Business

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed Jenifer Bamuturaki Uganda Airlines CEO. Minister of Works Gen Katumba Wamala has confirmed the appointment in a letter to the board of Uganda Airlines. The appointment of Bamuturaki, who has been acting CEO, means efforts by the airline’s board …

Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has quashed a report by the Committee on Commissions, Statutory Authorities, and State Enterprises-COSASE that recommended the cancelation of the repossession of properties under the Departed Asians Property Custodian Board whose original owners did not return physically to Uganda. …

| THE INDEPENDENT | A new study has found that 23% of cigarettes sold in Uganda appear to be illicit, indicating unfair competition to the established tobacco products dealers and loss of revenue to government. The findings based on the BAT Uganda’s approved study that was carried out in the …

Kampala, Uganda | THE INDEPENDENT | Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions-MDIs Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and National Guidance, Chris Baryomunsi communicated …

| THE INDEPENDENT | MTN Uganda has appointed Safaricom’s Chief Consumer Business Officer, Sylvia Mulinge, as its new chief executive officer effective October 1. She replaces Wim Vanhelleputte who has been promoted to a regional role as operating executive for the West and Central African Markets of Liberia, Guinea-Conakry, Guinea-Bissau, …

Kampala, Uganda | THE INDEPENDENT | The works and transport ministry has revealed that it is not aware of illegally operating driving schools. Karim Kibuuka, the head of motor vehicle inspection section at the ministry, said their latest data shows the country has 90 licensed driving schools. Kibuuka’s response followed …

The company is eying regional markets including Kenya, Burundi, Northern Tanzania, DRC and South Sudan Kampala, Uganda | ISAAC KHISA | Uganda Clays Ltd will invest Shs 17.8billion to acquire more land with clays and boost production amidst the escalating competition in the baked clays products market. Martin Kasekende, the …

Busabala, Uganda | THE INDEPENDENT | The Government has launched the distribution of Liquified Petroleum Gas – LPG cylinders targeting one million households in a bid to promote safe and clean cooking. Launched Tuesday by Ruth Nankabirwa, the Ministry of Energy and Mineral Development in Bugo Zone, Busabala in Wakiso …

Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank has renewed its approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement Adjustment Funds. The lender also approved a Grant Funding in an amount of US$10 million to seed the Base Fund of …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has decided to raise the Central Bank Rate by a percentage point to 8.5 percent as part of emergency measures against the spiraling inflation. This was decided at Tuesday’s emergency Monetary Policy Committee meeting called by the Central Bank Deputy Governor, Michael …