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Tag Archives: Isaac Khisa

Karuma Hydropower Dam defects fixed

The contractor set to come up with a new commissioning plan Kampala, Uganda | ISAAC KHISA | Karuma Hydropower Dam, the country’s flagship power project, now has all identified defects fixed but it is likely to miss the June 2022 target date for commissioning. Executives at the state-run Uganda Electricity …

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Stanbic goes for SACCOs, young clients

The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …

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Uganda unveils mortality table for life insurers

Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …

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Umeme net profits up

The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …

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Behind MTN’s income decline

But the telco recorded 5.8 % growth in net income to Shs 340.4 billion Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom firm, MTN Uganda, said a one-off payment for interim operating license and contract termination of a service provider saw its full year income reduce by Shs 62.3 …

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FAO to champion sustainable charcoal production

Kampala, Uganda | Isaac Khisa | Uganda’s urban households have relied on charcoal as their source of energy for decades but there has been no deliberate efforts to facilitate sustainable production practices and technologies to conserve forests. The good news now is that the Food and Agriculture Organisation of the United …

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Battle for the internet market

Airtel Uganda increases internet bundles, leaves price uncnaged Kampala, Uganda | ISAAC KHISA | Telcom firm, Airtel Uganda has taken a price war to the door step of MTN Uganda with a massive increase in internet capacities. The telco, effective Feb.21, doubled daily internet bundles and increased the one on  …

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