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Kenya’s pension firm enters Uganda’s market

Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …

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Bus transport business hit hard by changes at Rwanda border

Kampala, Uganda | THE INDEPENDENT | Trinity Bus Company has resumed service across the Uganda-Rwanda border, but are struggling due to new restrictions. A Trinity Bus official told our reporter on condition of anonymity that they were allowed by security and Rwanda Revenue Authority officials to cross from Rwanda to …

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URA warns about stuck trucks, Rwanda yet to respond

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has warned that goods on stuck trucks at the border could be lost, while others pose a danger. Many of the trucks are carrying perishable goods such as mangoes and cassava and others were carrying petroleum products.  Ten Rwanda registered trucks, 47 …

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KCB Bank aids 20 business club members to Tokyo

Kampala, Uganda | JULIUS BUSINGE | Twenty members of KCB Bank Uganda’s Business Club at the weekend flew to Tokyo, Japan as part of the bank’s annual entrepreneurial drive. In Japan, the members will meet possible suppliers and marketers for their goods and services and also see cheaper technologies that …

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Afreximbank opens registration for 2019 annual meetings

Kampala, Uganda | THE INDEPENDENT | Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting …

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BATU records Shs13.7bn net profit

Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …

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