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Posts published in “Business”

Pilot of new Uganda Bombardier jet: I am proud of my country today

Captain Clive Okoth, the man who was in charge of one of the new 5X-KOB CRJ 900 Bombardier jets from Canada to Uganda has expressed satisfaction with the direction the country has taken by reinvesting in the airline. Shortly after landing one of the two aircrafts at Entebbe Airport at 9:00am today, Captain Okoth remarked; […]

PHOTOS: Uganda Airlines Receive Two Bombardier Jets

Uganda Airlines has received its first two Bombardier jets at a colorful ceremony held at Entebbe International Airport. The birds touched down at the airport on Tuesday morning after a slight drizzle. They were welcomed by President Museveni who was accompanied by high ranking government officials. In 2018 Uganda ordered for four CRJ900 from the […]

Samsung delays launch of folding galaxy smartphone

Samsung said Monday it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers. Some reviewers who got their hands on the Galaxy Fold early reported problems with screens breaking. Samsung said it decided to put off this week’s planned release of the Fold after some reviews “showed us how […]

New Planes: Museveni to Grace Uganda Airlines Event at Entebbe

Preparations are in high gear as the revived Uganda Airlines moves to receive the first two Bombardier CRJ900 regional jets, Chimp Corps report. The ceremony, which will be presided over by President Museveni, will be held at Entebbe International Airport on Tuesday, April 23, 2019. Guests will be treated to great cultural entertainment, according to […]

Emir of Qatar in Rwanda to Strengthen Bilateral Cooperation

The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, is in Rwanda where the two countries signed bilateral business agreements. Sheikh Tamim was on Sunday received at Kigali International Airport by Rwandan President Paul Kagame and high ranking state officials. The duo would later hold official talks at the President’s office in the capital […]

Excitement, anxiety as Uganda prepares to revive national airline

After an over 20 years wait, Ugandans will tomorrow proudly see the resurrection of its national airline with the arrival of two bombardier CRJ900 jets. These are the first of a four jet consignment valued at over Shs 700 billion from Canadian Jet manufacturer Bombardier Commercial Aircraft. After the planes arrive, they are expected to […]

MPs Root for Robust Extension Services to Boost Coffee Production

Members of Parliament have called for adequate extension services to improve coffee production in the country. MPs said that poor coffee handling practices can be attributed to lack of proper education of coffee farmers on best practices, which has inevitably affected quality. “Extension workers can go a long way in improving the production of coffee […]

Tropical Bank bankrolls 2019 UMEA Muslim Solidarity Games

BY Paul Mayambala Tropical Bank Uganda Limited has bankrolled the 2019 UMEA Muslim Solidarity Games with a financial support UGX 6.8 M (Six Million Eight Hundred and forty Thousand shillings) only. The cheque was officially handed over to the UMEA Sports organising committee chairman Hajji Twahil Kiteezaala. Dr. Sulaiman Lujja, the Manager Islamic banking at […]

Facebook ‘unintentionally’ uploaded email contacts of 1.5 million users

Facebook Inc said on Wednesday it may have “unintentionally uploaded” email contacts of 1.5 million new users since May 2016, in what seems to be the latest privacy-related issue faced by the social media company. In March, Facebook had stopped offering email password verification as an option for people who signed up for the first […]

Erratic power supply riles Arua business community

NALWADDA NSANGI  Electricity users in West Nile have decried the continued adverse inconsistency and insufficiency of power in the region despite the increased water volumes in Nyagak River. The business community plus other electricity users expressed disappointment over the poor service of WENRECO, the firm that runs the power franchise in the district,  saying that […]

KCCA’s Legal Affairs Chief, Ouma, Leaves

It was an emotional Thursday evening as Kampala Capital City Authority (KCCA) bade farewell to its Acting Director for Legal Affairs, Charles Ouma. Speaker after speaker described Ouma as “honest”, “industrious”, “amiable” and “social.” “Charlie (Ouma) has distinguished himself as a unique advocate with a very good temperament and great emotional intelligence,” said KCCA Acting […]

Support small-scale farmers in coffee sector

Members of Parliament have called for adequate extension services to improve coffee production in the country. MPs said that poor coffee handling practices can be attributed to lack of proper education of coffee farmers on best practices, which has inevitably affected quality. “Extension workers can go a long way in improving the production of coffee […]

Vivo Energy Uganda Commissions Fuel & Lubes Management Systems In Kampala

Vivo Energy Uganda has handed over a Fuel and Lubricants Management system to its commercial customers Markh Investments Limited in Ntinda and Q3 Holdings Limited in Bweyogerere. The Fuel and Lubricants solution is a customized solution designed to help customers with big fleets reduce their operating costs, save time and improve productivity. Shell products are […]

