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
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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
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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
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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
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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
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Uganda Investment Authority (UIA), a government body in charge of promoting investments in the country is becoming tough on fake investors. Business Focus has established that since 2013, 136 ‘investors’ have lost land offers in Kampala and Namanve Industrial Parks after failing to develop it. In an exclusive interview, Hamza
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The Tony Elumelu Foundation (TEF) recently selected Vendor Capital Finance Limited, a brainchild of Anne Hope Anguyo among Africa’s 1,000 growing enterprises to watch in the Financial Services category. After making to the list, Anguyo will receive seed capital worth US$10,000 (about Shs35m) in addition to training. Business Focus had
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Senior Presidential Advisor on the Media, Tamale Mirundi believes the much advocated for financial bailout cannot work in the country. Mirundi, a former Presidential Spokesperson revealed this last week in an exclusive interview with Business Focus saying, leaders made mistakes that plunged the country in the current economic mess. “The
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