Coca-Cola’s Simon Kaheru has been appointed the new Acting Chair for the Board of the East African Business Council (EABC) Uganda Chapter. This was after Madhvani Group’s Jim Kabeho resigned to enable a new Regine that is set to take over. Kabeho made the announcement during an EABC Members meeting at the Sheraton Kampala Hotel. Kabeho was commended for the…
Read MoreDay: June 3, 2021
New UNBS statistics show a rise in the number of poor people in Uganda
New statistics released by the Uganda National Bureau of Statistics (UNBS) show that there has been an increase in the number of poor people in Uganda. The report goes ahead to indicate the number as from 8 million people to 8.3 million people. This comes up despite the numerous efforts instituted by the government to bring it down. While addressing…
Read MoreUganda Bureau of Statistics notes a 0.2% drop in inflation
The country’s bureau of statistics has noted a drop in headline inflation from 2.1% in April to 1.9% by the end of May. Uganda Bureau of Statistics (UBOS) was able to estimate the drop after implementing a new measurement method used to calculate inflation. This new method includes items onto the consumer price index that was not there previously. Due…
Read MoreArchbishop Kazimba urges believers to unite and clear Church house loan
Archbishop Stephen Kazimba Mugalu has encouraged the faithful believers to unite and contribute towards clearing the Church house loan. The Kampala Road based building loan is seemingly becoming harder and harder to clear which prompted the Archbishop to call upon Christians in a battle towards clearing the debt. While addressing the media yesterday, Archbishop Kazimba aired out his views in…
Read MoreHotels and tour operators yawn for normalcy to revive business back to normal
Basing on special reports conducted by a local media house, hotel and tour operators yawn for normalcy in order to revive their businesses to what they were before the Covid-19 pandemic. According to the C.E.O Uganda Hotel Owners Association Ms. Jean Byamugisha, hotels have not been able to get back to their feel since the worldwide outbreak of the deadly…
Read MoreAirtel Uganda awaits go signal from government to start investing in treasury bills and bonds
Airtel Uganda is preparing to invest her customer’s savings in treasury bills and bonds run by the government. However,they require permission from the Bank of Uganda in order to push through with this as per the provisions of the National Payment Systems (NPS) Act which was passed in 2002. Basing on Manoj Murali, the Managing Director, Airtel Uganda, the telecommunication…
Read More