Tag Archives: Julius Businge

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 …

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 …

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 …

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 …

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 …

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks under their umbrella organization, Uganda Bankers Association (UBA) are demanding reforms from government in key sectors of agriculture, information technology; insurance and debt repayment to enable them thrive in tough economic times. Patrick Mweheire, the chairperson of UBA and the Chief Executive, Stanbic …

COMESA: Uganda faulted for delaying to formulate competition law to facilitate fair trade   Nairobi, Kenya | JULIUS BUSINGE | One of the key objectives of competition policy is to promote consumer welfare by encouraging healthy competition among businesses in the Common Market for Eastern and Southern Africa. This is through …

Tax body to save Shs3.8bn upon completion of the project Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority (URA) is expected to save at least Shs 3.8bn in annual rent upon completion of its office complex in Nakawa, Kampala. The ongoing construction works of the Shs 139bn URA Tower is …

Kampala, Uganda |  JULIUS BUSINGE | International Distillers Uganda (IDU), a subsidiary of Uganda Breweries Limited, has opened a glass bottling line at its spirits manufacturing plant ahead of the alcohol ban sold in sachets in March next year. The new facility has a capacity to handle 6,000 bottles per hour …