✳ CLICK TO FOLLOW LIVE UPDATE Entebbe, Uganda | THE INDEPENDENT | Turkish Airlines flight number 606 was today forced to return to the ground after a bird strike during take-off. The A330 however had to fly around Kampala and Entebbe for over an hour to burn fuel to achive the right …
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Updated for the first time since 2008, the new ‘200 Greatest Singers of All Time’ list includes Miriam Makeba, Tabu Ley, and Burna Boy, among others. SPEICAL FEATURE | BIRD AGENCY | Rolling Stone, one of the world’s leading music publications platforms, kicked off the new year with an update …
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Just as the COVID-19 pandemic improved risk awareness amongst the public and enterprises of all sizes towards embracing insurance, so should the current global environment emphasise the need for Risk Management Products COMMENT | RAHMAH MASAGAZI | Even as humanity collectively embarks on the painstaking journey of recovery from …
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Kampala, Uganda | THE INDEPENDENT | Ghana’s December announcement that it was suspending debt payments to selected creditors heightened the debate over the sustainability and risk levels of African debts. The announcement took many by surprise, that the economy was so bad it needed such drastic measures. Lest we forget, and …
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Kampala, Uganda | THE INDEPENDENT | Theft and vandalism are some of the reasons why Uganda’s electricity sector has failed to bring down energy losses blamed for high electricity tariffs. Energy losses are the difference between the energy produced and purchased by the distributor and that sold to the final consumer. …
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Seoul, South Korea | Xinhua | South Korea’s tech firm LG Electronics saw its operating profit tumble in the fourth quarter of last year, the company said Friday. Preliminary operating profit came to 65.5 billion won (51.9 million U.S. dollars) during the October-December quarter, down 91.2 percent from a year earlier. It missed …
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Kampala, Uganda | THE INDEPENDENT | The recent start of fuel transportation by the MT (Motor Tank) Kabaka Mutebi II along the Kisumu-Entebbe route is a potential disruption in the entire delivery chain, according to experts. The ship which is said to have the capacity to carry 4.5 million litres at …
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Kampala, Uganda | ISAAC KHISA | Local telecommunication devices and airtime solutions provider Simba Telecom has confirmed plans to enhance its market presence and effectiveness by improving its retail distribution capacity. The Simba Group operating subsidiary, which is also integrated telecommunications firm MTN’s lead distribution partner, is investing about US$1,000,000 in …
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San Francisco, USA | Xinhua | Amazon CEO Andy Jassy said Wednesday evening the company planned to eliminate over 18,000 people, thousands more than originally expected. Last November, the company said that the layoffs would affect about 10,000 people and that the job cuts would extend into the new year. In a …
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Kampala, Uganda | THE INDEPENDENT | Global Credit Rating Co ltd (GCR) has assigned Uganda Development Bank Limited (‘UDB’) national scale issuer private ratings of AA+(UG)/A1+(UG.) This is a notch below the highest possible rating with the outlook accorded as ‘Stable’. At the same time, GCR has also assigned UDB an …
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