Tag Archives: Isaac Khisa

Dfcu’s new take-over will help expand its footprint countrywide When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible. Crane Bank, set up in 1995, has been the …

Recent hike means current tariff structure could end up killing industries The cost of production in Uganda could soon rise as government continues to increase electricity tariffs amidst dwindling production due to low consumer demand. Analysis by The Independent shows that the  government has increased  electricity tariffs by over 22% …

The South African company is projected to boost the country’s insurance penetration that now standing at 0.86%, the lowest in the region Low income earners, who often forgo insurance due to the expense, now have an affordable option that they could consider. South Africa-based insurance company, Metropolitan & Momentum International …

Analysts say the government needs Shs800bn subsidy annually to keep national carrier in the air The good news is that if President Yoweri Museveni’s New Year 2017 pledge is implemented, Uganda could end this year with a revived national air carrier. The bad is that the revived Uganda Airlines could …

Sector positive on government promise of deals in infrastructure projects Like most of the Uganda’s manufacturing industry, 2016 was brutal for the steel industry, with dwindling production due to low demand. Uganda has 12 steel mills with a production capacity of more than 500,000 tonnes annually, but the country’s steel …

Without a survey of the actual fish stock, fisheries managers focus on what they get out to ensure sustainability For some time now, fish catchers, processors, traders and government officials involved in Uganda’s fish sector have been saying that fish stocks in Lake Victoria are declining. The problem appears to …

Royal Van Zanten chemical poisoning common, say workers’ rights groups “That one flower, for a new girlfriend or a father, a colleague’s birthday or a grandmother, often means more than all the bunches put together. It’s not about the numbers, the colours or sizes. It’s about the love and passion …

Why tension is growing over Indian, Chinese retail traders On Nov.18, traders in the northern Uganda town of Lira refused to open their shops for business in protest against what they termed as `unfair competition’ from foreign traders; mainly Indians. The protest by traders under the Lira Business Community (LBC) …

Ugandan bourse managers say pharmaceutical firm’s latest plans no different from past claims The Kampala-based pharmaceutical firm Cipla Quality Chemical Industries Ltd, often called just Quality Chemicals Ltd, has once again signaled intention to offer shares to the public in an Initial Public Offer (IPO). The subsidiary of Indian drugs …

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda’s insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan …