Energy minister launches construction of Karuma Dam employer’s facility Kampala, Uganda | JULIUS BUSINGE | On Oct. 27, the State Minister for Energy and Mineral Development, Simon D’Ujanga, launched the construction of a Permanent Employer’s Camp at the 600MW Karuma Dam. The facility’s cost is part of the entire US$1.7 billion …
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Paris, France | AFP | Sub-Saharan Africa nations are growing more dependent on China as an export market, putting them at greater risk to shifts in the Chinese economy, a study published Tuesday said. “There is no doubt about a strong dependence on China for countries that produce oil and …
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Kampala, Uganda | INTERVIEW | David Gonahasa is the founder and director of Roundbob.com, an online travel agency. He spoke to The Independent’s Agnes E Nantaba about revolutionalising travel in Africa and beyond What are the key elements in your management style as a manager? My role is to bring …
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What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …
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Kampala, Uganda | ISAAC KHISA | Stanbic Bank has become the first lender to venture into insurance business after Insurance Regulatory Authority of Uganda granted it a bancassurace license on Oct. 25. The lender said it has already signed business deals with seven insurance companies including Sanlam Life, Sanlam General, UAP …
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Kampala, Uganda | ISAAC KHISA | Regional lender, KCB, is set to rollout agency banking by close of the year as it strives to grow profitability. This follows the lender’s approval from the Bank of Uganda, two weeks ago, in line with the new Financial Institutions (amendment) Act. Joram Kiarie, the …
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But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …
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Kampala, Uganda | THE INDEPENDENT | Uganda has been commended for prioritizing infrastructure development especially energy and the road network which is a recipe for boosting regional trade. The Common Market for Eastern and Southern Africa (COMESA) Council of Ministers meeting opened by Vice President of Zambia Inonge Wina in Lusaka …
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Tokyo, Japan | AFP | Japanese car giant Nissan said Monday it would resume domestic production which was suspended following an inspection scandal. The firm said it would restart production at all plants except one in Kyoto from Tuesday. “Nissan regrets any inconvenience and concern this has caused to its valued …
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The role of commercial banks and real estate developers are changing to create affordable housing for Ugandans COMMENT | Jackson Emanzi | Uganda’s population is projected to grow from an estimated 37 million people today to 41.2 million by 2020 (Uganda Bureau of Statistics). Under Goal 11 of the United …
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