Business

Limited access to water, electricity and roads remains a big headache in these areas Kampala, Uganda | ISAAC KHISA | Uganda Investment Authority (UIA) has withdrawn land allocated to 164 firms in the industrial and business parks over the last five years due to non-compliance to the set terms. The Authority’s …

Aircraft might turn out to be difficult to maintain, finance and resell Kampala, Uganda | ISAAC KHISA | On July 18, Uganda’s aviation sector marked a new beginning. The government signed agreements with two aircraft manufacturers, Airbus and Bombardier, for delivery of six airplanes during the Farnborough Air Show, ahead of …

Kampala, Uganda | JULIUS BUSINGE | Esteeri Kabonero is the managing director for Powah Limited, a solar solutions energy company operating in Uganda. She spoke to The Independent’s Julius Businge about the recent grant that they obtained from Trade and Development Bank (TDB) formerly known as the PTA Bank to go …

Kampala, Uganda | ISAAC KHISA | High operating profits coupled with lower financing costs helped the tobacco maker, British American Tobacco, to record a 77% rise in net profit to Shs6.2bn for the half year ending June 30. The latest financial results shows that the company recorded an increase in the …

The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …

Uganda plans to intensify relations in trade, tourism and investment Kampala, Uganda | JULIUS BUSINGE | Trade between Africa and India has recorded a 30% decline in volume from US$78billion in 2014 to about $55 billion in 2017 citing a tough economic environment. However, this was more than seven times higher …

Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, plans to roll out its mobile banking platform mid this month and later agent banking to facilitate customer convenience and also tap into the unbanked population. UBA Uganda CEO Johnson Agoreyo said the lender is in the final stage …

National Planning Authority boss outlines weaknesses in Uganda’s development agenda, shares solutions Kampala, Uganda | JULIUS BUSINGE | Kisamba Mugerwa, the chairperson of National Planning Authority (NPA), is a well-known speaker on matters Uganda’s journey to the middle income status. It was the same on July 18 as he delivered a …

  Failure to submit and update relevant documents risks making the platform irrelevant Kampala, Uganda | ISAAC KHISA | Despite the fact that Africa continues to receive high levels of interest as an investment destination from investors across the globe, access to data remains a big challenge to enable them …

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …