Kampala, Uganda | ISAAC KHISA | Naate Masangazira is the director of BiD Network in Uganda. He spoke to The Independent’s Isaac Khisa about linking the country’s SME’s to the prospective investors. What is BiD Network’s assessment of the SMEs growth in Uganda specifically and in East Africa in general? There …
Read More »UTL on route to recovery
UTL: Managers say revenue is up 7% monthly Kampala, Uganda | ISAAC KHISA | It has been turbulent times for the Uganda Telecom Ltd in the past few years but there are signs that it is finally turning things around since government placed it under provisional administration six months ago. Once …
Read More »Uganda backslides in Doing Business ranking
Hike in trade licence fees and tedious property transfer blamed Kampala, Uganda | ISAAC KHISA | Uganda has slid back in the World Bank’s Ease of Doing Business ranking dropping seven places to 122 out of 190 economies. It is the sixth time in seven years that the East African nation …
Read More »Financial inclusion optimism
What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …
Read More »Stanbic Bank enters insurance business
Kampala, Uganda | ISAAC KHISA | Stanbic Bank has become the first lender to venture into insurance business after Insurance Regulatory Authority of Uganda granted it a bancassurace license on Oct. 25. The lender said it has already signed business deals with seven insurance companies including Sanlam Life, Sanlam General, UAP …
Read More »KCB set to roll out agency banking
Kampala, Uganda | ISAAC KHISA | Regional lender, KCB, is set to rollout agency banking by close of the year as it strives to grow profitability. This follows the lender’s approval from the Bank of Uganda, two weeks ago, in line with the new Financial Institutions (amendment) Act. Joram Kiarie, the …
Read More »Business Partners International boosts SMEs in E. Africa
Vincent Kiyingi is the manager at the Business Partners Internation (BPI) –Uganda. He spoke to the Independent’s Isaac Khisa about financing SMEs in the country. What is your leadership style as a manager? My leadership style is not definite but I use different styles depending on the time and type …
Read More »Uganda’s textile industry picking up the threads
Fine Spinners plan to sell T-shirts at US$3 on the local market Kampala, Uganda | ISAAC KHISA| It is Oct. 17, eighteen representatives of importers from Germany are touring Fine Spinner’s garment factory in Bugolobi, a Kampala suburb filming various activities and to ascertain the company’s production processes and capacity. Later, …
Read More »Econet’s Kwese TV enter Uganda’s competitive pay-TV industry
Kampala, Uganda | ISAAC KHISA | Zimbabwe’s pay TV service provider, Kwese TV, has become the latest kid on the bloc in the provision of satellite Tv services in Uganda, with the official launch held in Kampala on Oct. 17. The firm will now tussle out with the established pay-TV providers such as …
Read More »INTERVIEW: Bidco’s $70million investment on Buvuma Island near
INTERVIEW: Kodey Rao is the managing director of Bidco Uganda Limited, the producer of edible oil. He spoke to The Independent’s Isaac Khisa about the country’s edible oil industry and the future outlook. What is the assessment of edible oil consumption in the country at the moment? Edible oil …
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