Kampala, Uganda | ISAAC KHISA | Zimbabwe’s pay TV service provider, Kwese TV, has become the latest kid on the bloc in the provision of satellite Tv services in Uganda, with the official launch held in Kampala on Oct. 17. The firm will now tussle out with the established pay-TV providers such as …
Read More »INTERVIEW: Bidco’s $70million investment on Buvuma Island near
INTERVIEW: Kodey Rao is the managing director of Bidco Uganda Limited, the producer of edible oil. He spoke to The Independent’s Isaac Khisa about the country’s edible oil industry and the future outlook. What is the assessment of edible oil consumption in the country at the moment? Edible oil …
Read More »Cytonn eyes Kampala’s middle class with Shs 360.5bn housing projects
The new development likely to stir competition in the country’s real estate industry Kampala, Uganda | ISAAC KHISA | Kenya’s real estate investment firm, Cytonn, is set to invest Shs360.5bn (US$100million) in commercial and residential housing units in Kampala targeting middle class population, its Managing Partner and Chief Executive …
Read More »AkzoNobel now picks Crown Paints to sell Sadolin in East Africa
The new move tightens competition in the region’s paint industry Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV, which owns the Sadolin brand name in Uganda, has appointed the regional paint maker, Crown Paints East Africa, to manufacture and sell Sadolin Paint in …
Read More »Muhakanizi’s fight for UTL
UTL: Finance Minister, PS Muhakanizi says the new move is to drive internet price cuts in the country Kampala, Uganda | ISAAC KHISA | Uganda government’s new plan to procure all mobile and fixed telephony communication services as well as internet from Uganda Telecom Limited (UTL) at a lower price is …
Read More »Paul Bwiso: ‘It’s the right time to invest on the stock market’
Paul Bwiso is the chief executive officer of Uganda Securities Exchange. He spoke to The Independent’s ISAAC KHISA. How has been the performance of stock market in the past eight months ending August compared with the same period in 2016? We are down by about 50% to Shs69bn as turnover …
Read More »BUSINESS: Fight over Sadolin
Inside the AkzoNobel, Kansai Plascon tussles to control top paint brand name Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV which owns Sadolin brand name in Uganda is locked in a battle for market control with Kansai Plascon of Japan. The case …
Read More »Sanlam moves to take-over Lion Assurance
Sanlam moves to take-over Lion Assurance: Industry regulator says merger is major boost to local industry Kampala, Uganda | ISAAC KHISA | South Africa-based financial services firm, Sanlam, controls just 2% of Uganda’s insurance business but it has shown its determination to upgrade its market share with the planned …
Read More »Airtel Uganda records Shs 160bn net profit
Anwar Soussa, who supervised the record performance, quit the telecom company Kampala, Uganda | ISAAC KHISA | Telecom service provider, Airtel Uganda, ended the 2016 financial year with 85.6% growth in net profit to Shs 160.45bn on the back of improved uptake of mobile money, value added services and data. …
Read More »Clays posts Shs2bn profit
Lack of major growth in sales remains an issue Kampala, Uganda | ISAAC KHISA | Uganda Clays Limited has recorded a 70% growth in net profit to Shs2.17 billion for the six months ending June 30. The stellar performance comes on the back of its majority shareholder, the National Social …
Read More »
The Independent Uganda: You get the Truth we Pay the Price