But should Dr. Ha – Joon Chang’s push for more state intervention in the economy be the future? Kampala, Uganda | JULIUS BUSINGE | The guest speaker at the Bank of Uganda’s flagship annual lecture series; the Joseph Mubiru Memorial Lecture, is usually a distinguished individual in the field of finance, …
Read More »Karuma dam construction reaches 71%
Kampala, Uganda | JULIUS BUSINGE | Physical progress of works (civil, hydro-mechanical and electro-mechanical) of the construction of the 600MW Karuma hydro-power dam is now at 71% completion rate ahead of official commissioning in December next year. The dam, which is constructed under the ground, is costing the government of Uganda …
Read More »How African governments can grow their pension sectors
Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …
Read More »NSSF’s Byarugaba sets new target
But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …
Read More »EAC revenue bodies chase more taxes
Kampala, Uganda | JULIUS BUSINGE | The East African Revenue Authorities are facing similar challenges – a small tax base because of a huge informal sector, tax evasion, limited human resource personnel and volatile economy. Others are poor information technology systems and connectivity, political uncertainties and delays in dispute resolution. In …
Read More »Sadolin offers Shs 50 million to support Ugandan architects
Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint injected Shs 50 million in the just concluded Uganda Society of Architects Annual General Meeting (AGM), a move that company officials said would boost the association’s work thereafter. Speaking to The Independent on the sidelines of the AGM at Pearl of Africa Hotel …
Read More »Liquid telecom, FSDU to support data market start-ups
Kampala, Uganda | JULIUS BUSINGE | Liquid Telecom in partnership with Financial Sector Deepening Uganda will Thursday Nov.30 launch Data Hack4FI competition at an innovations hub – Innovation Village. Liquid telecom will showcase its products to the public at the hub located in Ntinda, a Kampala suburb. Officials from the two …
Read More »Uganda needs new investors to consume excess electricity
Why Uganda needs to attract new investors to consume excess electricity Kampala, Uganda | JULIUS BUSINGE | On Nov. 16, power distributor, Umeme Limited held a media dialogue in Kampala where top managers – Selestino Babungi (managing director) and Sam Zimbe (deputy MD) answered questions about their work since 2005. The …
Read More »New acquisition boosts Sanlam’s market share
The company acquired LAC at US$ 6.5million Kampala, Uganda | JULIUS BUSINGE | South Africa-based financial services firm, Sanlam, has upgraded its market share in Uganda with the acquisition of Lion Assurance Company (LAC) at US$6.5million. This follows approval from the Insurance Regulatory Authority of Uganda (IRA-U) nearly two weeks …
Read More »MTN hands over $27,000 to innovation awards winners
Kampala, Uganda | JULIUS BUSINGE | MTN Uganda’s Chief Marketing Officer, Olivier Prentout has today handed over US$27,000 (Shs 97 million) in cash to the nine winners of the recently MTN Innovation Awards 2017 held in Kampala. Each of the nine winners were handed $3000 (Shs10.8 million), the company said in …
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