Kampala, Uganda | ISAAC KHISA | Kamal Budhabhatti is the founder and CEO of Craft Silicon, a Kenyan software company with a local base and global aspirations that is steadily making inroads in the world of financial technology as well as transport. He spoke to The Independent’s Isaac Khisa about their …
Read More »Uganda’s banks brace for tough year again?
Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
Read More »Uganda’s economy on a slow recovery path
But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …
Read More »Jambojet widens payment options for its customers
Kampala, Uganda | ISAAC KHISA | Kenya Airways subsidiary, Jambojet, has widened ticket payments options with the introduction of MTN and Airtel Money services. This will enable travelers to book flights online, at call center or at their offices using the two mobile money optionsand obtain an e-ticket. Jambojetrecently launched its …
Read More »Ligormac Advocates broaden their legal services
Kampala, Uganda | ISAAC KHISA | Uganda’s corporate law firm, Ligormac Advocates, has broadened its legal services with the inclusion of tax related advisory services to customers. This comes barely four months since the firm entered into a collaboration with the US-based Andersen Tax and the Andersen Global that has nearly …
Read More »MTN Uganda rebounds with Sh1.68 trillion revenue
Government move to stop telcos from selling SIM cards through agents could hurt the company’s revenue going forward Kampala, Uganda | ISAAC KHISA | MTN’s subsidiary in Uganda has recorded a surge in revenue for the year ended December 2017 amidst a sharp fall in subscriber base. The full year performance results …
Read More »20 companies on board for NSSF Kampala Hash run
Kampala, Uganda | ISAAC KHISA | Over 20 companies have so far signed up for the NSSF Kampala Hash run that is aimed at raising Shs 400 million for the renovations of selected public schools in Kampala. The money collected will go towards helping Kampala Capital City Authority (KCCA) renovate schools under its …
Read More »Why Barclays is re-branding as Absa
The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
Read More »Stanbic Bank Uganda seeks to become a Bank Holding Company
The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
Read More »European bank extends US$29.6mn to Rwandan SMEs
Kampala, Uganda | ISAAC KHISA | The European Investment Bank (EIB) has extended US$29.6million (€24million) loan to two local banks for financing small and medium sized firms in Rwanda. The bank signed the US$19million loan with the Development Bank of Rwanda and another one with I&M Bank of Rwanda at US$10milllion. …
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