Overall performance was hindered by a jump in tax expenses Kampala, Uganda | ISAAC KHISA | A nearly double growth in income tax expense bullied Uganda’s electricity distributor, Umeme, to record a merely 0.3% growth in net profit to Shs 61.2bn for the past six months ending June.30. The company’s …
Read More »Rent in Kampala’s city centre remain stable
Future real estate developments hinge on the newly passed Landlord-Tenant Bill Kampala, Uganda | ISAAC KHISA | Rent for office space in prime locations in Kampala City has remained stable for the past six months. Property agency firm, Knight Frank has attributed this to the increasing number of tenants seeking …
Read More »The Independent’s Khisa wins APO invite for Africa Hotel Investment forum
Kampala, Uganda | THE INDEPENDENT | APO Group, the leading media relations consultancy and press release distribution service in Africa and the Middle East, has announced The Independent journalist’s Isaac Khisa winner of its 2019 Africa Hotel Investment Forum (AHIF) award. The winner gets an invitation, fully paid, to attend the 2019 …
Read More »MTN Uganda records 30.5% growth in revenue to Shs765bn
Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …
Read More »Behind Sudhir win
Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …
Read More »Crane Bank ‘ghosts’ haunts dfcu
The lender has recorded a drop in profits again Kampala, Uganda | ISAAC KHISA | Did dfcu mess up its growth trajectory with the acquisition of Crane Bank assets? How can it evolve to make more money for the shareholders? dfcu management seems to be grappling with these questions following …
Read More »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
Read More »Targeting NSSF money
The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …
Read More »Kenya Re eyes Ugandan market as profits fall
Kenya Reinsurance Corporation (Kenya Re) has set up a year-end deadline to open up a subsidiary in Kampala, according to its Chief Executive Officer, Jadiah Mwarania. Kampala, Uganda | ISAAC KHISA | Mwarania, who held an investor briefing in Nairobi on August.02 said the decision by countries such as Uganda, …
Read More »Britam clinches deal with Uganda Airlines
UK-based insurer in Uganda, Britam, has once again won a business deal with the government to provide insurance cover, this time for Uganda Airlines. Kampala, Uganda | ISAAC KHISA | Willis Towers Watson is the airlines’ insurance broker. Britam CEO, Allan Mafabi confirmed to The Independent on Aug.02 that they …
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