COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …
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Xsabo Group plans to invest US$200 million in solar project Kampala, Uganda | JULIUS BUSINGE | Xsabo Group plans to invest US$200million in the generation of solar power to supply to the national grid, according to its Managing Director and Chief Executive Officer, David Alobo. Alobo, who on Jan. 10, …
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New generations could trigger a drop in tariffs Kampala, Uganda | JULIUS BUSINGE | Uganda government is expected to commission Isimba and Karuma hydropower dams this year as one big step towards boosting the elec¬tricity supply in the country. The commissioning of the two hydro¬power plants with a combined capacity of …
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But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …
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Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …
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Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …
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Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …
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Kampala, Uganda | JULIUS BUSINGE | The Chief Executive Officer of Uganda Tourism Board, Stephen Asiimwe is engaging all key players in the tourism sector on possible ways to combat tourism crime as the country eyes more earnings from the sector. “We need to be together in this discussion to deal …
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Kampala, Uganda | JULIUS BUSINGE | Patrick Byabakama Kaberenge, a seasoned banker and retired auditor has been re-appointed as the 11th Chairman Board of Directors for the National Social Security Fund. His new contract, alongside other nine members runs for the next three years. The Independent’s Julius Businge spoke to him …
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There is an opportunity for private sector players to invest in Uganda’s power sector as government moves to connect more people to the national grid. Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako, the Chief Executive Officer at the Electricity Regulatory Authority has told The Independent on the sidelines of a …
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