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Business

Uganda Airlines makes maiden trip to Dubai

By Our Reporter. Uganda Airlines on October 4, 2021 made its maiden flight to Dubai, United Arab Emirates, marking the first intercontinental flight for the national carrier since it was revived two years ago. Currently the revamped airline plies other regional routes to Nairobi, Dar es Salaam, Juba, Kilimanjaro, Mogadishu, Zanzibar and Mombasa.  Uganda airlines […]

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Business

Museveni bans importation of fully built buses as demand grows to 10 million

By  Zurah Nakabugo. African development Bank has projected that the African market will move from 1.2 million vehicles, in demand annually in 2017, to 10 million vehicles demanded annually by 2030, mainly due to population growth. “It’s against this background, that we envisage to have a sustainable motor vehicle industry that will produce 500,000 vehicles […]

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Business

Airlink South Africa inaugurates operations in Uganda

By Daniel Bakalangudde. Airlink a South Africa airline based in Johannesburg has added another new route to its expanding intra-Africa network with the launch of its Johannesburg-Entebbe service. State Minister for Transport, Fred Byamukama presided over the colorful launch ceremony at Entebbe International Airport on Sunday, September 19. The launch had been expected earlier this […]

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Business

URA acquires 27 cargo scanners to improve trade facilitation

By Julius Odeke. Uganda Revenue Authority has acquired 27 baggage and cargo scanners to strengthen inspection of imports, exports and also address security controls at the different border points throughout the country. According to the acting Commissioner Corporate Affairs, Ian Rumanyika, he said,  “The new scanners are an addition to those stationed at Malaba, Busia, […]

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Business

Tuskys joins Uchumi, Nakumatt in graveyard of fallen giants

By James Wafula in Nairobi. Tuskys only surviving branch along Tom Mboya street in Nairobi’s CBD is a tale of good old days that have gone sour. Depressed and apparently unmotivated staff go around near empty shells trying to poke life into a fire that has long since brought down the once prosperous giant super […]

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Business LABOUR

Milestone in Uganda’s Aviation industry as UCAA celebrates 30 years

By Margaret Nakazibwe. It is 30 years this year since Uganda Civil Aviation Authority (UCAA) was established in 1991. At UCAA’s establishment in 1991, Entebbe International Airport handled 118,000 passengers and the figure rose to 1,980,000 in 2019, but reduced to 565, 541 in 2020 owing to the effect occasioned by the COVID -19 pandemic. […]

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Business

Coop bank completes system upgrade as it loans out money

By James Wafula in Nairobi. Kenya’s Cooperative Bank has concluded a major system upgrade which started in July 2019 which has seen the lender transform services in its 155 branches, re-equipping its 11,600 banking agents and over 8.2 million customers. The IT upgrade network has also been extended to its diaspora branches in Uganda, Rwanda […]

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Business

Kenya’s co-op bank sets Kshs 49b for covid recovery

By James Wafula in Nairobi. The Co-operative Bank of Kenya has moved swiftly to rescue clients currently servicing loans but whose businesses and incomes have been hit adversely by the Covid-19 pandemic. The bank is to consolidate a cash outflow of at least Kshs 49b in support of borrowers hit by covid 19. At the […]

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Business

Kenya Co-op bank gives Nairobi SACCO 45 buses

By James Wafula in Nairobi. Fresh from winning the African  award as the best performing bank in the continent, Kenya’s Cooperative Bank has clinched a deal with  Metrotrans,  one  of  the  leading Savings  and  Credit Co-operatives in Kenya’s Transport sector. This comes under a backdrop of sustained transformation of the banks services that have consolidated […]

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Business

2020 tough year for Kenya Co-op bank

By James Wafula in Nairobi. Kenya’s fastest growing digitized bank by assets, Cooperative bank, has issued a profit warning following a tough year that saw the bank’s expenses rise faster than its income. In a public statement, the bank said that its “full-year earnings for the 2020 financial year are projected to be materially lower […]