Business

By Special correspondent First national company to issue dividend Directors of Rwanda’s leading brewery by market share, Bralirwa, a subsidiary of Heineken International, has proposed a 100 percent net income dividend payout as an incentive to investors. The proposal is the first of its kind in Rwanda and will be …

By Special correspondent Shares of Bank of Kigali and MTN Rwanda up for grabs The Rwandan government expects to raise Rwf25 billion through the sale of its shares in two major companies–Bank of Kigali (BK) and MTN Rwanda–to grow capital for private sector initiatives. “We have been calling for long term …

By Haggai Matsiko Goretti Masadde is the new president of the Public Relations Association of Uganda (PRAU). Haggai Matsiko spoke to her What is company Public Relations, PR? PR is basically the successful development of relationships between the key stakeholders of the business, maintenance of these relationships and effective management. …

By Eriasa Mukiibi Sserunjogi Telecom leader explains why it’s not panicked by competitors clawing at its market share Since Warid Telecom announced a 50 percent call tariff cut mid-last month, the competition have, as expected, responded with similarly severe call tariff calls. Most mobile telephone service operators now charge Shs …

By Eriasa Mukiibi Sserunjogi Telecom leader explains why it’s not panicked by competitors clawing at its market share Since Warid Telecom announced a 50 percent call tariff cut mid-last month, the competition have, as expected, responded with similarly severe call tariff calls. Most mobile telephone service operators now charge Shs …

By Eriasa Mukiibi Sserunjogi But what makes Uganda’s lone nominee for Africa Microfinance Institution of the Year awards tick? If Ruth Wamulo, 55, of Iganga town in eastern Uganda were on the African Banker of the Year awards panel, she knows she would close her eyes to all the other …

BY HAGGAI MATSIKO Long-serving Ministry of Energy Permanent Secretary, Fred Kalisa, is considered by many people to be very smart. However, if he was employed in the private sector, he would have been fired for the various failures in his ministry. He was in charge when, despite protests and advice …

How angry Museveni letter got Tullow Oil bosses to act Kampala, Uganda |  The Independent Team |  It was an act of greed that “flabbergasted” even the President himself.  Wildcat oil explorer Heritage got paid US$1.5 billion (Approx. Shs 3.5 trillion or half Uganda’s 2010/11 national budget) for its shares in …

    By Peter Guest His response to the global economic downturn has transformed the African Development Bank Quiet streets greeted the African Development Bank’s return to Abidjan, its former headquarters, this May for its 45th annual meetings. The bank left in 2003, precipitated by the deteriorating security situation in …

By Kevin Hempel Policymakers increasingly consider youth entrepreneurship as a possible solution to the youth employment crisis. However, experts believe that only 20 percent of all people are fit to run their own businesses. Moreover, people with some experience are more likely to succeed as entrepreneurs. Last year, the title …