Bageine To Lead Dfcu’s Consumer Banking Docket

Dfcu Bank has appointed Miranda Bageine as the Acting Head of Consumer Banking replacing Denis Kibuka who recently left the Bank to pursue other interests. Mrs Bageine will in the meantime also continue to hold her position as Head of Personal Banking. Rukh –Shana Namuyimba, the Communication Manager at Dfcu Bank says Kibuka who has […]

KOICA sponsored Soroti Fruit factory ready to open doors for business

The Korea International Cooperation Agency (KOICA) and Uganda Development Corporation (UDC) have set up a Soroti Fruit Limited (SOFTU). SOFTU is meant to reduce poverty and improve the household income of fruit farmers in Teso region and beyond. The factory located in Soroti industrial park, Arapai sub county, was established following a memorandum of understanding […]

Vivo Energy Uganda Launches Easter ‘Fuel Save Fiesta’ Promotion

Vivo Energy Uganda has on Thursday 18 launched it’s shell fuel save Easter fiesta promotion in an event held at Shell Bugolobi. With the aim of giving back to their customers, the promotion will allow motorists and divers get free fuel on every refill from Shs 20,000 and beyond. Speaking to Journalists at shell Bugolobi, […]

DFCU Boss To Employees: Focus On Making Yourselves Professional Personnel

Dfcu Bank recently held a luncheon for a special group of its staff that had excelled in their individual roles in 2018. The luncheon that was held at the DFCU Head office in Kampala was mainly to appreciate and reward the exceptional employees (A-Raters) that were selected after a meticulous grading and a rigorous process […]

Museveni: Uganda was Second Largest Cotton Producer for British Factories

President Yoweri Museveni who is the Commander-in-Chief of the Defence Forces, has re-emphasized the need for Officers and men of the Uganda People’s Defence Forces (UPDF) to be patriotic, appreciate and internalize fully the meaning of patriotism. The President was on Wednesday interfacing with Officers and men of the Special Forces Command (SFC) at 10 […]

The legal vacuum on mobile money, blockchain transactions and smart contracts

By Harold Turigye There has been justified tension resulting from the amorphous legal nature and consumer protection of the telecom business, digital financial services and blockchain transactions both in our jurisdiction and globally. The role of the respective governments to issues guidelines, establish institution to control the virtue market area has been left unattended to […]

MTN Momo Pay now able to allow cashless payments at supermarkets

By Lydia Nabawanda     MTN Uganda has launched a new electronic system of payment called Momo Pay. Using the system, mobile users will now be able to transact without cash at any supermarket and any other retail shops. The telecom company says this is one of the initiatives in pushing the country towards a cashless economy. […]

MPs: Uganda Airlines Must have Own Ground Handling Services

Ugandan lawmakers have demanded better ground handling arrangements as government prepares to launch Uganda National Airlines, Chimp Corps report. This was during an interface between Ministry of Works and Transport and Parliament’s Physical Infrastructure Committee at Parliament on Wednesday. Igara East MP Hon. Michael Mawanda asked the Ministry to provide particulars of the companies responsible […]

Kasekende: Fraud, Collusion and Insider Lending Behind Collapse of Ugandan Banks

Bank of Uganda (BoU) has cautioned against “bureaucratic” resolution of troubled banks, saying failure to take a “proactive” action could see financial institutions fall prey to “predatory behaviour” of their managers and shareholders. Deputy Governor Louis Kasekende said “speed is of the essence to preserve the residual assets of any failing bank so as to […]

UNBS clarifies on Pearl Salt on market

The Uganda National Bureau of Standards (UNBS) has released a statement, clarifying on Pearl Salt, which is on market. “Our attention is drawn to media reports attributed to the Member of Parliament for Kilak South Constituency Hon. Gilbert Olanya, about the quality of Pearl Salt on the market. The salt brand in question bears the […]

UNBS clarifies on Pearl Salt on market

The Uganda National Bureau of Standards (UNBS) has released a statement, clarifying on Pearl Salt, which is on market. “Our attention is drawn to media reports attributed to the Member of Parliament for Kilak South Constituency Hon. Gilbert Olanya, about the quality of Pearl Salt on the market. The salt brand in question bears the […]

Min. Anite To New UIA Board: Focus On High Quality Foreign Investors

The Minister of State for Finance Hon. Evelyn Anite has today Wednesday officially inaugurated the new 7 Uganda Investment Board (UIA) members who were appointed by the Ministry of Finance after the term of the old board expired.Minister of State for Finance At the ceremony held today at the UIA offices in Kampala, the Minister […]