government issues licenses to developers in Free Zones. Free Zones are geographic areas where raw materials and goods may be …
Read More »Bid Network boosts SME’s
Kampala, Uganda | ISAAC KHISA | Naate Masangazira is the director of BiD Network in Uganda. He spoke to The Independent’s Isaac Khisa about linking the country’s SME’s to the prospective investors. What is BiD Network’s assessment of the SMEs growth in Uganda specifically and in East Africa in general? There …
Read More »UTL on route to recovery
UTL: Managers say revenue is up 7% monthly Kampala, Uganda | ISAAC KHISA | It has been turbulent times for the Uganda Telecom Ltd in the past few years but there are signs that it is finally turning things around since government placed it under provisional administration six months ago. Once …
Read More »Uganda backslides in Doing Business ranking
Hike in trade licence fees and tedious property transfer blamed Kampala, Uganda | ISAAC KHISA | Uganda has slid back in the World Bank’s Ease of Doing Business ranking dropping seven places to 122 out of 190 economies. It is the sixth time in seven years that the East African nation …
Read More »Financial inclusion optimism
What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …
Read More »Stanbic Bank enters insurance business
Kampala, Uganda | ISAAC KHISA | Stanbic Bank has become the first lender to venture into insurance business after Insurance Regulatory Authority of Uganda granted it a bancassurace license on Oct. 25. The lender said it has already signed business deals with seven insurance companies including Sanlam Life, Sanlam General, UAP …
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