The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …

`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …

Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …

Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …

Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …

Kampala, Uganda | ISAAC KHISA | The inaugural Intra-African Trade Fair (IATF 2018) ended in Cairo on December 17 with the Rwandese capital of Kigali being announced as the host of the 2020 event. Former Nigeria President Chief Olusegun Obasanjo, who is also Chairman of the IATF Advisory Council, made the …

Kampala, Uganda | ISAAC KHISA | Patrick Adengo is the Managing Director at the Stalworth Consulting Group, LLC. He spoke to The Independent’s Isaac Khisa about the company operations and digital and technology sector related issues. How would you describe Stalworth Consulting Group, LLC? Stalworth Consulting Group (SCG) is a management and strategy consulting firm …

The move could see a slight reduction in insurance premiums in the short run Kampala, Uganda | ISAAC KHISA | Uganda’s insurance companies, will in effect from January, 2019, implement the ‘No premium, No cover’ regulation, as part of the new measures intended to reform the local industry. This means that …

  Will American firm regain its top position? Kampala, Uganda | ISAAC KHISA | The American Insurance Group (AIG) has re-entered the Ugandan market, exactly two years after its exit, citing a re-alignment of its global business strategy. Local industry players have naturally warmed up to AIG’s re-entry into Uganda saying …

Kampala, Uganda | ISAAC KHISA | The Directorate of Citizenship and Immigration Control is set to rollout a new International East African passports to replace the current ones. The exercise that starts in January 2019 is an initiative of the EAC Heads of State to synchronise passports across the region.The e-passport …