Africa’s hotels, tour operators and airlines are all reeling from the impact of coronavirus. The African Business Magazine’s Liam Taylor surveys the situation The Serena Hotel in Kampala, the Ugandan capital, is a luxurious complex of conference facilities, fine dining spaces and landscaped gardens. In normal times Geoffrey Ssejongo, a waiter, would be …
Read More »Multinationals in the time of virus: who wins, who loses
Milan, Italy | AFP | The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Here is a list of winners and losers, according to a study published on Tuesday from the research unit of Italian bank Mediobanca, based on results from the first quarter of 2020. THE …
Read More »Interest on loans will still count during payment holiday – BOU
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has explained that interest on loans will still count even when you have been granted a loan payment holiday during the restructuring in the coronavirus crisis. Speaking through a webinar with the Rotary Club of Kampala South on Monday evening, Dr Tumubwine …
Read More »Mukwano Industries reaps benefits of Cloud transformation
The company believes the new platform will take the business to the next level | THE INDEPENDENT | Mukwano Industries is one of the great success stories of the Ugandan business world. From humble beginnings as a general dealer in Kampala in the 1980s, the company has grown into one …
Read More »Postponing AfCFTA would be a mistake-African business leaders
But CSOs say carrying out negotiation virtually will defranchise majority of the stakeholders Kampala, Uganda | ISAAC KHISA | African Business leaders across the continent have signed a joint letter calling for the ministers and heads of state to stick to the July 1 deadline for the free trade agreement …
Read More »Uganda airlines still busy despite lock down-CEO
Kampala, Uganda | THE INDEPENDENT | Uganda Airlines is busy with startup activities amidst the nationwide lockdown and global travel restrictions, according to management. President, Yoweri Museveni banned both incoming and outgoing passenger flights at Entebbe International Airport on March 25th 2020 as part of the measures to curb the spread of …
Read More »Weekly markets operational in Amuria district
Amuria, Uganda | THE INDEPENDENT | Almost all weekly markets in Amuria district have remained operational despite a Presidential directive suspending all weekly markets nationwide to contain the spread of the Covid19. Almost all the weekly cattle markets have remained operational since March when Museveni suspended them. Our reporter visited Onyam- …
Read More »FinTech reshapes the banking we know
Innovate or wear your noose Kampala, Uganda | Michela Jjingo | Before 1990, working in the bank used be a nightmare! Even when they were opening at 9am and closing at 12pm, due to the manual processes, ledger cards, pass books and others, staff were going home at about 7pm. …
Read More »UNDP, Jumia partner to link market vendors with consumers online
Kampala, Uganda | THE INDEPENDENT | A new e-commerce platform has been launched to boost online trading in markers amid restrictions on movement and social distancing guidelines instituted as part of the measures to curtail transmission of coronavirus disease. The platform, a brainchild of the United Nations Development Programme (UNDP) …
Read More »Kalerwe market vendors toiling on the streets
Kampala, Uganda | THE INDEPENDENT | A number of vendors are struggling to survive on the streets after losing their stalls in the Markets at Kalerwe for failure to raise money to secure space. Kampala Capital City Authority-KCCA closed all the markets at Kalerwe about a month ago citing overcrowding. It …
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