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. …
Read More »Slow oil and gas development hurts logistics industry
Kampala, Uganda | ISAAC KHISA | Joram Nyanzi is the managing director of Kenlloyd Logistics Uganda Ltd. He spoke to Isaac Khisa about the performance and prospects of the region’s logistics industry. What is your management style as the managing director? I am a strong believer in human resource in an …
Read More »Uganda’s telecom market too small for seven players?
Kampala, Uganda | ISAAC KHISA | Senior executives in Uganda’s leading telecom companies have always said the country’s mobile phone market has room to grow but it is too small to support all of the seven telcoms. And the assertion seem to have come to pass, with the British based telecom, …
Read More »Village Enterprise driving entrepreneurship
Kampala, Uganda | ISAAC KHISA | Dianne Calvi is the CEO of Village Enterprise with operations in Uganda and Kenya. She spoke to Isaac Khisa about the new innovations in fighting poverty in rural areas. What is your management style as the CEO? I am an informal manager who believes that …
Read More »Expect further rise in fuel prices – Hashi Energy MD
Kampala, Uganda | ISAAC KHISA | Peter Onasis Ochieng’ is the managing director of Hashi Energy. He spoke to The Independent’s Isaac Khisa about the current surge in fuel prices and the industry’s future outlook. What explains the current trend of increase in fuel prices in Uganda and the region? …
Read More »Rwanda records US$1.67bn in investments in 2017
Over 38,261 jobs to be created in eight sectors Kampala, Uganda | ISAAC KHISA | Rwanda recorded a 30.7% growth in investment to US$1.675bn last year compared with the previous year, data from the country’s promotion agency, Rwanda Development Board (RDB) shows. According to the data, three sectors – construction and …
Read More »Rough terrain for Pioneer Easy Bus
Creditor plan to auction buses to recover Shs 151 mn debt Kampala, Uganda | ISAAC KHISA | On the road leading to the Western gate of the Mandela National Stadium, located about 8 kilometres away from Kampala City Center on the Kampala-Jinja highway, one would easily observe that something wrong. Nearly …
Read More »BATU’s tax reprieve in Uganda
Kampala, Uganda | ISAAC KHISA | Products of cigarette maker, British American Tobacco (BATU) manufactured at its Kenyan subsidiary in the East African Community will now be exempted from Uganda’s excise duties. This follows a ruling in the East African Court of Justice (EACJ) on Jan 25, barring the Uganda revenue …
Read More »Will Uganda’s bank for cooperatives be a reality?
Cooperative banks worldwide were financed by cooperatives societies Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …
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