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Uganda to sign final oil deal with Total E&P and CNOOC on Sunday

Uganda to sign final oil deal with Total E&P and CNOOC on Sunday

Business, FEATURED, NEWS, Oil & Gas
Uganda will close the long-awaited Final Investment Decision (FID) with international oil companies Total E&P and CNOOC on Sunday.The decision will unlock billions of dollars of investment in Uganda’s oil and gas sector. Total chief executive Patrick Pouyanné, is expected in the country over the weekend, according to officials from Uganda’s energy ministry. The deal will also pave way for the construction of the 1440km crude export pipeline from Western Uganda to the Tanzanian Indian Ocean Port of Tanga, a key piece of infrastructure needed to get the east African country’s oil out of the ground and on to international markets. Tanzania’s President Samia Suluhu Hassan is also traveling to Kampala to take part in the three-way talks that should culminate in the signin...
FORTEBET CELEBRATES EASTER IN FORTPORTAL, BUNDIBUGYO IN STYLE

FORTEBET CELEBRATES EASTER IN FORTPORTAL, BUNDIBUGYO IN STYLE

Business, FEATURED, Latest News, NEWS
by elite sports desk It was a colourful Easter celebration for hundreds of people in Fortportal, Bundibugyo and Nyahuka after Fortebet ‘showered’ them with lots of exciting gifts. It all started at Nyahuka-near Uganda-DRC boarder where Fortebet gave out Techno phones, club jerseys, T-shirts, caps, bodaboda reflector jackets among others. The same was also done at Bundibugyo and Fortportal. Fortebet also donated balls to Kambugu Primary School, handed over to the headmistress, Christine Alinaitwe. The gifts were given out by Fortebet’s Media Manager, John Nanyumba. “There is no better way to celebrate this year’s Easter than this. We have been here before and we promise we shall always come back and appreciate you, even after Easter is gone,” Nanyumba said while speaking to cl...
Discover yourself: Uganda’s David Katumwa

Discover yourself: Uganda’s David Katumwa

Business, FEATURED, Latest News, NEWS
When David Katumwa started selling pancakes as a child in a village near Uganda's capital, Kampala, little did he imagine that one day he would own his country's most successful chain of sports shops. Born into a very poor family, his pancakes helped him to pay his school fees until tough times forced him to abandon his studies. But he continued with the business hustle and moved on to sell vegetables, fish and eventually second-hand sports shoes. Then - with a start-up capital of $50 (£32) - he created the Katumwa Sports Centre in Kampala which now has 20 retail outlets across the country. "I never got any loans from either friends or money lending institutions," Mr Katumwa told the elite news reporter All he had was his brain and the time to consider the options before hi...
Huawei releases Innovation and Intellectual Property white paper

Huawei releases Innovation and Intellectual Property white paper

Business, FEATURED, Latest News, NEWS, TECH
Excerpt: Huawei has published a new white paper focused on innovation and intellectual property at its Forum on Innovation and IP Prospects in 2021. Huawei has published a new white paper focused on innovation and intellectual property at its Forum on Innovation and IP Prospects in 2021. The white paper focuses on how Huawei has been a leader in innovation and intellectual property (IP) management since the 1990s. Read the full white paper here. This has been key to Huawei rising as one of the world’s most influential technology powerhouses. African consumers have benefited particularly from this, as Huawei has brought numerous impressive technologies to previously underserved areas on the continent. These range from mobile network technologies that are affordable and re...
UNBELIEVABLE: KAJJANSI MECHANIC HAMMERS FORTEBET 228M FROM 1K

UNBELIEVABLE: KAJJANSI MECHANIC HAMMERS FORTEBET 228M FROM 1K

Business, FEATURED, Latest News
Kajjansi mechanic’s year 2021 has been officially opened up after winning a record 228 million. This is the first mega win in 2021, after last year closed with two billion winning clients. If you are amazed by the amount he won, you will then be more amazed by the stake he used to win it; ONLY UGX 1,000. On his ticket number 3106518624009999, he picked a long list of 45 matches which all won. The safety of his odds was his key to winning. He never minded about the weight of the odds, but rather their safety. For example, he included odd 1.05, 1.10, 1.11, 1.12 among others with his biggest odd being 1.97. His money was wholly paid to him on Tuesday at Kololo head office. While receiving his cash, the winner, whose identity has been withheld, said that, “I did not sleep the last ni...
Airtel commissons telcom mast amidst protest from lc one chairman

