Business

Government is taking steps in ministries and departments intended to reduce and solve the problem of increasing domestic arrears, the Minister of State for Finance David Bahati has said. One of the steps, the minister said was instituting prepaid systems for utilities. “The biggest part of domestic arrears is on …

Construction of the Ugandan leg of the Standard Gauge Railway (SGR) system will commence fully soon after Kenya starts construction of the Naivasha-Kisumu- Malaba stretch. Officials in charge of the project in Uganda said that other than the fact that they are still seeking funding, it would not make economic sense …

Christine Lagarde says government need to focus on reducing inequality The International Monetary Fund Managing Director Christine Lagarde on Jan. 27 found herself on the defensive as the audience sought for the global fund’s roles on Uganda’s development. This was during a public lecture held at the Kampala Serena Conference …

President Paul Kagame says Africa has to mobilise its own resources to finance activities of the African Union Commission and not depend almost entirely on money from donors. The President presented the proposal as part of reform proposals of the African Union (AU) to fellow Heads of State and Government …

Washington, United States | AFP | A coalition led by some of the world’s biggest tech firms is taking on President Donald Trump’s travel ban, signaling the contentious relationship between the sector and the White House could be about to get worse. Scores of technology giants — including Apple, Facebook, …

Shareholders of the regional beer maker, East African Breweries Limited (eabl) are set to receive a dividend of Kshs 2 (Shs 68) per share even as the company recorded a 2% growth in profit after tax to Shs 188bn in the second half of the year ending December 31, 2016 …

Dfcu’s new take-over will help expand its footprint countrywide When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible. Crane Bank, set up in 1995, has been the …

Brussels-based hotel chain, Rezidor Hotel Group has taken over management of the Aya Brothers-owned Pearl of Africa Hotel Kampala. The Group that manages hundreds of luxury hotels around the world under the Quorvus Collection brand, now joins other internationally and regionally operated brands in the city such as City Blue, …

Entebbe International Airport now ISO certified Entebbe International Airport and the Civil Aviation Authority have received the ISO 9001:2008 Quality Management Systems (QMS) certificate making Uganda one of the African countries to have received certification from the United Kingdom Accreditation Service (UKAS). ISO 9001:2008 certification means that the country’s  aviation …

VIDEO: The country’s proposed new national carrier will not be called Uganda Airlines.  As the country finalizes plans to revive the national carrier, it now emerges that government will have to get another brand name under which to operate.It has now emerged that the brand name that was owned by the …