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The independent

Local cement feels pressure from imports

By Patrick Kagenda Government says 2 new companies coming The Uganda National Bureau of Standards and ministry of Works Laboratories find no quality problems with it but imported cement from Pakistan has local producers worried. A combination of rising costs of production, low supply and growing demand pushed the price …

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Improved Uganda Fitch Ratings favour oil sector

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …

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DStv’s future is in satellite not cable

By Patrick Kagenda MultiChoice Uganda General Manager Charles Hamya tells The Independent’s Patrick Kagenda why the Ugandan housing set-up and bench-marking the best internationally favours satellite against cable TV locally. How do you intend to use the fiber optic cable to ease access of your services to the Ugandans? The …

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MTN’s AA Fitch rating affirmed

By The Independent Team FITCH ratings have affirmed MTN Group Limited’s National Long-term ratings at AA, with Stable Outlook. The rating agency said the affirmation reflects strong subscriber growth in MTN’s markets that have relatively low mobile penetration. The Stable Outlook reflects Fitch’s view that MTN’s business profile remains well …

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Stanbic Bank Africa unit gets new boss

By Mmegi Online Stanbic Bank Botswana’s Head of Corporate Banking, Jessica Gadimang, has been appointed the new Non-Bank Financial Institutions Sector Head for Stanbic Africa concentrating on franchises outside South Africa. The appointment is effective July 1. According to a statement, the move is in line with Stanbic Bank’s active …

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