But diesel could see even higher demand kampala, Uganda | MOTORING GURU | You have always eyed the BMW series but could not afford it because, well, it comes at a price. So when you heard of the growing unpopularity of diesel cars in the UK where the BMW is the …
Read More »Taxify eyes bigger market
Kampala, Uganda | JULIUS BUSINGE | Julian Byamugisha is the Head of Taxify Uganda, which also operates in 23 other countries globally. She spoke to The Independent’s Julius Businge about company operations What has business been like for the last six months you have been in operation? We have moved people …
Read More »Rent law: Good intentions, bad incentives for property market
The proposed law will make rent expensive Kampala, Uganda | ISAAC KHISA | John Kityo has been experiencing some tough times in renting a room for his small business in downtown Kampala. The 30-year old has rented seven different places as a result of sudden rent increments. So when Dr. …
Read More »EA governments urged to use Stock Market to raise capital
Kampala, Uganda | THE INDEPENDENT | The East African governments have been urged to use the Stock Exchanges to raise capital especially through issuance of large Initial Public Offers (IPOs) that can only come from the public sector. Geoffrey Odundo, the CEO for the Nairobi Securities Exchange (NSE), said there is …
Read More »Shoprite eye Kenya’s retail market
Kampala, Uganda | THE INDEPENDENT | South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – …
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 »‘Panty Condom’ hits Ugandan market
Experts say it is more pleasurable and puts power in the hands of women Kampala, Uganda | FLAVIA NASSAKA | A new condom said to be more pleasurable is undergoing tests to be used in Uganda. The ‘panty condom’, as it is called, has already been given a greenlight by the …
Read More »Property market in Uganda more stable- Knight Frank
Kampala, Uganda | THE INDEPENDENT | The property market in Uganda has not recovered to its past glory but it is more stable and less volatile than it was two years ago, according to a market update by Knight Frank Uganda, a real estate consultancy firm. It adds that many of …
Read More »Uganda’s financial market ranked 10th in Africa
Kampala, Uganda | ISAAC KHISA | Uganda’s financial market has been ranked 10th with a score of 47%, a head of Tanzania in the East African Community in the inaugural Barclays Africa Group Financial Markets Index 2017. The survey that was conducted in 17 African countries that account for 60% of …
Read More »Bitcoin suffers dramatic price plunge in Asia
Tokyo, Japan | AFP | Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a …
Read More »