Economists support its revival but remain skeptical about its success as a business Kampala, Uganda | JULIUS BUSINGE | Uganda Airlines will soon be back in the skies again but the questions remain on how the national carrier will avoid the past mistakes that led to its liquidation 18 years …
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Company expects more revenue from government’s free connection policy Kampala, Uganda | JULIUS BUSINGE | Power distributor, Umeme Limited recorded a 70% jump in profit after tax for the year ended December 2018 compared to the previous year. This came after the company settling a conflict regarding a specific clause …
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Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
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Expert views on how the economy could be put on the right growth path Kampala, Uganda | JULIUS BUSINGE | There is a general consensus that Uganda’s economy has recently improved and now is doing well. This is coming from highly respected institutions like the International Monitory Fund, World Bank, …
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Private sector players ask for affordable electricity to power industries Kampala, Uganda | JULIUS BUSINGE | On March 21, President Yoweri Museveni commissioned the Isimba Hydropower Dam, adding 183MW to the national grid. But the private sector, who consume most of the electricity accounting for 20% of their production …
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What local businesses need to reap from the lucrative sector Kampala, Uganda | JULIUS BUSINGE | There is need for partnerships, connections, networking, trust, perseverance, access to credit, and promising what you can deliver. These were the messages that most speakers that took part in Stanbic Bank’s second edition of …
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Coffee companies reap from URA’s Electronic Single Window System Kampala, Uganda | JULIUS BUSINGE | Coffee exporters are now realising the benefits of the Electronic Single Window system that was unveiled across the region four years ago. The Electronic Single Window is a computer aided system that enables companies to …
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EFC Uganda Limited also known as EFC Uganda is a microfinance deposit-taking institution in Uganda and has been operating since 2012. The company’s Managing Director Shem Kakembo spoke to The Independent’s Julius Businge about their business. What is your description of EFC as a business as we speak? Our business …
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Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …
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Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …
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