How government created an ‘eating’ bonanza COVER STORY | MUBATSI ASINJA HABATI | The Chief Executive Officer (CEO) of Uganda Airlines earns Shs87 million, the Director Maintenance Shs80 million per month, Chief Financial Officer Shs73 million, and Manager Finance shs58 million. Others are Human Resource Manager and manager Quality Assurance …
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Rome, Italy | Xinhua | Parity between the dollar and the euro may persist for some time, evidence of a dramatic decline in the value of the main European currency. However, a leading economist in Italy has said that if exchange rates remain stable, European businesses will be able to cope. …
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Over 500 Teen Mothers & Women to receive Vocational Skills & Financial Literacy Training from Absa Bank Uganda Staff Wakiso, Uganda | THE INDEPENDENT | Staff from Absa Bank Uganda today embarked on a journey to skill over 500 teenage mothers and women from the Central, West Nile and Albertine …
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All retirement benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe | “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …
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AVIATION DIGEST | JARED KALERA | In the middle of 2019, Uganda Airlines bought four Bombardier and two A330-800 Neo from Airbus . What is noteworthy is that these were outright purchases . A debate from different groups has been as to whether it was a wise decision to buy …
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The energy minister says nobody will be punished until investigations are concluded | THE INDEPENDENT | The abrupt shutdown of the 183MW Isimba hydropower plant on Aug.08 continues to cause anxiety amongst Ugandans, with many urging authorities to penalize those that caused the error. However, speaking as the main guest …
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| THE INDEPENDENT | MTN Uganda is embracing renewable energy with the connection of all its network sites to the hydroelectric grid. The company has partnered with Ubuntu Towers Uganda and American Tower Company (ATC) to connect 250 network sites countrywide to the hydroelectric grid this year in a bid …
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The Japan-Africa conference in Tunis from August 27 to 28 will give Japan a chance to get relations back on track after the upheavals of the pandemic | NEIL FORD | Japan’s relations with the African continent are again in the spotlight as the eighth Tokyo International Conference on African …
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The market boasts of two reinsurance companies, 29 insurance players, and three HMOs | THE INDEPENDENT | Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business …
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Kuala Lumpur, Malaysia | Xinhua | Fitch Solutions on Monday maintained its palm oil average price forecast this year at 5,200 ringgit (1,160 U.S. dollars) per ton, seeing a slight recovery in palm oil prices from its recent decline. The Fitch group unit said in a note, for the remainder of …
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