Kampala, Uganda | THE INDEPENDENT | Several city traders are paying hefty bribes to law enforcement officers to allow them to operate, URN has learnt. This follows the president’s decision to maintain the suspension on arcades as part of the Covid19 preventive measures. The suspension has prompted traders to devise other …
Read More »BOU appeal in Sudhir case dismissed
Kampala, Uganda | THE INDEPENDENT | The Court of Appeal on Tuesday dismissed an appeal and upheld the decision of the High Court in a suit filed by Bank of Uganda, on behalf of Crane Bank Ltd (in receivership), against Sudhir Ruparelia and Meera Investments Ltd. In dismissing the appeal, …
Read More »Skechers, Clarks to open outlets
American and British lifestyle and performance footwear giants, Skechers and Clarks, plans to open outlets in Kampala to tap into the expanding middle class and a growing taste for luxury brands. Kampala, Uganda | ISAAC KHISA | Knight Frank in its latest market update report said the two companies have …
Read More »Bad outlook for Kampala’s residential properties
Rental offices are being re-occupied but landlords and occupiers will incur extra costs to meet health and safety measures Kampala, Uganda | ISAAC KHISA | Residential properties in Kampala have recorded an average of 16% decline in rental rates owed to restricted air travel of expatriates in the wake of …
Read More »WTO estimates 18.5-pct decline of global trade in Q2
Kampala, Uganda | XINHUA | The volume of global merchandise trade would shrink by around 18.5 percent year-on-year in the second quarter of this year, the World Trade Organization (WTO) said Tuesday. “The fall in trade we are now seeing is historically large — in fact, it would be the steepest …
Read More »Uganda Airlines plans repatriation flight
Entebbe, Uganda | THE INDEPENDENT | The repatriation of Ugandans stuck abroad because of the COVID-19 pandemic will start this week with Uganda Airlines flying home several from South Africa. “Uganda Airlines will operate a repatriation charter flight for Ugandans in South Africa; Johannesburg to Entebbe on 25th June 2020,” Uganda …
Read More »Gov’t undertakes systematic land demarcation in Bunyoro kingdom
Hoima, Uganda | THE INDEPENDENT | President Yoweri Museveni has instructed the Ministry of lands to start a process to compensate the Omukama of Bunyoro Solomon Gafabusa Iguru for his land in Hoima and Kikuube districts, which was encroached on by settlers and developers. The first land which is located in …
Read More »NWSC faults road contractors for exposing sewer lines
Jinja, Uganda | THE INDEPENDENT | The National Water and Sewerage Corporation-NWSC has faulted road contractors for failing to repair sewerage lines and damaged water pipes destroyed during their course of duty. Agnes Atwooki, the NSWC Jinja area Principal Public Relations Officer told URN that Jinja, one of the country’s oldest …
Read More »CMA advises business owners affected by COVID-19 to invest in safe assets
Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority-CMA has called on business owners whose operations have been affected by the COVID-19 pandemic to consider investing in safe assets like government securities and cash investments. The Capital Markets Authority led by its CEO, Keith Kalyegira said this today while …
Read More »Uganda Airlines ‘Bombardiers’ in first tests since lock-down
Entebbe, Uganda | THE INDEPENDENT | All four of Uganda Airlines new Mitsubishi CRJ-900 (Bombardier) planes went airborne Friday afternoon after 90 days on ground. Images from Flightradar24. com, a global flight tracking service that provides you with real-time information about thousands of aircraft around the world, showed the four …
Read More »