Anwar Soussa, who supervised the record performance, quit the telecom company Kampala, Uganda | ISAAC KHISA | Telecom service provider, Airtel Uganda, ended the 2016 financial year with 85.6% growth in net profit to Shs 160.45bn on the back of improved uptake of mobile money, value added services and data. …
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Lack of major growth in sales remains an issue Kampala, Uganda | ISAAC KHISA | Uganda Clays Limited has recorded a 70% growth in net profit to Shs2.17 billion for the six months ending June 30. The stellar performance comes on the back of its majority shareholder, the National Social …
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The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
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But can the carrier survive with its low cost flights in East Africa and beyond? Kampala, Uganda | ISAAC KHISA |A low-cost carrier, Vule Airways, is set to fly out of Entebbe International Airport starting November subject to regulatory approval from the Civil Aviation Authority. Robert Mwesigwa, the co-founder and …
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A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …
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The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …
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Smiles and frowns as RVR contract is cut short; Uganda Railways is back! Kampala, Uganda | ISAAC KHISA | Uganda Railways Corporation, the company which operated rail transport in the country until the government passed its operations to a concessionaire in 2006 is set to return in September. And if …
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Jolly Kaguhangire is the new executive director of the Uganda Investment Authority. She spoke to The Independent’s Isaac Khisa about the major reforms that await the agency. It is now a few months since you took over office as ED of UIA. What is your assessment of your performance …
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Surplus expected to eat into the producer’s profitability KAMPALA, UGANDA|ISAAC KHISA| The cement industry in Uganda could be headed for tough times as firms increase production capacity next year beyond the available demand. Lafarge Group’s Hima Cement is setting up a new plant in Tororo, eastern Uganda, with capacity of …
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The National Social Security Fund’s move to shut down its old e-collection system and adopt a more advanced tech savvy portal last year coupled with increase in compliance has boosted its capability to collect more employee contributions, according to its Managing Director, Richard Byarugaba. KAMPALA, UGANDA |ISAAC KHISA| Byarugaba, who …
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