Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …

New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …

It remains unclear on how much consumers will pay for the electricity generated even as UEGCL plans to sell electricity to the national grid at US4 cents per unit Kampala, Uganda | ISAAC KHISA | The multi-billion dollar Community Development Action Plan at Isimba Hydropower Project has started, clearing the …

New initiative expected to drive the company’s revenue growth Kampala, Uganda | ISAAC KHISA | Airtel Uganda has unveiled a fourth generation (4G) internet services, stepping up the battle for customers in country’s telecommunication market. MTN Uganda and Africell unveiled their 4G services in 2015 and 2016 respectively, with the …

Mazima Retirement Plan was in 2016 granted an operating licence by the industry regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The company’s CEO Livingstone Mukasa spoke to the Independent’s Isaac Khisa about the progress registered in promoting voluntary retirement plans targeting informal sector and the opportunities that lies ahead. Two …

The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …

`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …

Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …

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 …

Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …