Kampala, Uganda | ISAAC KHISA | International Air Ambulance (IAA) Healthcare, a leading Health Membership Organisation in Uganda has announced that it will not cater for medical bills for any of its clients infected with coronavirus. This follows declaration of the disease as pandemic by the World Health Organisation. …
Read More »Coronavirus global effect on business sectors hits Canada
London, UK | Several biggest industries across the whole globe have been affected on the first stage. The first sector was on tourism and air transportation. The flights got cancelled with rapid speed all over the world. Many airline companies declined and rescheduled flights to almost every single country. Once …
Read More »NC, CBA banks to conclude Uganda merger in the second quarter
Kampala, Uganda | Isaac Khisa | Kenyan-based lenders, Commercial Bank of Africa and NC Bank, are expected to finalize their merger in the second quarter of this year subject to the regulatory approval. The two banks submitted their request to merge their operations to Bank of Uganda late last year. Releasing the …
Read More »Umeme records Shs139bn net profit
Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …
Read More »Equity bank, FSDU to boost refugee’s livelihoods
Looming project will promote financial inclusion and economic prosperity Kampala, Uganda | JULIUS BUSINGE | Financial institutions are carrying out a study to inform potential investors about the viability of doing business in refugee settlement areas and host communities. Equity Bank, Financial Sector Deepening Africa, Financial Sector Deepening Uganda and …
Read More »UN agency unveils $15m digital project
It is targeting one million people in key economy sectors Kampala, Uganda | JULIUS BUSINGE | Small and medium businesses in northern Uganda now have a big opportunity to exploit from a Shs57bn new project that aims to use information technology tools to offer services for the next five years. …
Read More »Musinguzi new URA boss, Atingo-Ego BOU deputy governor
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Musinguzi has been presidential advisor on ICT and investment and board chairman of the National Information Technology Authority (NITA). He will replace …
Read More »MTN Uganda records 12.5% growth in revenue
The telco is said to have agreed to pay $100-million for the renewal of its operating licence Kampala, Uganda | ISAAC KHISA | A double digit growth in data and mobile money services helped MTN Uganda to record a 12.5% growth in revenue to Shs1.4trillion last year compared with 2018. …
Read More »Business hit hard as taxis are grounded in Luweero town
Luweero, Uganda | THE INDEPENDENT | Several traders and proprietors of restaurant in Luweero Taxi Park are crying foul following the ban on public transport. On Wednesday, President, Yoweri Museveni announced a 14-day travel ban on public transport to curtail the spread of Coronavirus disease (COVID-19) in the country. On Thursday, taxi …
Read More »KYAMBADDE: Police and LDUs should stop beating people
Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said that shops that are not within markets should not be closed. She also warned Police and Local Defence Units (LDU) teams to stop beating people, and urged traffic officers to refer those …
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