The new move tightens competition in the region’s paint industry Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV, which owns the Sadolin brand name in Uganda, has appointed the regional paint maker, Crown Paints East Africa, to manufacture and sell Sadolin Paint in …
Read More »Muhakanizi’s fight for UTL
UTL: Finance Minister, PS Muhakanizi says the new move is to drive internet price cuts in the country Kampala, Uganda | ISAAC KHISA | Uganda government’s new plan to procure all mobile and fixed telephony communication services as well as internet from Uganda Telecom Limited (UTL) at a lower price is …
Read More »Paul Bwiso: ‘It’s the right time to invest on the stock market’
Paul Bwiso is the chief executive officer of Uganda Securities Exchange. He spoke to The Independent’s ISAAC KHISA. How has been the performance of stock market in the past eight months ending August compared with the same period in 2016? We are down by about 50% to Shs69bn as turnover …
Read More »BUSINESS: Fight over Sadolin
Inside the AkzoNobel, Kansai Plascon tussles to control top paint brand name Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV which owns Sadolin brand name in Uganda is locked in a battle for market control with Kansai Plascon of Japan. The case …
Read More »Sanlam moves to take-over Lion Assurance
Sanlam moves to take-over Lion Assurance: Industry regulator says merger is major boost to local industry Kampala, Uganda | ISAAC KHISA | South Africa-based financial services firm, Sanlam, controls just 2% of Uganda’s insurance business but it has shown its determination to upgrade its market share with the planned …
Read More »Airtel Uganda records Shs 160bn net profit
Anwar Soussa, who supervised the record performance, quit the telecom company Kampala, Uganda | ISAAC KHISA | Telecom service provider, Airtel Uganda, ended the 2016 financial year with 85.6% growth in net profit to Shs 160.45bn on the back of improved uptake of mobile money, value added services and data. …
Read More »Clays posts Shs2bn profit
Lack of major growth in sales remains an issue Kampala, Uganda | ISAAC KHISA | Uganda Clays Limited has recorded a 70% growth in net profit to Shs2.17 billion for the six months ending June 30. The stellar performance comes on the back of its majority shareholder, the National Social …
Read More »How central banks in EAC can boost private sector credit
The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
Read More »Vule Airways set to take off at Entebbe International Airport
But can the carrier survive with its low cost flights in East Africa and beyond? Kampala, Uganda | ISAAC KHISA |A low-cost carrier, Vule Airways, is set to fly out of Entebbe International Airport starting November subject to regulatory approval from the Civil Aviation Authority. Robert Mwesigwa, the co-founder and …
Read More »Who’s winning telcoms data race?
A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …
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