American and British lifestyle and performance footwear giants, Skechers and Clarks, plans to open outlets in Kampala to tap into the expanding middle class and a growing taste for luxury brands. Kampala, Uganda | ISAAC KHISA | Knight Frank in its latest market update report said the two companies have …
Read More »Bad outlook for Kampala’s residential properties
Rental offices are being re-occupied but landlords and occupiers will incur extra costs to meet health and safety measures Kampala, Uganda | ISAAC KHISA | Residential properties in Kampala have recorded an average of 16% decline in rental rates owed to restricted air travel of expatriates in the wake of …
Read More »Uganda’s ballooning pubic debt
Economists suggest that the government needs to balance investment in development and productive sectors Kampala, Uganda | ISAAC KHISA | Uganda government plans to borrow Shs8.73 trillion from local and international lenders to fund the bloated Shs 45.4trillion budget amidst the coronavirus pandemic threat. According to the Ministry of Finance …
Read More »COVER STORY: Tough budget
What experts say about Shs45.4tn, debt, taxes Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | The 2020/21 national budget read on June 11 has been criticised by experts as weak on all fronts; from its stimulus and bailout programmes to the manner in which its figures were arrived at …
Read More »Insurance industry records 8% drop in profit to Shs17.93bn
Gross underwritten premiums to plummet in 2020 THE INDEPENDENT | ISAAC KHISA | A surge in claims and management expenses saw Uganda’s nonlife insurance firms record 8% drop in profit to Shs17.93bn for the year ended Dec.2019. However, the industry executives said there is nothing to worry about since the …
Read More »‘We want 2021 elections on time’
How People Power, JEEMA, FDC are uniting against Museveni THE INDEPENDENT | ISAAC KHISA | The steps President Yoweri Museveni and his government have taken to contain the coronavirus disease COVID-19 pandemic will make a big difference in the upcoming 2021 general elections. But to whose advantage? Watching these …
Read More »Uganda Securities Exchange gives green light over AGMs
The delay and postponement of 2020 AGMs means that the final dividend payment may not be paid on time Kampala, Uganda | ISAAC KHISA | Now Uganda’s listed companies have until July.30 to hold their Annual General Meetings and determine their future growth, according to Paul Bwiso, the Uganda Securities …
Read More »Local content legislation to boost local entrepreneurs
The law seeks to allocate at least 40% of sub-contracts in public procurement to local companies Kampala, Uganda | ISAAC KHISA | For quite a while, Uganda’s entrepreneurs have been lagging behind owing to the stiff competition from big foreign firms. But this could soon come to an end following …
Read More »The Independent’s Isaac Khisa scoops continental award
Kampala, Uganda | THE INDEPENDENT | The Independent business writer, Isaac Khisa, has once again emerged as one of the five winners of the 2020 Pan-African Re-Insurance Journalist Awards organized by the leading Pan-African Reinsurance firm, Continental Reinsurance Plc. The virtual awards ceremony was held on May 27 2020, following the …
Read More »Rebooting Uganda’s economy post COVID-19
Private sector present various stimulus packages to government on how kick-start business activities back to normal growth curve Kampala, Uganda | ISAAC KHISA | Life is slowly returning to normalcy in Uganda’s towns save for those that lie on the borders with neighbouring countries. Shops and restaurants are back to …
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