Experts say incorporating ESG principles in their operations no longer an option Kampala, Uganda | ISAAC KHISA | Insurance companies have always played a crucial role in ensuring the stability of economies, offering businesses and property owners a safety net against unforeseen events. However, as climate change accelerates and its impacts …
Read More »African-Caribbean trade ties: A new era of economic collaboration
ITC statistics show that trade between Africa and the Caribbean is limited and concentrated in a few sectors, notably minerals and chemicals ANALYSIS | ISAAC KHISA | African-Caribbean trade ties have remained largely unexplored for many years, despite a shared history and culture. Both regions have historically focused on solidifying relationships …
Read More »Uganda’s economy to grow 6.2% in the FY2024/2025, says World Bank
The government need to invest more resources in education, health, and social protection to benefit from the demographic dividend Kampala, Uganda | ISAAC KHISA | The World Bank has projected Uganda’s economy to grow faster by 6.2% in FY24/25, accelerating to 7% in the medium term, driven by investments in oil …
Read More »How Aliko Dangote overcame oil mafias, banks to build a refinery in Nigeria
The oil firm borrowed $5.5 billion and has since paid interest and some principal of over $2.4 billion ANALYSIS | ISAAC KHISA & AGENCIES | Global and local oil mafias, alongside international banking interests, attempted to thwart the establishment of a major oil refinery in Nigeria, according to Nigerian industrialists, Aliko …
Read More »Intra-African trade values hit US$192 billion
However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …
Read More »Inside Uganda’s industrial boom
Trade experts recognize progress made but express dissatisfaction with existing trade and investment policies Kampala, Uganda | ISAAC KHISA | In the late 1990s, the Ugandan government came up with the idea of establishing specialized zones dedicated to industries, commonly known as industrial and business parks, where local and foreign investors would …
Read More »Harnessing SACCOs for insurance expansion
Africa has a combined SACCO membership of more than 43 million, holding about USD 24.5 billion in assets Kampala, Uganda | ISAAC KHISA | In an ever-evolving financial landscape, Savings and Credit Cooperative Societies (SACCOs) are emerging as impactful entities, harnessing influence grounded in community trust and convenience to bring about …
Read More »Demand for loans surges as lending rates reduce
Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, …
Read More »Uganda secures Shs958bn loan to improve rural transport and facilitate regional integration
African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …
Read More »Government creates fuel import monopoly
Analysts hail UNOC’s ambitions but reality of fuel business complex COVER STORY | ISAAC KHISA | The decision by the government of Uganda to directly enter the oil importation and cut out middle players has blown a cloud of uncertainty in the US$2 billion business that is the heartbeat of the …
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