But the firm’s overall Africa operations had its net profit fall by 36% to $145m Kampala, Uganda | ISAAC KHISA | Bharti Airtel operations in East Africa have recorded a 14% growth in revenue to US$659million for the six months ending Sept. 30, citing an increase in subscribers. The firm’s …

Uganda’s coffee industry has recorded the highest ever export volumes as well as earnings for the Coffee Year 2019/2020 (Oct-Sept), signaling the crop’s steady recovery. Kampala, Uganda | ISAAC KHISA | Latest data from the Uganda Coffee Development Authority shows that coffee exports for the 12 months amounted to 5.36 …

Currently, the regional insurers commands the largest market share in Uganda’s general insurance business Kampala, Uganda | ISAAC KHISA | Regional insurer, Jubilee Holdings Ltd, is selling between 51% and 66% stake of its operating subsidiaries engaged in short term general insurance business across the region to the Munich-based Allianz …

 CSOs suggests that the government  need to now invest in productive sectors such as manufacturing, trade,  health, education and social protection in the wake of COVID-19 pandemic Kampala, Uganda | ISAAC KHISA | Even before the outbreak of coronavirus pandemic, Uganda’s economy was already struggling amidst huge investment in the …

But there was an increase in expenses on input and wholesale services, salaries and taxes Kampala, Uganda | ISAAC KHISA | Uganda’s telecom sector has posted the highest total quarterly revenues on record, crossing the Shs1 trillion mark amidst the ravaging coronavirus pandemic, according to the latest Uganda Communications Commission …

The resources meant for debt payment should be channeled into strengthening health care, social protection and economic recovery Kampala, Uganda | ISAAC KHISA | As Ugandan government grapples with external debt repayment, leaving it with limited resources to fight the ravaging coronavirus pandemic and its related negative impacts, financial experts …

Uganda Clays Limited, the producer of baked clay building products, has recorded a drop in operating costs but losses increased for the second consecutive year, as it faced stiff competition in the construction sector amidst coronavirus pandemic. Kampala, Uganda | ISAAC KHISA | The company recorded a 6% reduction in …

The lender recorded a 4.9% drop in net profit to Shs127.4billion Kampala, Uganda | ISAAC KHISA | Stanbic Bank has suffered a 4.9% drop in pre-tax profit in the first half of the year as credit impairment charge and coronavirus disruption takes toll on the country’s largest commercial lender. The …

Company executives are optimistic the remaining half will see a surge in power sales, profitability as government relaxes COVID-19 lockdown Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distributor, Umeme, is now pinning its profit growth on the remaining six months of the reporting year following government’s move to ease …

It paid Shs347bn for the 66.53% stake in a DRC bank Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has completed the acquisition of Banque commercial du Congo, (BCDC) in the Democratic Republic of Congo, further strengthening is foot print on the African market. This follows a …