Business

The project cost goes up 57% to Shs410bn Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund (NSSF) will resume the construction of its Pension Towers on Lumumba Avenue in Kampala before the end of this year. The project was halted nearly seven years ago citing influence peddling in the …

How management intend to turnaround performance going forward Kampala, Uganda | JULIUS BUSINGE | The rise in revenue expenditure and emoluments for staff cut the profitability of Uganda Clays Limited (UCL) for the last six months ending June 30, 2018. However, the company eyes a bright future due to new outlets …

Crown Paint, Sadolin, in direct attack on Plascon Kampala, Uganda | ISAAC KHISA | The ‘paint war’ is heating up as two brands – Regal paints and Sadolin – fight the new entrant, Kansai Plascon, to gain a significant market share. Plascon, which acquired the assets of the holders of Sadolin …

Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …

The lender’s solid asset base, good brand recognition and a good team could stir revenue growth Kampala, Uganda | ISSAC KHISA | Dfcu Bank seem to have come to the end of its short golden run in the first half of this year with double digit drop in its net …

Big industries boost company sales in first half of 2018 Kampala, Uganda | ISAAC KHISA | There is good news at Umeme Limited. The power distributor has recorded an increase in net profit by Shs20bn to Shs61 billion in the first half of 2018 compared to the same period a year …

Fund pays 15% interest to members, the highest in history Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund rarely misses the opportunity to boast about the billions of shillings it rewards to its members every year in form of interest income. This was the same situation on August 28 …

Kampala, Uganda | ISAAC KHISA | South Africa’s retail chain, Shoprite, has taken up the advantage of the exit of Kenya’s biggest retail chains to cement its foot print in Kampala. Two of Kenya’s top retail chains – Uchumi and Nakumatt –exited the Ugandan retail chain market in the past three …

Kampala, Uganda | ISAAC KHISA | Hala Al-Karib is the regional director for the Strategic Initiative for Women in the Horn of Africa (SIHA), an organization that seeks to unlock potential of women’s rights movement. She spoke to The Independent’s Isaac Khisa about street vending in Kampala. What is your management …

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …