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Tag Archives: growth

UEGCL charts course for growth and sustainability in ambitious 2028 strategic plan

The company’s financial performance for the fiscal year 2022/2023 demonstrated robust growth, with a remarkable 63% increase in revenue, reaching Shs343.7 billion Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) is poised for transformative growth and sustainability as it implements its strategic plan for the period …

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Afreximbank records 8% asset growth

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has recorded an 8% growth in assets to $30.1 billion for the six months ending June 30, 2023, driven by an increase in loans. The lender recorded a substantial growth in total interest income, which soared by an impressive …

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GA insurance is open to organic growth

Kampala, Uganda | PATRICIA AKANKWATSA | Francis Kamau is the CEO of GA Insurance. He spoke to The Independent’s Patricia Akankwatsa in an interview about Uganda’s insurance growth prospects. GA Insurance entered the Ugandan market through the acquisition of Nova Insurance Company nearly four years ago. How has business been so …

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Lost decade for global economy

Can the world avoid annual global growth falling to a three-decade low of 2.2% and remain weak? COMMENT | KAUSHIK BASU | The Spring Meetings of the World Bank and International Monetary Fund usually provide a platform for various organisations, policymakers, and commentators to reflect on the state of the …

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Stanbic’s latest PMI shows no job growth

Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …

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IOM calls for seamless intra-African labor mobility to spur growth

Nairobi, Kenya | Xinhua | African countries should enact policy and legislative instruments that facilitate seamless cross-border movement of the skilled labor force in order to realize economic growth, stability and cohesion, the International Organization for Migration (IOM) officials said Thursday. Mohammed Abdiker, the director of the IOM’s Regional Office for East …

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