Kampala, Uganda | THE INDEPENDENT | Uganda’s first information and communications technology manufacturing and assembling factory, Simi technologies has this morning sent the first batch of 18,000 locally made phones to Morocco. Located in Namanve industrial park, Simi technologies owned by Chinese Electronics firm ENGO Holdings Uganda Limited exported smartphones and …
Read More »UCU suspends duties, won’t pay salaries from June 1
Kampala, Uganda | THE INDEPENDENT | Uganda Christian University will only manage to pay three quarters (75 per cent) of each staff’s salary for May 2020 and will suspend all their duties from June 1. This affects both contract and full-time staff. In a note to staff on Friday, UCU vice-chancellor …
Read More »Covid-19 presents opportunity to reset Africa- Elumelu
Kampala, Uganda | Isaac Khisa | Coronavirus pandemic currently ravaging the entire world presents an opportunity to reset the African continent so that the African population can be empowered to become more productive and self-reliant, according to the United Bank for Africa Plc. Chairman and Founder, Tony Elumelu. Elumelu, who spoke …
Read More »All cargo to Uganda to be switched to rail from June 1
Nairobi, Kenya | THE INDEPENDENT | All transit cargo destined for Uganda, Rwanda and South Sudan will from June 1 be picked from Naivasha and not Mombasa, or be transported by Metre Gauge Railway to Tororo, then Kampala. Fuel products will be transported by pipeline to Kisumu and thereafter through Lake …
Read More »Stocks retreat as virus fears temper lockdown easing
London, United Kingdom | AFP | Stock markets mostly slipped Thursday after rallying for much of the week amid concerns over the long-term impact of the virus and worsening China-US relations. On Wall Street, the Dow Jones index slipped into negative territory at the opening bell, while in Europe, Frankfurt and …
Read More »Equities rally on hopes for economic rebound
London, United Kingdom | AFP | Stock markets picked up Wednesday on hopes for a strong US economic rebound even though retailers reported mixed results and US-China tensions continued to mount. Equities have enjoyed a broad advance for several weeks as virus infection and death rates slow, allowing governments to lift …
Read More »Proposed relocation of market splits Ntungamo municipality leaders
Ntungamo, Uganda | THE INDEPENDENT | Leaders in Ntungamo Municipality have disagreed over the proposed relocation of the Banana Market. Mayor Jacob Kafureeka wants the market shifted to his land in Kiziiko, a move that has been rejected by the councillors. Last week, the municipal enforcement team ordered matooke traders to …
Read More »Human Rights activists petition Court over NSSF relief
Kampala, Uganda | GODFREY SSALI | Uganda’s Constitutional Court has given National Social Security Fund (NSSF) and the Attorney General of Government 10 days within which to respond to a petition filed by a Human Rights Activist Morris Rwakakamba. Rwakakamba who filed the petition in public interest, wants an interpretation of …
Read More »Traders ask for interest free loans for businesses
Kampala, Uganda | THE INDEPENDENT | Traders in Kampala have asked the government to lobby for free interest loans for their businesses that were affected by the outbreak of COVID-19. In March, President Museveni issued several measures to combat the spread of the virus. They included restrictions on the movement of …
Read More »COVID-19: Is this the end of ‘cheap’ flights?
Airlines say social distancing onboard could mean high costs for passenger air transport Kampala, Uganda | ISAAC KHISA | International Air Transport Association has warned that air ticket prices could rise up to 54% depending on the region if airlines are forced to exercise social distancing onboard due to the …
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