Good innovations but utilization needs to be boosted | IAN KATUSIIME | When one talks about financial inclusion in Uganda, it is always mobile money that comes into their minds first. The mobile money system is now entrenched and is even a substitute for banks. Mobile money has successfully brought …
Read More »MPs unhappy with UPDF illegal fishing operations
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has summoned the Attorney General to appear in the House this week after MPs questioned the involvement of the UPDF in the fishing industry particularly on Lake Victoria. The Attorney General is expected to explain the laws regulating the …
Read More »East African real estate investors discover the working class
COMMENT | SAMUEL KARIUKI | The last 20 years of real estate boom in East Africa has changed our building landscape and inventory, as it quite rightly should have done. Our starting point was a region that was short of every kind of building, from housing, to shops, through …
Read More »Hospitality, tourism experts lined up for Innovation Series
Kampala, Uganda | THE INDEPENDENT | Leading experts in Uganda’s tourism and hospitality sector are set to discuss creative approaches companies can harness to grow their businesses, at the third edition of Innovation Series Thursday, 7th March 2019 at Golf Course Hotel in Kampala. Eight speakers from different …
Read More »Pan-African bank unveils full operations in United Kingdom
Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …
Read More »Commercial bank status is top on our agenda – EFC MD
EFC Uganda Limited also known as EFC Uganda is a microfinance deposit-taking institution in Uganda and has been operating since 2012. The company’s Managing Director Shem Kakembo spoke to The Independent’s Julius Businge about their business. What is your description of EFC as a business as we speak? Our business …
Read More »Karuma, Isimba and electricity tariffs
New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …
Read More »SH150million: Total Uganda rewards Starupper Challenge winners
Kampala, Uganda | THE INDEPENDENT | Total Uganda on March 01 awarded Shs 150million to the top three winners of the Startupper of the Year by Total Challenge, as seed capital to kick-start and fund their business ideas. The winners include Arnold Mugaga, whose innovative idea is to address …
Read More »Kenya’s pension firm enters Uganda’s market
Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …
Read More »UEGCL rushes CDAP plan ahead of Isimba launch
It remains unclear on how much consumers will pay for the electricity generated even as UEGCL plans to sell electricity to the national grid at US4 cents per unit Kampala, Uganda | ISAAC KHISA | The multi-billion dollar Community Development Action Plan at Isimba Hydropower Project has started, clearing the …
Read More »