But a shift in occupier preferences towards more flexible lease terms, with shorter rent payment periods could impact occupancy levels at the lower end of the market Kampala, Uganda | ISAAC KHISA | Kampala recorded an increase in prime office occupier demand across various sectors, ranging from agriculture, food and …
Read More »Invest in productive sectors, experts tell government
Public debt increased by 35% to Shs65trillon as at December 2020 Kampala, Uganda | ISAAC KHISA | Government should prioritise financing human capital development programs amidst projected revenue shortfalls due to COVID-19 lockdown, experts say. Experts also say, amidst these tough times, the government should also keenly scrutinize loan proposals …
Read More »Banks post third profit decline in 10 years
Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …
Read More »Insurance sector records slow growth in premiums
IRA hopes that 2021 will be a better year compared with last year amidst the new wave of coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Enhanced distribution and sustainable growth in the uptake of medical and life insurance policies helped Uganda’s insurance industry to record a 9% growth in …
Read More »KCB Uganda to handle Airtel Money cash
The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …
Read More »Rubis Energie to invest US$25m in network expansion
French multinational, Rubis Energie plans to invest up to US$25million in rebranding of newly acquired Kenol Kobil and delta fuel stations countrywide. The money will be invested over a three to four years period based on demand for their products. Kampala, Uganda | ISAAC KHISA | “… we will continue …
Read More »COVID-19 slashes Uganda’s tourism earnings by 72%
The sector is showing signs of recovery as tourists starts to arrive in the country amid the pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s foreign exchange earnings from tourists’ arrivals fell 72.7% to US$440 million in 2020 highlighting the adverse effects of coronavirus pandemic on the country’s tourism …
Read More »Airtel Uganda set to invest in treasury bills, bonds
Telecom firm, Airtel Uganda, could soon start investing customers’ savings in the government’s treasury bills and bonds upon receiving a license from Bank of Uganda in fulfillment of the National Payment Systems (NPS) Act, 2020. Kampala, Uganda | ISAAC KHISA | Manoj Murali, the Airtel Uganda managing director, said the …
Read More »Equity Group profits up 64% to Kshs8.7bn
The lender has also recorded a surge in operational expenses during the same period under review Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded a huge surge in profits amidst the multi-faceted Covid-19 pandemic crisis of health, economic disruption and humanitarian challenges. Latest financial results …
Read More »Delivery firm, Glovo to reach more towns
Spanish on-demand courier service, Glovo, now plans to expand into Jinja or Entebbe as it grows its network across Uganda. Kampala, Uganda | ISAAC KHISA | The company currently partners with various businesses including retail chains such as Carrefour and fast food chains, KFC, Mr. Tasty Fried Chicken, The Food …
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