But analysts caution it’s too early to celebrate Uganda’s banking industry seems to be recovering from the hard economic times experienced in the previous year as commercial banks start to record a surge in profits amid drops  in Non-Performing Loans (NPLs). Available data from commercial banks that have announced their …

BoU’s Mutebile leads call for export driven policy instead Amelia Kyambadde, the Minister for Trade, Industry and Cooperatives, has had a tough time selling her flagship policy plank, the `Buy Uganda Build Uganda’ (BUBU).   But the latest criticism against the policy came from the most unexpected voice; that of the …

Insurance regulator, experts share views at high profile meeting in Kampala How do you convince more Ugandans to buy insurance? That was the main issue discussed during a breakfast meeting for the country’s insurance firms held at Kampala Serena Hotel on Feb.23. The Chief Executive Officer of the Insurance Regulatory …

Libyans vow to take on Uganda after `quitting’ It is not clear what the Uganda government’s plan is since it announced that the Libyan owners of Uganda Telecom Ltd (UTL) have quit, but the move might get dirty if the Libyans instead implement a fight for the company. The government …

Good prices, increasing production excite UCDA A coffee replanting initiative, which started nearly five years ago, is expected to boost the country’s crop volumes starting this year. “We are seeing an increase in the coffee export volumes this year as the crops we started planting more than three years ago …

Faisel Gergab, is chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) that owns 69% stake in UTL. He spoke to The Independent’s Isaac Khisa on the issues surrounding the company’s poor performance and its future outlook, just before government took over its management. How do you …

Proponents of the law say it will ensure a healthy and productive population Uganda’s trader ministry and the Gulu District Local Government are at loggerheads over the latter’s decision to pass an ordinance restricting the sale and consumption of alcohol. Gulu District Councilors enforced an Alcohol Control Ordinance starting last …

The new investor will renovate the facility to tap into growing country’s tourism sector Rwanda’s hospitality industry has received a major boost after Uganda’s Madhvani Group acquired Umubano Hotel, ending a long-running delay that was hurting the credibility of this facility as well as tourism prospects. The 4- star facility …

Dfcu’s new take-over will help expand its footprint countrywide When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible. Crane Bank, set up in 1995, has been the …

Recent hike means current tariff structure could end up killing industries The cost of production in Uganda could soon rise as government continues to increase electricity tariffs amidst dwindling production due to low consumer demand. Analysis by The Independent shows that the  government has increased  electricity tariffs by over 22% …