Only developed countries including the US, China, India, some in Europe and South America have well–established gene banks Kampala, Uganda | ISAAC KHISA | For the recent decades, Africa’s indigenous animals such as the East Africa’s sinewy Ankole cattle; a product of the centuries of selection for traits adapted to …
Read More »De-risking investment in the agriculture sector
Insurance could unlock finance in agribusiness; boost farmer’s productivity and incomes Kampala, Uganda | ISAAC KHISA | Christopher Elema, 40, a maize farmer in Kiryandongo District, located 225kms, north-west of Kampala, was in February this year paid Shs6.5million as compensation for his failed crop yields. He had planted 40 acres …
Read More »Fight over sugarcane business
President Museveni supports exports to Kenya Kampala, Uganda | ISAAC KHISA | On June 11, President Yoweri Museveni held a closed door meeting with the sugarcane farmers in Busoga sub-region at the Jinja state lodge a head of his planned Operation Wealth Creation campaign. Among those who attended the meeting …
Read More »Scaling up climate change adaptation
EU, FAO unveils a Shs 33.8 billion project to combat climate change in the cattle corridor Kampala, Uganda | ISAAC KHISA | The European Union in partnership with the Food and Agriculture Organization has unveiled a new five-year project that seeks to empower Uganda’s rural communities in most vulnerable …
Read More »Africa’s trade numbers on the rise
Afreximbank says China and India have consolidated their positions as the continent’s single largest trading partners Kampala, Uganda | ISAAC KHISA | Africa’s output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in global growth during that period, according to the African Export-Import Bank’s latest report. The …
Read More »Afreximbank shareholders to earn $69million
The bank’s assets grew 15% to $15 billion in 2018 Kampala, Uganda | ISAAC KHISA | Shareholders of Africa Import-Export Bank (Afreximbank) are set to earn $69million as dividends following record growth in profits in 2018. Last year, shareholders earned $57.53million. The decision was reached during the Annual General Meeting …
Read More »Inside URA’s proposed customs taxes
Local consumers and businesses – not the exporting countries – will pay the price Kampala, Uganda | ISAAC KHISA | The good news coming from the Nakawa-based Uganda Revenue Authority (URA) is that local firms, will effective July this year, be protected from external competition as government increases taxes on …
Read More »How Uganda’s insurance firms performed in 2018
Only nine insurance companies recorded approximately Shs40bn as profit Kampala, Uganda | ISAAC KHISA | Only nine out of 21 Non-life insurance companies operating in Uganda made profits for the year ended Dec.2018, data from the Insurance Regulatory Authority of Uganda shows. Jubilee, UAP, Sanlam, Britam, Goldstar, Alliance Africa, Statewide, …
Read More »Cipla hints on potential acquisition
As its profit after tax drop more than seven times to Shs 6.8bn in 2018 Kampala, Uganda | ISAAC KHISA | The Kampala-based pharmaceutical firm, Cipla Quality Chemical Industries Ltd has hinted on a move to acquire a small company to boost its business growth. This comes at a time …
Read More »Behind the sugar zoning politics
Why the new proposal is bad for the country’s sugar industry Kampala, Uganda | ISAAC KHISA | Ugandan sugar millers, cane farmers and the government have for sometime been at loggerheads over a proposal to introduce zoning in the sugar cane growing areas. The proposed Sugar Bill, 2016, seeks to …
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