Business

By Peter Nyanzi Boney Katatumba (PhD), 69, is the Honorary Consul of the Republic of Pakistan to Uganda. The Katatumba group chairman has been a businessman since his childhood. With the profits from his businesses, he bought a bicycle in primary school, a motorcycle in secondary school, a car at …

By Joan Akello Mwanguzi, 25, has been working in the salon business for over two years. Though the saloon belongs to her boss, Muwanguzi says she runs it as if it is hers.  At the beginning, the owner invested Shs 300,000 but it now earns between Shs 200,000 to Shs …

By Joan Akello Mugara, 22, started working as electronics salesman in his Senior Six vacation. He quit after two years to open his own business with his Shs 1.2 million savings by sub renting a large room with other business people in Ntinda, a Kampala suburb.  He deals in electronics …

By The Independent Team P.K Gupta is the acting managing director of Crane Bank, one of Uganda’s leading indigenous banks. He spoke to The Independent about their operations and other pertinent issues in the banking industry. How does it feel being at the helm of one of Uganda’s biggest indigenous …

By Peter Nyanzi Selestino Babungi was recently appointed the first Ugandan CEO of power distributor Umeme. He spoke to Peter Nyanzi about their operations, current performance, and other pertinent issues in the energy sector. Excerpts What key aspects of your personal leadership philosophy have brought you this far? I am …

By Joan Akello Mugisha, 42, has been selling traveling bags and suitcases since 2009. In the beginning, he sub-rented a large shop at Mukwano Arcade with nine other people. Each would contribute towards paying the rent of Shs. 1.8 million per month. Over the last two years, they have remained …

By The Independent team The Uganda Development Bank Ltd (UDB) recently unveiled its new corporate identity. CEO Patricia Ojangole talked to The Independent about the milestone, their operations, as well as other pertinent issues in the banking industry. What were the reasons behind UDB’s rebranding? Corporate rebranding was one of …

By Julius Businge Low demand takes toll as local cement prices tumble This is the best time in two years to buy a bag of cement. Two years ago, a 50-kg bag of cement was retailing at between Shs 30, 000 – Shs 33, 000 at most outlets across the …

By Joseph Were Museveni’s schmoozing with Stiglitz bad news for Mutebile When President Yoweri Museveni spoke at this year’s Joseph Memorial lecture in Kampala of the desirability of a “hybrid” economy, he marked a retreat from the current free market regime to his mixed economy days of the 1980s.  Time …

  By Magnus Mazimpaka The International Telecommunication Union (ITU) appointed MTN’s Chief Operations Officer for Rwanda, Andrew Rugege, to head its Eastern Region. In five years Rugege has overseen MTN Rwanda grow from just 300,000 to almost 3 million subscribers. Magnus Mazimpaka spoke to him about his time at the …