Business

Kampala, Uganda | THE INDEPENDENT | Uganda Airlines, like many of its counterparts in the region will have to cater for two new challenges. That is, the ban on flights by destination markets as well as the plans by bigger and older airlines to re-dominate the market. Less than three months …

Hoima, Uganda | THE INDEPENDENT | The deployment of the Fisheries Protection Unit-FPU has helped to combat attacks on Ugandan fishermen by suspected militiamen from the Democratic Republic of Congo-DRC. Since 2018, suspected DRC militiamen have been raiding Lake Albert waters in Hoima, Buliisa, Kikuube, and Kagadi districts in the …

New York, US | Xinhua | Over 2,000 flights have been canceled on New Year’s Day as the Omicron variant of COVID-19 continued to upend airline operations during the holiday travel season in the United States. According to FlightAware, a flight-tracking website, 2,311 flights entering, leaving or within the United …

Kampala, Uganda | THE INDEPENDENT | Several hotels in Kampala on Friday ushered in the New Year with parties, despite police banning organizing events. A survey by URN reporters in the areas of Bukoto, Ntinda, Nakawa found some hotels filled with revelers celebrating the New Year. On Monday, the Police …

COMMENT | Samson Tinka |  Just over 90 years ago, on 1 January 1914, a gentleman named Abe Pheil became the world’s first airline passenger on a 21-minute flight from St Petersburg to Tampa, Florida in the USA. A phosphate miner, he sat on an open bench in the cockpit …

Kampala, Uganda | THE INDEPENDENT | Management of Link Bus Company is on the spot for abandoning the Standard Operating Procedures-SOPs issued by the Health Ministry to halt the transmission of the coronavirus. Following the outbreak of Covid-19, the Ministry of Health directed transporters to carry half of their licensed …

Amuru, Uganda | THE INDEPENDENT | The Islamic Development Bank (IsDB) is providing $86.5 million to finance the development of irrigation schemes in Uganda. The schemes include Unyama in Amuru District, Namalu in Karamoja and Sipi in Bukwo-Sebei, regions. The funding was approved last week as the Bank set aside funding …

FUFA calls off trip to Dubai after flights from Uganda put on red list Entebbe, Uganda | THE INDEPENDENT | The Federation of Uganda’s Football Associations (FUFA) has called off the Uganda Cranes’ trip to the United Arab Emirates. The team was slated to travel tomorrow 29th December 2021. This …

Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, or …

Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …