Business

Insurance Regulatory Authority (IRA) has said it will continue with its awareness drives among members of the public as one of the ways to narrow the awareness gap in insurance acceptance. Speaking during the launch of the insurance week at the Railway grounds, IRA Chief Executive Office Alhaji Kaddunabbi Ibrahim Lubega said they have for several years been carrying out awareness drives but said these will continue. “We have taken several steps to narrow the awareness gap in the insurance sector but fundamentally, as a regulator we have improved and increased our budget to move to the entire country at different levels. We have different teams moving around the country to ensure people are made aware of what they ought to know,” Kaddunabbi said. He noted that they have continued to partner...

After launching the TECH4ALL initiative at Mobile WorldCongress (MWC) Barcelona four years ago, Huawei and its partners shared the latest insights and practices on how technology is enabling digital inclusion and sustainability at a media roundtable on Day 1 of MWC Barcelona 2023. “All of our efforts with the TECH4ALL initiative wouldn’t have been possible without taking technology and partnerships as key enablers,” said Jeffrey Zhou, President of ICT Marketing for Huawei, in his opening speech. “Since the launch of TECH4ALL, more than 600 schools worldwide, over 220,000 K12 teachers and students in remote areas, unemployed youth, women, and the elderly, and 46 nature reserves have benefited from the TECH4ALL program. Moving forward, we will keep innovating and using technology along with ...

Streaming giant Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers. Prices have been cut in parts of Asia, Europe, Latin America, sub-Saharan Africa and the Middle East. It comes as the rising cost of living sees households tightening their belts and Netflix faces increased competition from rival services. Countries in which subscription charges have been lowered include Malaysia, Indonesia, Thailand, the Philippines, Croatia, Venezuela, Kenya and Iran. The cuts apply to certain price plans, with subscription charges falling by half in some cases. The company did not name the UK or the US as countries where it had cut its prices. “We’re always exploring ways to improve our members’ experience. We can confirm that we are updating the pricing of our p...

If there is anything that pairs together effortlessly, it is beer and fine music. Over the weekend, campus Uni partiers were treated to exactly that as Tusker Lite stormed a popular hang-out spot, The Hive, and graced them with fun unique beer experiences. This is precisely because in less than a week, party lovers will be at the Lugogo Hockey Grounds come February 25th, for an even bigger party; The Neon Street Rave. Activations have been taking place in several hang out joints with the brand engaging consumers and having them take part in challenges to win tickets to the invite-only rave. Prudence Mutembei, the Tusker Lite Brand Manager urged those that didn’t win invites to continue engaging with the brand’s social media pages for a chance to win more tickets. “As a brand, we decided to...

During our Secondary School days, some stubborn students used to say that stealing was good unless one was caught. This saying would perfectly explain the mess that has been ongoing at the NSSF fund leading to an investigation by Parliament! From the ongoing investigations by the Select Committee led by Hon Mwine Mpaka, all we here is drama after drama in what appears to be a cash bonanza at the NSSF! The impunity, corruption, illegalities and overall mess of a 17 trillion fund is enough to bring tears to the 1.2 million savers whose retirement benefits are being squandered! Unfortunately for the Ugandan population especially the savers, it's business as usual, everyone minding his business and perhaps making and remitting more money to be squandered as usual! The reason Parliament is inve...

The Director of the Presidential Initiative on Skilling the Girl/Boy Child (PISGBC) Project, Dr. Faith Katana Mirembe, has advised the youth to work hard in order to transform their lives. “We should not be consumers but producers. We should rise up and work; change that mentality of begging,” Dr Katana urged. The Director made the remarks on Tuesday as PISGBC trainees at Luzira Skilling Centre showcased their skills acquired during their six months of training. They were trained in tailoring, hairdressing, bakery/confectionery, shoemaking, knitting, weaving and embroidery. Dr. Katana disclosed that President Yoweri Museveni initiated the project with a main goal of reducing unemployment rates among the youth through creating jobs by using the acquired skills. “H.E the President felt for t...

Shell leadership has been accused of mismanaging risks in partucular climate change. Corporations have faced a growing number of climate-related lawsuits in recent years as they come under pressure to step up efforts to curb global warming. Shell was already ordered by a Dutch court in 2021 to slash its greenhouse gas emissions by 45 percent by the end of the decade after it was sued by environmental groups. This time, ClientEarth, a minor Shell shareholder, has filed a lawsuit in the High Court of England and Wales against Shell bosses “for failing to manage the material and foreseeable risks posed to the company by climate change”. Shell, which reported recorded annual profits last week, denies the allegations. The group’s current plan “will tie the company to projects and investments th...