African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …

Analysts hail UNOC’s ambitions but reality of fuel business complex COVER STORY | ISAAC KHISA | The decision by the government of Uganda to directly enter the oil importation and cut out middle players has blown a cloud of uncertainty in the US$2 billion business that is the heartbeat of the …

The economy is now projected to grow in the range of 5-6% in the Financial Year 2023/24 riding on continued economic recovery and the developments in the oil and gas Kampala, Uganda | ISAAC KHISA | Uganda’s economy grew faster in the last financial year than previously anticipated a good sign …

However, experts emphasize building trust and financial literacy to attract more customers Kampala, Uganda | ISAAC KHISA | Nairobi-based insurtech firm, Turaco’s decision, to unveil operations in Uganda to provide medical insurance has signalled an immense potential for the growth of microinsurance in emerging markets, especially across Africa. Launched four years …

Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …

BoU data shows members’ deposits stood at Shs.884.96 billion, while shares and other equity amounted to Shs.865.61 billion and Shs.1.471 trillion Kampala, Uganda | ISAAC KHISA | Local insurers in Uganda, just like their counterparts across Africa, are leveraging on bancassurance, agents and their physical outlets to increase insurance sales and …

Experts speak on 2023/24 allocations, taxes, borrowing COVER STORY | ISAAC KHISA | The government’s plan to spend more money next financial year which it hopes mainly to borrow because it cannot raise it otherwise, has led to accusations that “it is playing politics with the budget”. “Our government should not …

Banking entities posted impressive growth in profit after tax during the year owing to the opening up of the economy and the subsequent growth in the private sector credit Kampala, Uganda | ISAAC KHISA | More than half of companies listed on the Uganda Securities Exchange recorded growth in profits in …

The government’s decision to take over Nalubaale and Kira hydropower dams comes barely a year following a similar step on Namanve Thermal Power Plant. Kampala, Uganda | KHISA ISAAC | Ugandan government has repossessed assets of the country’s two oldest hydropower dams Nalubaale and Kira downstream of R. Nile in Jinja …

Kampala, Uganda | ISAAC KHISA | Ugandan’s are now embracing use of loans to acquire cars of their choice as they strive for a convenient transport means. Faith Margaret Naikayu, the Commercial Manager at Autochek Uganda, a digital car financing marketplace in an interview spoke about the new trends in car …