Mohammed Hamid, one of Uganda’s leading entrepreneurs, is the Chairman and founder of Aya Group, a $300 million (annual revenues) Ugandan conglomerate with interests in milling, food manufacturing, commodity trading, transportation and hospitality. Aya Group recently launched Pearl Of Africa, a landmark hotel in Kampala which cost more than $300
Read More
For Many years, Uganda’s pension coverage has been skewed towards the formal sector, specifically through the National Social Security Fund (NSSF), excluding the informal sector, persons who are self-employed and those working in Small and Medium Enterprises (SMEs). However, Uganda Retirements Benefits Regulatory Authority (URBRA) has started opening up the
Read More
In April, Kwese Sports won free-to-air and subscription TV rights for the 2018 Fifa World Cup as they announced themselves an emerging big player in the African sports television market. The rights cost the company around $34m as Fifa pocketed a decent profit after sub-Saharan Africa’s top TV companies splashed
Read More
The Lotteries and Gaming Regulatory Board (LGRB) came into existence in 2016 following the enactment of the Lotteries and Gaming Act, 2016. In an interview with Business Focus (BF) on August 15, at their head offices at Communications House in Kampala, Edgar Agaba (EA), the Chief Executive Officer at LGRB
Read More
Uganda has imported over 54 million litres of fuel in the last 10 days, Business Focus exclusively reports. This was revealed by Dicksons Kateshumbwa, the Commissioner Customs Department at Uganda Revenue Authority (URA) while responding to media reports that hundreds of fuel trucks were stuck at Busia border as a
Read More
Dr. Frank Sebbowa, the former Uganda Investment Authority (UIA) retired from public service last year. In April 2017, Jolly Kaguhangire replaced Sebbowa as UIA’s substantive Executive Director. Sebbowa has since joined the private sector; he is the Chief Executive Officer at Frank Energy Consultants, a company he co-founded early this
Read More
Diane Rwigara might be the unusual stimulus the system really needs. Courageous, stubborn and passionate – these are the characteristics that best define her. We are in the thick of a revolution in Africa. The power paradigm is shifting before our very eyes. After many years of having men in
Read More
Kwese Sports recently signed a four-year deal with Union of European Football Associations (Uefa) and Fifa, giving it broadcast rights for the Uefa national team football matches, 2018 World Cup and Euro 2020 across the continent with an exception of South Africa, raising competition for sports viewership in Uganda and
Read More
Effective June15, 2017, MTN Uganda revised its Mobile Money sending and withdrawal fees. A critical analysis of the new rates shows a general increment. For example, the revised tariffs available on MTN Uganda website indicates that sending between Shs250, 001 to Shs500, 000 to MTN registered users will increase to
Read More
Ecobank Uganda posted profits for the first time since joining the Ugandan market in 2008. The bank made a net profit of Shs813m in 2016, up from a loss of Shs764m in 2015. The bank also saw its loans advanced to customers slightly increase to Shs117.3bn, up from Shs116.9bn in
Read More
