Mazima Retirement Plan was in 2016 granted an operating licence by the industry regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The company’s CEO Livingstone Mukasa spoke to the Independent’s Isaac Khisa about the progress registered in promoting voluntary retirement plans targeting informal sector and the opportunities that lies ahead. Two …
Read More »Insurer’s minimum capital requirement goes up
The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …
Read More »‘Future of printing and publishing in Uganda bright’
Following liberalisation of Uganda’s economy in the 1990’s, private sectors alongside the public enterprises and publishers have increased investments in printing infrastructure, and the business is now on the upward trend. The Independent’sIsaac Khisa spoke to the Irene Muwanguzi, the Managing Director at the Uganda Printing and Publishing Corporation …
Read More »MTN Uganda troubles
MTN told to fulfill the National Broadband Policy as a condition to have its licence renewed Kampala, Uganda | ISAAC KHISA | It is impossible to tell a story about the Uganda’s telecom revolution that began more than 20 years ago without mentioning MTN. The South African firm entered the country’s …
Read More »Afreximbank lends $170 million to Orascom for pan-African expansion
Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …
Read More »Why 2019 could be good for businesses
Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …
Read More »Banks 2018 surprise
Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …
Read More »URA shuts down six service centres in Kampala
Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …
Read More »Rwanda to host 2020 Intra-African Trade Fair
Kampala, Uganda | ISAAC KHISA | The inaugural Intra-African Trade Fair (IATF 2018) ended in Cairo on December 17 with the Rwandese capital of Kigali being announced as the host of the 2020 event. Former Nigeria President Chief Olusegun Obasanjo, who is also Chairman of the IATF Advisory Council, made the …
Read More »Coke unveils more sugar-free soda
Kampala, Uganda | ISAAC KHISA | Coca-Cola Beverage Africa has expanded its sugar-free drink in the Ugandan market as it seeks to tap into the increasing health-consciousness consumers. The company says it has unveiled Stoney Zero Sugar, Fanta Zero Sugar, Coca Cola Zero Sugar and Sprite Zero Sugar as well as …
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