But China retained the top slot as seller of products to the East African nation Kampala, Uganda | ISAAC KHISA | United Arab Emirates has retained its position as the biggest buyer of Ugandan products for the fourth consecutive year after making orders worth US$1.84 billion from Kampala in 2020, …
Read More »Uganda Airlines’ Airbus A330-800Neo aircraft remain grounded
UCAA’s delay in concluding aircraft certification process cited Kampala, Uganda | ISAAC KHISA | State owned Uganda Airlines has secured landing slots at London Heathrow International Airport in the United Kingdom and Dubai International Airport in the United Arab Emirates but it is not ready to start servicing the routes, …
Read More »Gold surpass tourism, coffee as Uganda’s biggest foreign exchange earner
But the source of the precious commodity remains unknown Kampala, Uganda | ISAAC KHISA | Gold has surpassed tourism and coffee to become Uganda’s biggest earner of foreign currency amidst concerns over its source. Latest data from the central bank shows that the east African nation exported 35,943 kilograms of …
Read More »Real estate pandemic pain
Industrial sector rent remains stable as that of office and residential falls Kampala, Uganda | ISAAC KHISA | Rents in industrial sector has remained stable amidst the coronavirus pandemic as that of office and residential sectors take a southward trend. The Knight Frank’s latest Kampala market performance review shows that, …
Read More »DSTV cuts Showmax subscription costs
Kampala, Uganda | Isaac Khisa | ShowMax, the Multichoice owned TV streaming service, will be charged half price to all DStv Access, Compact and Compact Plus customers when they add the streaming platform service to their DStv bill. However, the company’s premium subscribers will access ShowMax free of charge, potentially providing customers with …
Read More »Kenya slumps into first recession in two decades
As Kenya becomes the latest African country to succumb to the economic fallout of the virus, can its economy rebound in 2021 as a deadly second wave sweeps the continent? | TOM COLLINS | Kenya’s economy slumped into a recession for the first time in almost two decades after GDP …
Read More »Housing Finance Bank inks housing deal with Buganda Kingdom
Uganda’s housing deficit stands at 2.4 million units, out of which 210,000 are in urban areas Kampala, Uganda | ISAAC KHISA | Uganda’s Housing Finance Bank has inked a business deal with the Buganda Land Board and the Chinese construction firm, Guoji Group Company, to provide mortgage facilities to prospective …
Read More »Internet shutdown: Consumers can sue telecom firms for breach of contracts during the elections
Kampala, Uganda | THE INDEPENDENT | Isaac Khisa | Uganda has concluded the 2021 General Election with the voting of the president, MPs and the Local Councils. Charity Ahimbisibwe, the National Coordinator at the Citizens Coalition for Electoral Democracy in Uganda (CCEDU) spoke to The Independent’s Isaac Khisa in an exclusive …
Read More »Uganda turns to foreign lenders again to secure Shs 10.3 trillion
But isn’t the country’s public debt gravitating towards a crisis? Kampala, Uganda | ISAAC KHISA | The National Resistance Movement administration plans to borrow Shs10.3trillion from external lenders in the FY 2021/22 that starts in July, according to the latest Budget Framework Paper, maintaining the country’s momentum towards the debt crisis …
Read More »Banks see a positive outlook this New Year
Uganda’s economy is slowly opening up amidst coronavirus pandemic, rising hope for the banking industry’s quick recovery. The Independent’s Isaac Khisa caught up with the Absa Bank Uganda Managing Director, Mumba Kalifungwa, and shares the industry’s projected performance and the future outlook. What do you make of Uganda’s banking industry …
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