Tag Archives: Business

Natalie Bitature, the proprietor of Musana Carts, the solar street-vending revolution, spoke to Nicole Numubiru about her award-winning Musana Cart, which provides urban street vendors with a cleaner, safer, more efficient solution to their cooking, storage and financing needs. The Musana Cart is an environmentally-friendly, solar-powered vending cart that is …

Pension sector assets topped Shs 6.5 trillion in 2015, a new report by the Uganda Retirements Benefits Regulatory Authority (URBRA) has shown. URBRA CEO David Nyakundi told journalists that the increase in the assets was attributed to the improving quality of governance in both public and private schemes in the …

  2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE).  Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety.  Some 21% of NSSF’s total value is in equities, with 73% …

Lagos, Nigeria | AFP | Every morning, Mama Biliki prepares small bags of popcorn outside her ramshackle house in Ajegunle, one of Lagos’ poorest neighbourhoods, to sell by the roadside for 50 naira each. On a good day, she reckons she can earn about 5,000 naira ($16, 15 euros) hawking …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

NBS: The internal conflict in south Sudan is beginning to take its toll on Ugandan business community who were doing business in south Sudan. As Ugandans return home, they are worried about their businesses, which were thriving before violence broke out recently. Share on: WhatsApp

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

Fatma Abubakar is the DHL Uganda country manager. She spoke to Flavia Nassaka about the performance of the logistics and shipping industry. What are the key elements in your management style as a manager? I don’t lock my door; I believe in an open-door management style. I believe in people …