Orient Bank’s acquisition in Uganda expands its balance sheet by Shs753 billion Kampala, Uganda | ISAAC KHISA | Regional lender, I&M Group PLC has recorded 33% growth in profit after tax to Shs134.6billion for 2021 half year period ended June.30. Its net interest income grew by 28% to Shs 285.2 …

The company’s trading price has tumbled to less than Shs100 per share, down from Shs 256.5 IPO level Kampala, Uganda | ISAAC KHISA | Shareholders of drug maker, Cipla Quality Chemicals Ltd will not earn a dividend for the second consecutive year even after reporting a more than 50% drop …

The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …

Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …

But government technocrats disagree saying there are objectives in doing so Kampala, Uganda | ISAAC KHISA | Investments in the extractive sector has become the next big thing in the East African region but there are concerns that the governments could extend huge tax incentives like they have  done in …

Lloyd Jonathan Busuulwa is the head Alternative Channels at dfcu Bank. He spoke to The Independent’s Isaac Khisa about the Bank’s digital strategy and the future of banking going forward. dfcu Bank embarked on a digital transformation journey in 2017. What progress have you registered? dfcu Bank’s digital transformation journey …

Dozens of local firms are still demanding for payments from Juba for goods supplied more than a decade ago Kampala, Uganda | ISAAC KHISA | Africa’s newest state, South Sudan, has by-passed Uganda and signed a trade agreement with Malawi for the supply of grain and other agricultural commodities. This …

Fintechs present regulatory challenges as some technology providers are not domiciled locally Kampala, Uganda | ISAAC KHISA | Commercial banks should walk with clients in the development of different products to succeed, according to the Kenya’s Central Bank Governor, Patrick Njoroge. “Banks that have succeeded or that are succeeding are …

  But there is little or no legal framework for telehealth in most Sub-Saharan African states Kamapal, Uganda | ISAAC KHISA | Globally, insurers have been perceived as slow to evolve and embrace innovation. But the coronavirus pandemic is flipping the narrative, as some insurers rapidly innovate to help consumers …

Global insurer, Prudential, has become the country’s largest life insurer following the acquisition of IAA Air Ambulance Healthcare, a Health Membership Organisation, at undisclosed consideration. Kampala, Uganda | ISAAC KHISA | Prudential Life Assurance Uganda Ltd entered the Ugandan market in 2015 through the acquisition of Goldstar Life Assurance, and …