Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …
Read More »Umeme’s profit rebound
Big industries boost company sales in first half of 2018 Kampala, Uganda | ISAAC KHISA | There is good news at Umeme Limited. The power distributor has recorded an increase in net profit by Shs20bn to Shs61 billion in the first half of 2018 compared to the same period a year …
Read More »Shoprite to open new outlet in Bugolobi
Kampala, Uganda | ISAAC KHISA | South Africa’s retail chain, Shoprite, has taken up the advantage of the exit of Kenya’s biggest retail chains to cement its foot print in Kampala. Two of Kenya’s top retail chains – Uchumi and Nakumatt –exited the Ugandan retail chain market in the past three …
Read More »Rethink Kampala’s street vendors
Kampala, Uganda | ISAAC KHISA | Hala Al-Karib is the regional director for the Strategic Initiative for Women in the Horn of Africa (SIHA), an organization that seeks to unlock potential of women’s rights movement. She spoke to The Independent’s Isaac Khisa about street vending in Kampala. What is your management …
Read More »Mergers, acquisitions loom for insurers
Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …
Read More »Cipla to raise Shs168bn in IPO
Kampala, Uganda | ISAAC KHISA | Drug manufacturing firm, Cipla Quality Chemical Industries Limited, hopes to raise at least Shs168.56bn through an Initial Public Offer that opened on August 14-24. The firm that is 62.3% owned by India’s Cipla, is offering 657.17million shares at a cost of Shs 256.5 per share. …
Read More »BT Cotton Opportunity
Local players unhappy with govt’s shelving of biotechnology law Kampala, Uganda | ISAAC KHISA | When confined field trials for insect-resistant and herbicide-tolerant BT cotton started at the National Semi Arid Resources Research Institute (NaSARRI) with support from the US-based Monsanto in 2006, researchers thought farmers would no longer worry of …
Read More »Kampala’s surging residential properties
Supply of residential apartments in prime suburbs could exceed demand over the next two years Kampala, Uganda | ISAAC KHISA | Demand for residential properties in the secondary residential surburbs of greater Kampala has risen up on the back of increased stock of newly constructed properties, according to the latest report …
Read More »Investors lose land in industrial parks
Limited access to water, electricity and roads remains a big headache in these areas Kampala, Uganda | ISAAC KHISA | Uganda Investment Authority (UIA) has withdrawn land allocated to 164 firms in the industrial and business parks over the last five years due to non-compliance to the set terms. The Authority’s …
Read More »Uganda Airlines and the ‘orphaned’ Airbus A300-800 neo
Aircraft might turn out to be difficult to maintain, finance and resell Kampala, Uganda | ISAAC KHISA | On July 18, Uganda’s aviation sector marked a new beginning. The government signed agreements with two aircraft manufacturers, Airbus and Bombardier, for delivery of six airplanes during the Farnborough Air Show, ahead of …
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