Business

Sam Mwogeza is the head, Consumer and High Net Customers at Stanbic Bank Uganda. He spoke to The Independent about the lender’s plan to finance the country’s economic comeback from the pandemic. You have had a successful first half of the year, judging by your Shs 154.9bn net profit. Does …

Innovation needs to speed up FEATURE | EDUCATION | Long before the second wave of the pandemic, questions about the future of education dominated public discourse in Uganda. Shamim Nirere of Izere Education not only had the question lingering on her mind, she found some answers too. “The future of …

The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …

Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …

Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the …

Kampala, Uganda | THE INDEPENDENT | The 12th edition of the CEO Summit will be held virtually on September 17th, 2021. The CEO Summit, the largest gathering of Uganda’s leaders and private sector decision-makers, will bring together 200 corporate sector leaders from the private sector, the civil society, and the public …

Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …

Dar es Salaam, Tanzania | AIRSPACE AFRICA | Uganda Airlines is finalizing negotiations with Air Tanzania and Precision Air to seal interline partnerships and enhance collaboration within the region According to aviation website Airspace Africa  , the news was revealed by the Ugandan national carrier’s country manager for Tanzania, Lucy Ismail while …

Kampala, Uganda | THE INDEPENDENT | Kampala City Traders Associations say this will protest against the new tax policy on imported textile fabrics and garments. The traders say they are considering several actions to show displeasure over the textile tax, and also the failure by landlords to waive rent arrears …

Dar, Tanzania | Xinhua  | The United Nations Industrial Development Organization (UNIDO) has reaffirmed its support to industrialization drive in the East African Community (EAC) region, the EAC said in a statement on Saturday. The statement issued by the EAC headquarters in the northern city of Arusha said the reaffirmation …