Business

  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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Kampala, Uganda |  THE INDEPENDENT |  The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, …