Business

By Joseph Were Reeling from a 5% drop in year-on-year net profit amid increasing costs and stiffer competition, East African Breweries Ltd who are the makers of the Bell beer brand among others in Uganda, is mooting a price hike. ‘The possibility to put up prices exists too in Uganda …

By Patrick Kagenda Many have known it for sometime but latest figures from the Uganda Bureau of Statics (UBOS) show the full extent of the current nationwide drought on consumer prices. The UBOS, which are based on statistics regarding the general change in prices of pre-selected consumer items in July, …

  By Patrick Kagenda Money transfer service company Dahabshiil is investing in technologies to provide both 24-hour online transfers, SMS notification to customers, and guarantee security in excess international protocols and procedures aimed at combating terrorism, money laundering and other illegal usage. The Independent’s Patrick Kagenda talked to Ibrahim A. …

By Charles Onyango Obbo Andrew Mwenda’s ‘A Tale Of Two Presidents, Two Nations and Two Revolutions‘ has generated a lot of debate. On one hand you have Rwanda’s President Kagame, who has the image of being iron-fisted, and leads a poor country that has been able to make far-reaching achievements, …

By Patrick Kagenda Government says 2 new companies coming The Uganda National Bureau of Standards and ministry of Works Laboratories find no quality problems with it but imported cement from Pakistan has local producers worried. A combination of rising costs of production, low supply and growing demand pushed the price …

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …

By Patrick Kagenda MultiChoice Uganda General Manager Charles Hamya tells The Independent’s Patrick Kagenda why the Ugandan housing set-up and bench-marking the best internationally favours satellite against cable TV locally. How do you intend to use the fiber optic cable to ease access of your services to the Ugandans? The …

By The Independent Team FITCH ratings have affirmed MTN Group Limited’s National Long-term ratings at AA, with Stable Outlook. The rating agency said the affirmation reflects strong subscriber growth in MTN’s markets that have relatively low mobile penetration. The Stable Outlook reflects Fitch’s view that MTN’s business profile remains well …

By Joseph Were Stanbic Bank Uganda is learning the hard way that this is not a good time to attempt to raise funds on the equity market thanks to lingering after shocks of the global financial crisis. Its 7-year Shs 30 billion bond that was privately placed among institutions and …

By Mmegi Online Stanbic Bank Botswana’s Head of Corporate Banking, Jessica Gadimang, has been appointed the new Non-Bank Financial Institutions Sector Head for Stanbic Africa concentrating on franchises outside South Africa. The appointment is effective July 1. According to a statement, the move is in line with Stanbic Bank’s active …