Airtel commissons telcom mast amidst protest from lc one chairman

Business, FEATURED, Latest News
In its campaign to further enhance customer experience and service delivery, Airtel Uganda has today launched a mast at Kigunga trading center Mukono municipality, in the drive dubbed VAST NETWORK, which was also launched officially launched.The Kigunga mast is another step in Airtel Uganda’s journey to provide excellent telecommunications services across Uganda a journey that has seen the Uganda's communication giant set up over 2,000 sites and lay over 3,900 kilometers of fiber across Uganda covering 95.9% population, making it possible for customers around the country to enjoy an improved experience in internet-based activities.“With better connectivity, communities will be able to improve their lives through trade, education and commerce, and enjoy the full offerings of Airtel Uganda’...
UPDF Wazalendo Sacco Hits 540 Billion, Amidst Covid 19 Challenges

UPDF Wazalendo Sacco Hits 540 Billion, Amidst Covid 19 Challenges

Business, FEATURED, Latest News
The all powerful UPDF Sacco has hit a remarkable 530 Billion shillings despite COVID 19 challenges, Total Assets increased from UGX 413billion in 2019 to UGX 530 billion in 2020 revealed by  Col. Freddy Onata, the CEO WSACCO, while at the 15th Annual General Meeting of the Sacco  to review its operational and financial performances for the Financial year 2020 at the Uganda Military Engineers College ( UMEC) in Lugazi Col Joseph F. Onata also presented that, interest on savings ranges from 4-7 percent depending on savings account type and volume of savings. While interest on Loans is 12 percent per annum on Waza Quick Loan and 13 percent on other loans charged on reducing balance. The Board Chairman WSACCO Maj Gen Sam Kavuma appreciated MODVA/UPDF leadership, Maj Gen Ka...
Resilience of connectivity key to Innovations

Resilience of connectivity key to Innovations

Business, FEATURED, Latest News, TECH
Participants of the 6th National Conference of Communications (NCC) highlighted the opportunities, challenges and solution for innovating in a crisis and necessity of guaranteeing reliable and resilient network connectivity. The Conference was hosted by the Uganda Communications Commission (UCC) in collaboration with the Makerere University college of Engineering, Design art, and Technology (CEDAT). This year’s conference, themed “Connectivity, Resilience and Innovation in the COVID-19 Era”, seeks to highlight the advances in theory and application of communication engineering in Uganda, especially in light of recent challenges posed by the COVID-19 pandemic. The Chief Guest, Hon. Judith Nabakooba the Minister of ICT and National guidance noted that the pandemic has increased the up...
Fik Fameica eats big as New Appointed Ambassador of JESA MILK

Fik Fameica eats big as New Appointed Ambassador of JESA MILK

Business, FEATURED, Latest News
Fresh info coming through indicates that Buligita singer Shafik Walukaga aka Fik Fameica has been appointed new ambassador of Jesa Dairy farm company. Fik Fameica, who last had a major endorsement in 2018 with Africell has finally put pen to paper with JESA. Photos of him signing the contract have made rounds on social media. Sources close to the star intimates that the Buligita hit maker has been paid millions of cash to become the second ambassador of the company. Sources further tips us that he will work hand in hand with sensational female star, Rema Namakula to execute their ambassadorial roles. Rema has been the only Face of JESA for the last few years. Recently rumor had it that she had been knifed and immediately replaced by Sheebah.
profitable Businesses You Can Start In Uganda with Less than Sh500, 000

profitable Businesses You Can Start In Uganda with Less than Sh500, 000

Business, FEATURED, Latest News, NEWS
For the last six years, I have been approached by a number of people asking about notable investment opportunities. Today, I look back and proudly admire proven testimonials from friends who started with 100k and now have thriving businesses. At the end of this covid crisis, if there is anything you can walk away with, let it be you becoming “a job maker not a job seeker.“ Choose below a field that can help you get started with little CAPITAL.bit.ly/bettingoffersug By elite reporter Businesses you can start with capital between 100k – 500k UGX 1. Restaurant: food has a lot of profit u can never go wrong once you get a place that is busy.bit.ly/bettingoffersug 2. Car wash/ night parking: Hire a place. They are always cheap and start with washing cars, car washing costs around 5...
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