Art market maintains surge amidst Covid-19 pandemic Storm Kampala, Uganda | DOMINIC MUWANGUZI | Well, the Covid- 19 pandemic will not affect the booming art market for contemporary art from Africa. This to many may come as a big surprise compared to how the pandemic has severed several businesses across …
Read More »East African Breweries revenue up 15%
East African Breweries Limited (EABL) recorded 15% growth in revenue to Kshs86.0 billion for the year ended June 2021. | THE INDEPENDENT | Profit before tax was up 2% to Ksh10.9 billion. The slower profit growth rate was driven by the impact of cost inflation, adverse foreign exchange impact and …
Read More »More borrowers seek credit from banks
The second wave of the pandemic pose downside risks to credit growth Kampala, Uganda | JULIUS BUSINGE | Banks have recently received more loan applications and extended more credit to borrowers amidst the coronavirus pandemic. This is good for jumpstarting the economy that has been hit by COVID-19 lockdowns. Till …
Read More »Predicting COVID-19 increases
Here’s the tool Ugandan scientists are using to predict cases, lockdowns, and reopening | THE INDEPENDENT | One of the obstacles if you are trying to guide policy and protect people from COVID-19 is the bewildering amount of data available every day. We are awash in information, but everyone wants …
Read More »Re-opening schools post-Covid-19
Insights from Uwezo Surveys in Uganda Kampala, Uganda | MARY GORETTI NAKABUGO | Covid-19 has forced an unprecedented level of school closures, affecting more than 1.7 billion learners around the world. Now, a question of growing concern is how governments should be planning for the re-opening of schools. Education systems …
Read More »Russian vehicle tracking deal
How Museveni letter trapped Muhwezi Kampala, Uganda | THE INDEPENDENT | On Tuesday July 27, the new Minister for security, Maj. Gen. Jim Muhwezi made a humbling return to the headlines of Ugandan news media when he made a statement to parliament regarding the controversial vehicle tracking deal between Uganda …
Read More »MPs, enjoy your monster rides as we suffer
God is watching as MPs cruise in Shs200 million vehicles to burials of unvaccinated voters who die of COVID-19 COMMENT | MICHAEL WOIRA | We are at a time when everyone is seated at home; very worried and sad, because they are not working and they are financially out …
Read More »M-KOPA expands into Nigeria
Nairobi-based lender M-KOPA is expanding into the Nigerian market, and have hired an ex-Andela executive for the job | DAVID THOMAS | Kenya’s M-KOPA, which offers underbanked customers finance to acquire solar lighting, smartphones, TVs and domestic appliances, is expanding into Nigeria after a successful pilot project. M-KOPA, which means …
Read More »Umeme, Stanbic dominate Uganda bourse trading
Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, …
Read More »Billionaire’s space race
Leaving planet earth in crisis is a terrible idea? | THE INDEPENDENT | The four minutes billionaires Sir Richard Branson and Jeff Bezos spent in a state of weightlessness on the edge of space recently were historic feats in the burgeoning space tourism business, but many critics say Branson, Bezos …
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