Growing middle class, economy attracts investments in the hotel industry Kampala, Uganda | ISAAC KHISA | Nearly six years ago, 18 countries in Africa did not have any global branded hotel as prospective owners and operators did not see business opportunities.  But this has now reduced to only five countries …

The export is limited to the initial three months Kampala, Uganda | ISAAC KHISA | Sugar cane farmers in Busoga sub-region have received a limited reprieve to export their excess cane to the neighbouring Kenya, even as questions on how much impact it will cause to the local sugar millers …

Overall performance was hindered by a jump in tax expenses Kampala, Uganda | ISAAC KHISA | A nearly double growth in income tax expense bullied Uganda’s electricity distributor, Umeme, to record a merely 0.3% growth in net profit to Shs 61.2bn for the past six months ending June.30. The company’s …

Future real estate developments hinge on the newly passed Landlord-Tenant Bill Kampala, Uganda | ISAAC KHISA | Rent for office space in prime locations in Kampala City has remained stable for the past six months. Property agency firm, Knight Frank has attributed this to the increasing number of tenants seeking …

Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …

SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …

The lender has recorded a drop in profits again Kampala, Uganda | ISAAC KHISA | Did dfcu mess up its growth trajectory with the acquisition of Crane Bank assets? How can it evolve to make more money for the shareholders? dfcu management seems to be grappling with these questions following …

The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …

The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …

Kenya Reinsurance Corporation (Kenya Re) has set up a year-end deadline to open up a subsidiary in Kampala, according to its Chief Executive Officer, Jadiah Mwarania. Kampala, Uganda | ISAAC KHISA | Mwarania, who held an investor briefing in Nairobi on August.02 said the decision by countries such as Uganda, …