Cash handouts, secret age-limit talks and more Kampala, Uganda | RONALD MUSOKE | President Yoweri Museveni’s countrywide tour that he says is aimed at defusing what he called “toxic” information about the Land Amendment Bill before Parliament has run into trouble with experts and opposition politicians. Edmond Owor, the …
Read More »RwandAir to host Africa airlines assembly
November event expected to attract 500 high profile delegates | THE INDEPENDENT | Rwanda’s national flag carrier, RwandAir, has finalised preparations to host the 49th Annual General Assembly (AGA) and Summit of the African Airlines Association (AFRAA) this November. The three-day event from Nov.12 to 14 will be held …
Read More »ANALYSIS: Maize worm worries
Fall armyworms are back, but government’s help isn’t Kampala, Uganda | Andrew S. Kaggwa | The rains are back but so is the dreaded fall armyworm. This time it is attacking maize at a much younger stage – meaning it will be more costly for the farmers than last season. …
Read More »RWANDA: Why Gashora girls shine in debates
Spotlight on Rwanda’s school for underprivileged girls that shapes champions | THE INDEPENDENT | When a team of young debaters from Rwanda’s Gashora Girls Academy of Science and Technology (GGAST) lifted the winner’s trophy at the inaugural Africa Debate Championships in Kampala on Sept.18, all attention shifted to how they …
Read More »What future for UDB?
Experts debate fate of finance-starved long-term funder UDB Kampala, Uganda | IAN KATUSIIME | “Should the Uganda Development Bank (UDB) seek capital from the government only? How should it work around Uganda’s short-term investment culture? Should it operate like a private sector bank or continue as the government’s band-aid effort …
Read More »Australian firm enters Uganda’s oil and gas sector
The country is looking forward for oil production by 2020 Kampala, Uganda | RONALD MUSOKE | On Sep 14, the Ugandan government signed a production sharing agreement with the Australian Armour Energy Ltd and issued a petroleum exploration licence, the first under the competitive licensing round for oil and gas …
Read More »Paul Bwiso: ‘It’s the right time to invest on the stock market’
Paul Bwiso is the chief executive officer of Uganda Securities Exchange. He spoke to The Independent’s ISAAC KHISA. How has been the performance of stock market in the past eight months ending August compared with the same period in 2016? We are down by about 50% to Shs69bn as turnover …
Read More »Rwanda again in top 10 investment nations
Uganda, Kenya, Tanzania, also ranked Rwanda | THE INDEPENDENT | Rwanda has re-entered the Top 10 list after having just missed it the past two years, according to Rand Merchant Bank’s latest `Where to Invest in Africa report for 2018’, released on Sept.18. The theme for `Where to Invest in …
Read More »Bad 2016, gloomy 2017 for banks
Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
Read More »BUSINESS: Fight over Sadolin
Inside the AkzoNobel, Kansai Plascon tussles to control top paint brand name Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV which owns Sadolin brand name in Uganda is locked in a battle for market control with Kansai Plascon of Japan. The case …
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