Business

Kampala, Uganda |  THE INDEPENDENT |  Uganda Airlines is busy with startup activities amidst the nationwide lockdown and global travel restrictions, according to management. President, Yoweri Museveni banned both incoming and outgoing passenger flights at Entebbe International Airport on March 25th 2020 as part of the measures to curb the spread of …

Amuria, Uganda |  THE INDEPENDENT |  Almost all weekly markets in Amuria district have remained operational despite a Presidential directive suspending all weekly markets nationwide to contain the spread of the Covid19. Almost all the weekly cattle markets have remained operational since March when Museveni suspended them. Our reporter visited Onyam- …

  Innovate or wear your noose Kampala, Uganda | Michela Jjingo | Before 1990, working in the bank used be a nightmare! Even when they were opening at 9am and closing at 12pm, due to the manual processes, ledger cards, pass books and others, staff were going home at about 7pm. …

Kampala, Uganda | THE INDEPENDENT | A new e-commerce platform has been launched to boost online trading in markers amid restrictions on movement and social distancing guidelines instituted as part of the measures to curtail transmission of coronavirus disease. The platform, a brainchild of the United Nations Development Programme (UNDP) …

Kampala, Uganda |  THE INDEPENDENT |  A number of vendors are struggling to survive on the streets after losing their stalls in the Markets at Kalerwe for failure to raise money to secure space. Kampala Capital City Authority-KCCA closed all the markets at Kalerwe about a month ago citing overcrowding. It …

London, United Kingdom | AFP | Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the …

Kampala, Uganda |  THE INDEPENDENT |  As a part of the Covid19 preventive measures, President, Yoweri Museveni banned social gatherings. The ban affected places like bars, night clubs and music concerts among others, which would gather many people and there increase the risk of corona virus infection. Although the ban is …

Washington, United States | AFP |  The IMF on Wednesday approved a sh1.8 trillion ($491.5 million) emergency loan for Uganda and another $739 million for Kenya  as the countries deal with the coronavirus pandemic. Both face severe economic shocks amid efforts to contain the spread of COVID-19, the Washington-based crisis …

  Kampala, Uganda | THE INDEPENDENT | The business environment worsened in April with company owners not hoping for quick recovery anytime soon according to the April Purchase Managers Index (PMI). The survey which asks business managers about their operations said in a report for April that business activity came …

  Kampala, Uganda | JULIUS BUSINGE | As of April 01, Letshego Uganda rolled out a repayment holiday facility to its borrowers in response to the negative impact caused by the coronavirus pandemic. Officials said on May 05 that the repayment holiday involves giving a customer a three month moratorium- meaning …