As Kenya becomes the latest African country to succumb to the economic fallout of the virus, can its economy rebound in 2021 as a deadly second wave sweeps the continent? | TOM COLLINS | Kenya’s economy slumped into a recession for the first time in almost two decades after GDP …
Read More »Housing Finance Bank inks housing deal with Buganda Kingdom
Uganda’s housing deficit stands at 2.4 million units, out of which 210,000 are in urban areas Kampala, Uganda | ISAAC KHISA | Uganda’s Housing Finance Bank has inked a business deal with the Buganda Land Board and the Chinese construction firm, Guoji Group Company, to provide mortgage facilities to prospective …
Read More »Internet shutdown: Consumers can sue telecom firms for breach of contracts during the elections
Kampala, Uganda | THE INDEPENDENT | Isaac Khisa | Uganda has concluded the 2021 General Election with the voting of the president, MPs and the Local Councils. Charity Ahimbisibwe, the National Coordinator at the Citizens Coalition for Electoral Democracy in Uganda (CCEDU) spoke to The Independent’s Isaac Khisa in an exclusive …
Read More »Uganda turns to foreign lenders again to secure Shs 10.3 trillion
But isn’t the country’s public debt gravitating towards a crisis? Kampala, Uganda | ISAAC KHISA | The National Resistance Movement administration plans to borrow Shs10.3trillion from external lenders in the FY 2021/22 that starts in July, according to the latest Budget Framework Paper, maintaining the country’s momentum towards the debt crisis …
Read More »Banks see a positive outlook this New Year
Uganda’s economy is slowly opening up amidst coronavirus pandemic, rising hope for the banking industry’s quick recovery. The Independent’s Isaac Khisa caught up with the Absa Bank Uganda Managing Director, Mumba Kalifungwa, and shares the industry’s projected performance and the future outlook. What do you make of Uganda’s banking industry …
Read More »Uganda Airlines tightens up competition in the region’s aviation market
The carrier takes on Kenya Airways, RwandAir, Air Tanzania and Ethiopian Airlines which dominates the new routes Kampala, Uganda | ISAAC KHISA | Uganda’s national carrier, Uganda Airlines, is set to tighten competition in the East Africa’s aviation market with the unveiling of new routes. The carrier has announced …
Read More »Ugandan banks not yet out of the woods
The real impact of COVID-19 pandemic on banks will be seen in the second or third quarter of next year Kampala, Uganda | ISAAC KHISA | Ugandan commercial banks may believe that they are headed for recovery amid the novel coronavirus pandemic but the headwinds are still big, said Tumubweine …
Read More »Covid-19 pushes African airlines to the brink
Covid-19 pandemic has taken a heavy toll on Africa’s airlines, but some analysts suggest that a more streamlined industry offering better services could emerge | CHARLIE MITCHELL | After gaining independence, the old saying went, African countries first needed a currency, then an anthem, then an airline. Currently, airlines – …
Read More »Billions of COVID-19 response money lost?
Health ministry, audits give conflicting figures Kampala, Uganda | ISAAC KHISA | As Ugandans began contracting the novel coronavirus, President Yoweri Museveni on April.03, made an appeal for public solidarity in support of the health care system that was already in a crisis due to limited funding. Dozens of companies …
Read More »New United Bank for Africa MD takes helm
Kampala, Uganda |THE INDEPENDENT | Isaac Khisa | United Bank for Africa Uganda has a new managing director, as Chioma Mang took the top job at the Jinja-Road headquartered lender this month. Mang succeeds Johnson Agoreyo who was the MD from June 2016 – September 2020. Mang was appointed to …
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