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 …

The company plans to introduce new products in the region Kampala, Uganda |JULIUS BUSINGE| Japan’s paint manufacturer, Kansai Plascon, has entered into the East African market through the acquisition of Sadolin Paints. Wim Bramer, the managing director of Kansai Plascon East Africa told The Independent in an interview that the …

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

 Tax experts say government needs to refocus its priorities Kampala, Uganda |  JULIUS BUSINGE  | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …

LAND PROBE: How govt land is stolen |  After a technical break, the seven-member Land Inquiry 2017 Commission headed by Lady Justice Catherine Bamugemereire handled two big cases from July 24 –28. Kampala, Uganda  | JULIUS BUSINGE | In the two cases, one main issue emerged: forceful evictions of the …

If it looks so gloomy, why is everyone seeing it as bright? KAMPALA, UGANDA | JULIUS BUSINGE | The banking industry in Uganda appears to be facing an uncertain future. Most banks are recording a mixture of good and bad performance, sluggish growth in private sector credit, rising non- performing …

UCC agrees to meet company officials over concerns raised by customers Kampala, Uganda | JULIUS BUSINGE | On July 4, Uganda’s largest telecommunication firm; MTN, announced changes in price and volumes for some of its internet (data) packages resulting in concerns by customers and the regulator, the Uganda Communications Commission. …

Anwar Soussa is the managing director for Airtel Uganda. He spoke to The Independent’s Julius Businge about Airtel business and Uganda’s telecom sector. You have been here for a year now as the Airtel MD. What is your general assessment of the telecommunication business in Uganda? Telecommunication business in Uganda …

Kampala, Uganda | GODFREY SSALI | The Commercial Court has summoned the ruling NRM party to respond to claims that it has refused to pay 580 million shillings being a debt for Presidential posters and flyers used in the 2016 Election Campaigns. Elite Graphics Printers Ltd says that it was contracted …

Uganda’s private sector activity improves on strong demand, but experts are worried that improvement in economic activities is likely to stir imports, putting pressure on the exchange rate and so is operational costs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s latest report– Purchase Managers Index (PMI) for June 2017 …