Net profit contribution from the business outside Kenya grew to 28% compared with 18% in the previous year Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded 11% drop in profit after tax to Shs 684 bn for the year ended Dec.2020 citing effects of …

  Banking executives expect the industry to rebound citing projected growth in the economy Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep …

The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit …

High investment cost is to blame for low uptake of biogas digesters among the population Kampala, Uganda | ISAAC KHISA | Margaret Atimango, one of the 30 members of Kudinger People Living with HIV/AIDS, no longer wakes up worried on how to prepare meals for her family. Before the Food …

This comes when countries that used to import plastic waste including China and India for recycling are beginning to impose bans Kampala, Uganda | ISAAC KHISA | Plastic Recycling Industries, a subsidiary of Cola Cola Company in partnership with the Nice House of Plastics, Kampala Capital City Authority and Stanbic …

UCAA’s delay in concluding aircraft certification process cited Kampala, Uganda | ISAAC KHISA | State owned Uganda Airlines has secured landing slots at London Heathrow International Airport in the United Kingdom and Dubai International Airport in the United Arab Emirates but it is not ready to start servicing the routes, …

But the source of the precious commodity remains unknown Kampala, Uganda | ISAAC KHISA | Gold has surpassed tourism and coffee to become Uganda’s biggest earner of foreign currency amidst concerns over its source. Latest data from the central bank shows that the east African nation exported 35,943 kilograms of …

Industrial sector rent remains stable as that of office and residential falls Kampala, Uganda | ISAAC KHISA | Rents in industrial sector has remained stable amidst the coronavirus pandemic as that of office and residential sectors take a southward trend. The Knight Frank’s latest Kampala market performance review shows that, …

As Kenya becomes the latest African country to succumb to the economic fallout of the virus, can its economy rebound in 2021 as a deadly second wave sweeps the continent? | TOM COLLINS | Kenya’s economy slumped into a recession for the first time in almost two decades after GDP …

Uganda’s housing deficit stands at 2.4 million units, out of which 210,000 are in urban areas Kampala, Uganda | ISAAC KHISA | Uganda’s Housing Finance Bank has inked a business deal with the Buganda Land Board and the Chinese construction firm, Guoji Group Company, to provide mortgage facilities to prospective …