Tag Archives: Business

Why is country mortgaging her future by relying on external borrowing rather than tax revenue? COMMENT | MUSA MAYANJA LWANGA & FLORENCE NAKAZI | In the recent past, owing to Uganda’s many development needs including large infrastructure projects and expanding public administration costs, government expenditure has significantly exceeded revenue collection. This has …

New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …

MTN licence expires: Dirty details of Uganda telecom sector exposed Kampala, Uganda | HAGGAI MATSIKO | Uganda’s largest telecom company, MTN Uganda is caught up in a fight to secure the renewal of its licence which expires this year, The Independent can reveal. With 55 percent of telecom market share …

Kampala, Uganda | THE INDEPENDENT | Sennheiser has announced its priciest headphones yet — a pair of $3,000 (Approx. Shs11 million) glass-covered portable headphones aimed at the hardcore audiophile. The HD 820, is a pair of wired headphones that go over your ears and according to Sennheiser, serve up “astonishingly …

Kampala, Uganda | THE INDEPENDENT | Maize flour prices in Kenya has increased by nearly third to Ksh 115 for the two kilogramme packet since the millers exhausted subsidised flour stocks. The country’s media reports indicate that the top retailers including Uchumi and Tuskys have exhausted the Ksh90 maize flour …

Kampala, Uganda | THE INDEPENDENT | Serena Hotels is set to expand into the Democratic Republic of Congo with the opening of a new property located on the shore of Lake Kivu in Goma. Reports indicate that the new property consists of 100 rooms and suits. At the same time, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Blood Transfusion Service (UBTS) has received a huge boost after the National Social Security Fund in partnership with Equity Bank unveiled a week long blood donation drive on Jan.08. The initiative is expected to collect at least 4,500 units, according to the NSSF …

Kampala, Uganda | THE INDEPENDENT | Ethiopia’s national carrier, Ethiopian Airlines, has eased airt ticketing with the launch of a mobile application. The airline said passengers originating from Addis Ababa will now have the option to effect the payment either through mobile payment or internet banking. This new initiative will …

Washington, United States | AFP | Healthy retail sales in 2017 are another sign of the growing strength of the US economy, but inflation was slower than expected, according to the latest government data released Friday. This combination of solid economic growth and consumer spending, that has come with falling …

Kampala, Uganda | THE INDEPENDENT | Emirates’ new Boeing 777-300ER aircraft fitted with its game changing fully enclosed private suites in First Class, as well as refreshed Business and Economy Class cabins, has now entered service, to the delight of customers. The new Emirates cabins were unveiled for the first …