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Banks 2018 surprise

Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …

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Rwanda to host 2020 Intra-African Trade Fair

Kampala, Uganda | ISAAC KHISA | The inaugural Intra-African Trade Fair (IATF 2018) ended in Cairo on December 17 with the Rwandese capital of Kigali being announced as the host of the 2020 event. Former Nigeria President Chief Olusegun Obasanjo, who is also Chairman of the IATF Advisory Council, made the …

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Turning digital ideas into impact

Kampala, Uganda | ISAAC KHISA | Patrick Adengo is the Managing Director at the Stalworth Consulting Group, LLC. He spoke to The Independent’s Isaac Khisa about the company operations and digital and technology sector related issues. How would you describe Stalworth Consulting Group, LLC? Stalworth Consulting Group (SCG) is a management and strategy consulting firm …

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AIG is back

  Will American firm regain its top position? Kampala, Uganda | ISAAC KHISA | The American Insurance Group (AIG) has re-entered the Ugandan market, exactly two years after its exit, citing a re-alignment of its global business strategy. Local industry players have naturally warmed up to AIG’s re-entry into Uganda saying …

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Afreximbank seeks to recruit 700 banks as agents

Kampala, Uganda | ISAAC KHISA | Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank’s Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …

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KQ opens E. African skies to United States

Kampala, Uganda | ISAAC KHISA & AGENCIES | The newly unveiled Kenya Airways non-stop daily flights between Nairobi and New York is set to open up the East African skies to the United States, making a milestone development in travel and tourism business in the region. The carrier’s long-awaited inaugural flight …

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