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Tag Archives: Isaac Khisa

Mergers, acquisitions loom for insurers

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …

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Cipla to raise Shs168bn in IPO

Kampala, Uganda | ISAAC KHISA | Drug manufacturing firm, Cipla Quality Chemical Industries Limited, hopes to raise at least Shs168.56bn through an Initial Public Offer that opened on August 14-24. The firm that is 62.3% owned by India’s Cipla, is offering 657.17million shares at a cost of Shs 256.5 per share. …

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BT Cotton Opportunity

Local players unhappy with govt’s shelving of biotechnology law Kampala, Uganda | ISAAC KHISA | When confined field trials for insect-resistant and herbicide-tolerant BT cotton started at the National Semi Arid Resources Research Institute (NaSARRI) with support from the US-based Monsanto in 2006, researchers thought farmers would no longer worry of …

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Kampala’s surging residential properties

Supply of residential apartments in prime suburbs could exceed demand over the next two years Kampala, Uganda | ISAAC KHISA | Demand for residential properties in the secondary residential surburbs of greater Kampala has risen up on the back of increased stock of newly constructed properties, according to the latest report …

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Investors lose land in industrial parks

Limited access to water, electricity and roads remains a big headache in these areas Kampala, Uganda | ISAAC KHISA | Uganda Investment Authority (UIA) has withdrawn land allocated to 164 firms in the industrial and business parks over the last five years due to non-compliance to the set terms. The Authority’s …

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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 …

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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 …

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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 …

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