How management intend to turnaround performance going forward Kampala, Uganda | JULIUS BUSINGE | The rise in revenue expenditure and emoluments for staff cut the profitability of Uganda Clays Limited (UCL) for the last six months ending June 30, 2018. However, the company eyes a bright future due to new outlets …
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Fund pays 15% interest to members, the highest in history Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund rarely misses the opportunity to boast about the billions of shillings it rewards to its members every year in form of interest income. This was the same situation on August 28 …
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Why government needs to think beyond Shs100bn loan facility Kampala, Uganda | JULIUS BUSINGE | The government recently made a policy announcement targeting maize farmers and traders. It promised to provide Shs100bn as loan facility, through the Bank of Uganda’s Agriculture Credit Facility to maize traders to enable them buy the …
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Bank’s CEO is optimistic that the second half will be better Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has recorded same net profit in the half year of 2018 as it was last year, underscoring how the industry is struggling to grow in the era of low interest rates and …
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Kampala, Uganda | JULIUS BUSINGE | DHL is a global brand in the logistics industry with operations in more than 220 countries including Uganda. The Independent’s Julius Businge spoke to Fatma Abubakar, the country manager for DHL Uganda on the sidelines of an e-commerce workshop held at its headquarters in Kampala …
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Bigger firms choke smaller and new telcos Kampala, Uganda | JULIUS BUSINGE | A few days to implementation of the social media tax, commonly referred to as Over the Top (OTT) on July 1, 2018, three largest telecom firms – MTN, Airtel and Africell issued a joint statement to guide its …
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Analysts anticipate some buzz on market that last had listing in 2012 Kampala, Uganda | JULIUS BUSINGE | Uganda’s Securities Exchange market is set to experience some new buzz again as the long awaited drug maker, Cipla Quality Chemical Industries Ltd (CiplaQCIL), makes an Initial Public Offering this month. The company …
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Kampala, Uganda | JULIUS BUSINGE | Esteeri Kabonero is the managing director for Powah Limited, a solar solutions energy company operating in Uganda. She spoke to The Independent’s Julius Businge about the recent grant that they obtained from Trade and Development Bank (TDB) formerly known as the PTA Bank to go …
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US$80million available for specialists in 4 African countries Kampala, Uganda | JULIUS BUSINGE | Andela, a global engineering firm based in New York, has raised US$80million in venture funding to mentor software developers in the four African countries where it operates; Rwanda, Uganda, Kenya and Nigeria. The firm invests in Africa’s …
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Uganda plans to intensify relations in trade, tourism and investment Kampala, Uganda | JULIUS BUSINGE | Trade between Africa and India has recorded a 30% decline in volume from US$78billion in 2014 to about $55 billion in 2017 citing a tough economic environment. However, this was more than seven times higher …
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