Kampala, Uganda | THE INDEPENDENT | The Common Market for Eastern and Southern Africa, is set to introduce the use and distribution of seed labels and certificates as a way of improving access to quality seeds in the region. This is because more than 130 million people in the region …
Read More »Ugandans should look to Banks for financing when constructing their homes
Kampala, Uganda | JACKSON EMANZI | In most developed countries building a house is a capital-intensive venture which requires a well-developed plan and readily available finances. This ensures the construction starts and is completed on time and the quality of the build is generally not compromised. In Uganda however as in …
Read More »Uchumi Supermarkets’ losses increases
Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …
Read More »Uganda’s telecom market too small for seven players?
Kampala, Uganda | ISAAC KHISA | Senior executives in Uganda’s leading telecom companies have always said the country’s mobile phone market has room to grow but it is too small to support all of the seven telcoms. And the assertion seem to have come to pass, with the British based telecom, …
Read More »Inside the SGS contract saga
The government is yet to decide on whether or not to terminate the motor vehicle inspection deal Kampala, Uganda | JULIUS BUSINGE | The Uganda government is in a fix. Suspend and cancel the contract awarded to the Switzerland based firm, SGS, to carry out a motor vehicle inspection and possibly …
Read More »KAGAME: Focus on development
President Kagame pushes for delivery on development targets at leadership retreat Kampala, Uganda | THE INDEPENDENT | Rwandan President Paul Kagame’s key message at the opening of the country’s 15th National Leadership retreat (Umwiherero) at Gabiro in Gatsibo district was a call to leaders to deliver on the country’s development vision. …
Read More »Kenya raises US$2bn in new Eurobond
Kampala, Uganda | THE INDEPENDENT | On Feb 22, Kenya’s Treasury said it raised US$ 2 billion in a new sovereign bond issue listed at the London Stock Exchange (LSE). The Treasury said the Bond attracted a significant level of interest leading to over subscription. “This issue was seven times …
Read More »Bad economy pushes Kasaija, Muhakanizi in tight corner
Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …
Read More »The poverty paradox
UGANDA: Why economic development tends to increase social insecurity leading to anger THE LAST WORD | ANDREW M. MWENDA | A couple of months ago, the Uganda Bureau of Statistics produced its survey showing that between 2012 and 2017, the number of people living in poverty increased from 19 to 27%. This provided …
Read More »Wauconda villagers bothered by Black Panther
Kampala, Uganda | THE INDEPENDENT | Residents of a small American village have been left baffled and puzzled by prank calls from people claiming to have discovered the home of Black Panther superhero, T’Challa the Marvel. The hero is king of a fictional African country of Wakanda – outwardly ordinary, …
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