New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …
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Kampala, Uganda | THE INDEPENDENT | Oliver Lalani is the Executive Director at Roofing Rolling Mills (RRM). He spoke to Isaac Khisa about Uganda’s steel industry and its future outlook. What is your assessment of the performance of Uganda’s steel industry in the country at the moment? The Steel industry …
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Casablanca, Morocco | AFP | Chinese electric car manufacturer BYD on Saturday signed an agreement to open a factory near the Moroccan city of Tangiers to build battery-powered vehicles, officials said. BYD will become the third car manufacturer, after Renault and Peugeot of French, to construct cars in the North …
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Kinshasa, DR Congo | AFP | Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo, a potential market of 80 million people but one beset by poverty and political instability. “We will close our factory and offices by the …
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THIS WEEK: CIC Insurance to sell insurance in the extractive industry Kampala, Uganda | THE INDEPENDENT | Regional insurance firm, CIC Insurance, is set to unveil a comprehensive cover targeting mining, oil and gas industry players, according to Kenya’s Business Daily. Group general manager for marketing and distribution, Joseph Kamiri, said …
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Kampala, Uganda | THE INDEPENDENT | Mabale Growers Tea Factory Limited is a key player in Uganda’s tea sector. Rogers Siima, the company’s general manager spoke to The Independent’s Julius Businge about its operations and the country’s tea sector What is your general assessment of the tea sector in Uganda at …
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Paris, France | AFP | It’s November 22, 2028 and Sarah, a young mother, gives her two children a kiss goodbye before buckling them into the driverless car that will bring them to school. Sarah doesn’t have a car and has no plans to buy one. Living in a suburb, she …
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Fine Spinners plan to sell T-shirts at US$3 on the local market Kampala, Uganda | ISAAC KHISA| It is Oct. 17, eighteen representatives of importers from Germany are touring Fine Spinner’s garment factory in Bugolobi, a Kampala suburb filming various activities and to ascertain the company’s production processes and capacity. Later, …
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Kinshasa, DR Congo | AFP | Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said Monday. “We have decided on the temporary restriction of imports in the western part of …
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Kampala, Uganda | PPU | President Yoweri Kaguta Museveni has this morning launched the Kkubiri Furniture Makers Development initiative,workshop. The furniture makers group has been supported by the President through his office, equipping their workshop with modern furniture making equipment. The KKubiri Furniture Makers Development Initiative has a membership of over 1000 people organised …
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