Business

Dar es Salaam, Tanzania | AIRSPACE AFRICA | Uganda Airlines is finalizing negotiations with Air Tanzania and Precision Air to seal interline partnerships and enhance collaboration within the region According to aviation website Airspace Africa  , the news was revealed by the Ugandan national carrier’s country manager for Tanzania, Lucy Ismail while …

Kampala, Uganda | THE INDEPENDENT | Kampala City Traders Associations say this will protest against the new tax policy on imported textile fabrics and garments. The traders say they are considering several actions to show displeasure over the textile tax, and also the failure by landlords to waive rent arrears …

Dar, Tanzania | Xinhua  | The United Nations Industrial Development Organization (UNIDO) has reaffirmed its support to industrialization drive in the East African Community (EAC) region, the EAC said in a statement on Saturday. The statement issued by the EAC headquarters in the northern city of Arusha said the reaffirmation …

Kayunga, Uganda | THE INDEPENDENT | State Minister for Works and Road Transport Musa Ecweru has given a two-month ultimatum to Omega Construction Company to complete construction of Sezibwa Bridge. The Ministry of Works and Transport contracted the Company in 2019 to tarmac a road and construct the bridge that …

Arua, Uganda | THE INDEPENDENT | Long-distance truck drivers have demanded the release of four bodies of their colleagues killed in South Sudan. Between July and August 2021, four truck drivers one Ugandan and three Kenyans delivering cargo goods to South Sudan’s capital, Juba were shot dead by unknown gunmen …

Kampala, Uganda | THE INDEPENDENT | Uganda has signed onto the Global World Postal Strategy that is aimed at reviving, sustaining and growing the postal sector, which is under pressure from the digital revolution.  The four-year strategy responds to the current market needs and sets out approaches on how the …

Uganda’s retirement benefits sector grows from sh15.4 trillion to Sh17 trillion, 11.1% of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT |  The Minister of Finance, Planning and Economic Development, Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise …

Nairobi, Kenya | Xinhua | Kenyan regional bank, KCB Group, has completed the acquisition of Banque Populaire du Rwanda (BPR) from Atlas Mara Mauritius and Arise. Joshua Oigara, CEO of KCB, said the purchase follows the securing of the requisite regulatory approvals in Kenya, and Rwanda making the lender the majority …

Kampala, Uganda | AIRSPACE AFRICA | Following the successful addition of its pair of A330-800s to its Air Operator’s Certificate (AOC), Uganda Airlines is now embarking on marketing its new product across its network, according to a report by aviation website Airspace Africa. This week on the 27 and 29th of August, travelers …

Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed …