One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

S&P keeps Uganda at B/B credit rating, Central bank governor happy over assessment   Increased investment in the infrastructure projects has helped Uganda to maintain its credit rating, according to the latest Standards and Poor report which maintained the country’s B/B rating. That is a mid-level assessment which is way …

Rent drops but top property agency sees short-term gloom before long-term boom Rent for office space in prime locations in Kampala city has taken an almost 30% fall as tenants flee the city’s Central Business District (CBD), according tothe latest report from the property agency Knight Frank. Rents have dropped …

Bad fuel concern: Dealers, UNBS clash over adulterated fuel standards If you are a motorist, chances are high that you’ve ever bought adulterated fuel unwittingly. Fuel adulteration involves the mixing of diesel or petrol with kerosene as dealers seek to take advantage of the lower price of kerosene to increase …

The proportion of Ugandans engaged in agricultural activities has registered a slight increase according to the latest National Services Delivery Survey. A report, which was compiled by the Uganda Bureau of Statistics (UBOS) shows that the proportion of Ugandans who depend on agriculture increased from 75% in 2008 to 76% …

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

New report shows access to electricity has risen but complaints about poor service delivery persist The proportion of Ugandans who use paraffin for lighting has dropped dramatically from 84% in 2008 to 47% in 2015 while those using electricity have risen from 10% to 26% over the same period, according …

New report shows access to electricity has risen but complaints about poor service delivery persist Paraffin users 84% to 47 % Electricity users 10% t0 26% Solar users 0.2% to 25% Electricity available 19.4 hours daily People who think power tariffs affordable 54% The proportion of Ugandans who use paraffin …

Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …

Regional trade facilitation organisation to pump between Shs 2.66 – Shs 2.83 trillion in region On May 31, executives at Trademark East Africa, a not-for- profit organization that supports the East African Community integration process in trade policy reforms and trade-related infrastructure, gathered in Kampala. The meeting was intended to …