BoU says it’s not responsible for secrecy of customers’ information Kampala, Uganda | ISAAC KHISA | Privacy of customer data is the bedrock of the banking sector around the world but for a section of Uganda’s commercial banks, this code seems to be slowly eroding— posing a big risk to the industry …
Read More »Good times ahead for coffee farmers
Government remains optimistic about achieving target of 20 million bags Kampala, Uganda | ISAAC KHISA & JULIUS BUSINGE | Uganda’s coffee industry players once again joined the rest of the world on Oct. 04 to mark the International Coffee Day. The annual celebration, which was organised by the Uganda Coffee Development …
Read More »NSSF courts savers
New strategy of pay-out boosts confidence Kampala, Uganda | ISAAC KHISA | Uganda’s National Social Security Fund (NSSF) seems to be determined to bring more savers to its portfolio, its statistics show. The Fund’s latest Transparency Statement reveals that though it recorded growth in income from Shs788.6bn to Shs1.34trillion, with nearly …
Read More »Afreximbank urges South economies to work together to counter Trade uncertainties
Kampala, Uganda | ISAAC KHISA | The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said on Oct. 09 in Bali, Indonesia. Speaking during a Panel discussion on …
Read More »‘Africa’s exposure for political risk triples’
Kampala, Uganda | ISAAC KHISA | Last June, multilateral insurer, African Trade and Insurance Agency, paid its first dividend worth US$2.5 million to 14 shareholder governments including Uganda. The firms CEO George Otieno spoke to The Independent’s Isaac Khisa about the firm’s future prospects. What is your management philosophy? I really …
Read More »New paint battle
Crown Paint, Sadolin, in direct attack on Plascon Kampala, Uganda | ISAAC KHISA | The ‘paint war’ is heating up as two brands – Regal paints and Sadolin – fight the new entrant, Kansai Plascon, to gain a significant market share. Plascon, which acquired the assets of the holders of Sadolin …
Read More »Africa’s insurance industry is poised for further growth – PwC insurance survey
Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …
Read More »Umeme’s profit rebound
Big industries boost company sales in first half of 2018 Kampala, Uganda | ISAAC KHISA | There is good news at Umeme Limited. The power distributor has recorded an increase in net profit by Shs20bn to Shs61 billion in the first half of 2018 compared to the same period a year …
Read More »Shoprite to open new outlet in Bugolobi
Kampala, Uganda | ISAAC KHISA | South Africa’s retail chain, Shoprite, has taken up the advantage of the exit of Kenya’s biggest retail chains to cement its foot print in Kampala. Two of Kenya’s top retail chains – Uchumi and Nakumatt –exited the Ugandan retail chain market in the past three …
Read More »Rethink Kampala’s street vendors
Kampala, Uganda | ISAAC KHISA | Hala Al-Karib is the regional director for the Strategic Initiative for Women in the Horn of Africa (SIHA), an organization that seeks to unlock potential of women’s rights movement. She spoke to The Independent’s Isaac Khisa about street vending in Kampala. What is your management …
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