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Airline industry sees higher profits in 2017

Cancún, Mexico | AFP |  The International Air Transport Association (IATA) increased its profit forecast for the global airline industry Monday, citing surging demand. Total profits for the group’s 275 member airlines are now expected to hit $31.4 billion this year, up more than five percent from the previous forecast …

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Uganda’s 2017/ 18 budget

Business leaders want economic reforms to boost the economy Planned government borrowing and increased taxes to fund the Shs29 trillion budget for financial year 2017/2018 have left investors and business leaders worried about the coming year, ahead of the budget announcement next week, an informal survey by The Independent has …

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UAE’s Etihad to suspend flights to Qatar

Abu Dhabi, United Arab Emirates | AFP |  Abu Dhabi’s Etihad Airways said Monday it would suspend flights to Qatar after the United Arab Emirates was among major Gulf states to sever ties with Doha in an unprecedented regional crisis. Etihad said flights would stop on Tuesday, after the UAE, …

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Traders protest increased property tax

THIS WEEK: Kampala traders are up in arms over increased property and commercial tax in the city levied by Kampala Capital City Authority (KCCA). Some of the properties include business arcades which house majority of businesses in the city. Several of the traders who appeared at the valuation court at …

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UGANDA AIRLINES: Museveni meets Airbus representatives

President meets Airbus representatives, assures Ugandans, “Uganda Airlines will succeed” Entebbe, Uganda| PPU| President Yoweri Kaguta Museveni has said that once revived, the Uganda Airlines will succeed mainly because of the direct travel opportunities that it will offer its citizens in the diaspora, the business community  and tourists. He said the …

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Museveni launches initiative on skilling the girl child

Kampala, Uganda | PPU |  President Yoweri Kaguta Museveni has launched “The presidential initiative on skilling the girl child” at the Northern Wing of Wandegeya market outside Kampala. The Presidential Initiative on Skilling The girl child, aims to reduce on the unemployment rates by offering  girls extra skills in baking, tailoring, weaving, shoe-making …

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