Kampala, Uganda | JULIUS BUSINGE | Esteeri Kabonero is the managing director for Powah Limited, a solar solutions energy company operating in Uganda. She spoke to The Independent’s Julius Businge about the recent grant that they obtained from Trade and Development Bank (TDB) formerly known as the PTA Bank to go …
Read More »BATU half- year profit rises to Shs6.2bn
Kampala, Uganda | ISAAC KHISA | High operating profits coupled with lower financing costs helped the tobacco maker, British American Tobacco, to record a 77% rise in net profit to Shs6.2bn for the half year ending June 30. The latest financial results shows that the company recorded an increase in the …
Read More »Insurer boosts Uganda’s renewable energy projects
The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …
Read More »Africa-India trade decline to US$55bn-Report
Uganda plans to intensify relations in trade, tourism and investment Kampala, Uganda | JULIUS BUSINGE | Trade between Africa and India has recorded a 30% decline in volume from US$78billion in 2014 to about $55 billion in 2017 citing a tough economic environment. However, this was more than seven times higher …
Read More »UBA to unveil mobile, agent banking this month
Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, plans to roll out its mobile banking platform mid this month and later agent banking to facilitate customer convenience and also tap into the unbanked population. UBA Uganda CEO Johnson Agoreyo said the lender is in the final stage …
Read More »Tackling economic growth bottlenecks
National Planning Authority boss outlines weaknesses in Uganda’s development agenda, shares solutions Kampala, Uganda | JULIUS BUSINGE | Kisamba Mugerwa, the chairperson of National Planning Authority (NPA), is a well-known speaker on matters Uganda’s journey to the middle income status. It was the same on July 18 as he delivered a …
Read More »New Afreximbank’s online platform connects investors to banks
Failure to submit and update relevant documents risks making the platform irrelevant Kampala, Uganda | ISAAC KHISA | Despite the fact that Africa continues to receive high levels of interest as an investment destination from investors across the globe, access to data remains a big challenge to enable them …
Read More »Pension assets nearly double in three years
Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …
Read More »Banks demand quick reforms in insurance, ICT
Kampala, Uganda | JULIUS BUSINGE | Commercial banks under their umbrella organization, Uganda Bankers Association (UBA) are demanding reforms from government in key sectors of agriculture, information technology; insurance and debt repayment to enable them thrive in tough economic times. Patrick Mweheire, the chairperson of UBA and the Chief Executive, Stanbic …
Read More »Afreximbank, AfDB seals pact for grant to support African factoring firms
Kampala, Uganda | ISAAC KHISA | The cairo-based African Export-Import Bank (Afreximbank) has entered into an agreement under which the African Development Bank will provide it with a $500,000 grant from its African Private Sector Assistance (FAPA) programme to be used in supporting emerging factoring firms in Africa. A factoring …
Read More »