Uganda’s fledgling national airline will be a candidate for an initial public offering and closer cooperation with other carriers if the launch goes as planned, Bloomberg reports. Uganda Airlines, which last month signed deals for Airbus SE wide-body jets and Bombardier Inc. regional planes, is due to begin operating 19
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On July 27, 2018, Powah Limited, a Ugandan solar solutions company received US$25,000 ( about Shs92.5m) grant from Trade and Development Bank (TDB) Group to construct and design a solar run lab and livelihood centre in Nakivale Refugee Settlement. The hub is a livelihood centre constructed and developed from a
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With ongoing investment in the generation capacity through the constructions of Karuma, Isimba and other mini hydro stations, Umeme is aggressively aligning its investments to increase access, readiness for increasing generation and the contentious pricing of the end-user tariffs. This focus is in line with government ambition of increasing electricity
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Bank of India (BOI) Uganda is one of the most profitable banks especially among the new ones. Although it has less than 1% industry market share, BOI has been posting profits since it rejoined the Ugandan market in 2012. It was the 14th most profitable bank in 2017 out of
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Government’s plan to ban importation of cars eight years old or more with the aim of protecting the environment and Ugandans against the dangers resulting from air pollution (by older cars) has attracted public criticism. Some analysts are wondering whether it will be implemented when ‘kaveera’ ban also meant to
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The 2018/19 tax-heavy budget has sent many Ugandans’ tongues wagging. The Shs200 daily tax on social media, reinstatement of corporation tax on SACCOs making profits and 1% tax on Mobile Money transactions and 15% on Money transfers are some of the proposed taxes that have received a lot of criticism.
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Bank of India re-entered the Ugandan market in 2012, having first opened shop here in 1953, but following the expulsion of Asians from the country by former President Idi Amin in 1972, it sold its assets to Bank of Baroda and exited the country. It is a small bank but
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Each day that comes, Fortebet grows bigger, better and stronger. As a result, it has ensured maximum service to its customers across Uganda. Talking to one of the punters at Seeta branch, Julius.K explained his reasons why he chose Fortebet. “One of the reasons is instant payments. There is no
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Do you have a small piece of land and want to put it to better use? Do you want to earn from farming throughout the year? Green house farming is the answer. A greenhouse is a structure with walls and roof made essentially of transparent material, such as glass, in
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Technology is increasingly changing the way people transact business world over. According to Uganda Communications Commission (UCC), Uganda has over 13 million internet users, a development that has seen many businesses go online. It is against this background that a number of banks are embracing digital banking that will in
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