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Sep122020 by Abel Kawere & keefa NuwaherezaNo Comments

Total, Uganda Agree on Crude Pipe Issues to Pave Spending

Business, FEATURED, Latest News, Oil & Gas

Total SA said it has agreed with Uganda on issues regarding the host government that will pave the way for a final investment decision for a crude export pipeline. The breakthrough regarding the 1,445-kilometer pipeline was agreed at a meeting between Ugandan President Yoweri Museveni and Patrick Pouyanné, the Total chairman and chief executive officer, and will pave way for the investment decision in the “coming months,” the company said Friday by email from the Ugandan capital, Kampala. Total is now seeking to conclude a similar host government agreement with Tanzania, whose territory the pipe will traverse, to complete the tendering process for all engineering, procurement and construction contracts, according to the statement. The French major is leading plans to build the co...

Sep112020 by Abel Kawere & keefa NuwaherezaNo Comments

RwandAir Cancels Airbus & Boeing Orders

Business, FEATURED, NEWS, Rwanda, Tourism

Rwanda is an incredible country that has been trying to grow its tourism significantly (at least pre-coronavirus), and RwandAir is a part of that strategy. While it’s not the most profitable airline, it serves the purpose of providing more access to Rwanda, and that’s something the government has been supportive of. Unfortunately, some of the company’s big growth plans won’t be happening anymore. It’s being reported that RwandAir has canceled its outstanding aircraft orders. Specifically, this means that RwandAir has canceled its order for two Airbus A330-900neos, and two Boeing 737 MAX 8s. RwandAir currently has a fleet of a dozen aircraft, made up of six different models: One A330-200One A330-300Two 737-700sFour 737-800sTwo CRJ-900sTwo Dash 8-400s RwandAir was go...

Sep22020 by Our ReporterNo Comments

The Transformation from Non-Measurable Marketing to Affiliation.

Business, FEATURED, NEWS

By Keefa Nuwahereza The COVID-19 pandemic has brought a lot of challenges to several individuals and businesses currently grappling with economic downturns. Sports betting entertainment as an industry has not been exempted with several betting houses and platforms having to scale down on their operational costs and advertising expenditures for them to survive. The closure of betting shops due to COVID19 has most sports betting companies embracing online betting. The suspension of sports events such as football leagues and competitions led to the emergence of Simulated Leagues and E-sports onto the sports betting entertainment platforms and a boost in Online Casino. The shift has the firms considering several efficient but effective marketing options as well such as social media, Searc...

Aug312020 by Our ReporterNo Comments

Housing Finance Bank Dragged to Court.

Business, FEATURED, NEWS

By Keefa Nuwahereza Housing Finance Bank was dragged to court over fraudulent sale of city property at 8billion rather than 30billion at the current market value. A city businesswoman and widow has dragged Housing Finance Bank to court over fraudulent sale of her property at Kyadondo Road Nakasero in Kamapala. Ida May Kwesiga who owns Mayflower Apartments sitting on an acre of land at Nakasero has ran to land division of the high court in Kampala to sue Housing Finance Bank together with Balaji Group East Africa limited. The businesswoman says she entered into an agreement with bank in 2013 to develop her property by erecting the apartments and the bank approved a loan of $2.7m to her, which was to be paid back in 10 years. According to court documents, the loan fac...

Aug272020 by Our ReporterNo Comments

Mbarara Tycoon Apollo Balya Reclaims his Mall.

Business, FEATURED, NEWS

The information reaching our desk indicates that Tycoon Balya has been allowed to resume operating his business in the building following a five days’ closure by Orient Bank over sh9bn debts. Mbarara's top hardware dealer Apollo Muhumuza Balya has Wednesday reclaimed his Balya Mall located along Amahembe g'Ente roundabout, Mbarara-Masaka road. When contacted for a comment, Balya hesitated. He only confirmed that business has resumed. "Yes, we are operating but wait for the matters to first settle I will let you know," Balya said.

Aug272020 by Our ReporterNo Comments

China’s Tecno sold thousands of smartphones with malware in Africa

Business, FEATURED, NEWS

A Software that eats up mobile data and registers people for unwanted subscriptions has been found pre-installed on thousands of low-cost Chinese smartphones in Africa more than two years after it was first detected. The Triada malware signs mobile users up to subscription services without their permission and has been discovered on Tecno W2 smartphones in countries such as Ethiopia, Ghana, Cameroon and South Africa, according to a report published this week in partnership with BuzzFeed. Secure-D, the anti-fraud platform that conducted the research, recorded 19.2 million suspicious transactions since March 2019 from over 200,000 unique devices. "The fact that the malware arrives pre-installed on handsets that are bought in their millions by typically low-income households tells you...

Aug272020 by Our ReporterNo Comments

Endangered Uganda’s Gorillas Impacted by Covid.

Business, FEATURED, NEWS, Tourism, TRAVEL

A Ugandan silverback gorilla called Rafiki is one of countless animals that has fallen victim to poachers as the effects of coronavirus hit the east African country. At the start of June this year wildlife rangers noticed that Rafiki had disappeared. After a search they found his body. Rafiki had been killed by a poacher who claimed the animal charged at him and the killing was an act of self-defence. The poacher was sentenced to 11 years in jail. Dr. Gladys Kalema-Zikusoka, a veterinarian and CEO of the NGO, Conservation Through Public Health, is Uganda's leading expert on gorillas. She knows every ape at the reserve. She believes Rafiki did not attack. "We think that when this poacher came and found Rafiki, he may have got scared, because he's never been that close to a g...

Aug262020 by Our ReporterNo Comments

GEMS Cambridge School to close Operations in Uganda.

Business, Education, FEATURED, NEWS

Owing to COVID-19 pandemic life and businesses around the globe are being affected, GEMS Cambridge International School, Kampala (CIK) will close business in Uganda in December. According to Mr Riz Ahmed, the chief executive officer, GEMS Africa; the decision to close the school that was established in Uganda in 2013, was made after exhausting all options. Students outside Classroom He said in a statement that the pandemic and the resulting uncertainties have proved “exceptionally testing” with shrinking enrolment numbers as well as their ability to sustain operations. “As a result of these circumstances, we have been forced to make some very difficult decisions, and it is with great sadness that I am writing to advise you that CIK will close after the first term of the new ac...

Aug252020 by Our ReporterNo Comments

Uganda ‘not interested’ in another virus lockdown

Business, FEATURED, NEWS

Ministry of Health confirms 97 new COVID-19 cases, pushing caseload to 2,263 Uganda has announced it is "not interested" in a new lockdown despite a recent spike in coronavirus infections. “As government, we are not interested in another lockdown because people’s lives are obviously affected,” NTV-Uganda quoted information minister Judith Nabakooba as saying in a video report on Sunday. The remarks came two days after Minister for Kampala Betty Amongi issued an ultimatum to Kampala residents to comply with the SOPs else recommendations proposing a lockdown will be forwarded to President Yoweri Museveni. A lockdown was imposed in Uganda by the end of March. Masks became mandatory in public in May while restrictions started to ease in July. The Ministry of Health confirmed ...

Aug252020 by Our ReporterNo Comments

Mbarara Tycoon Balya’s Sons Arrested.

Business, FEATURED, NEWS

The sons claim that their fathers building was sealed off by mafias without any legal documents. Two sons of a tycoon in Mbarara City have been arrested following Sunday morning fracas between security guards and “kayanmas”. Arnold Balya and Ambrose Balya had earlier stormed Balya Mall demanding that Saracen guards allow them to access their father’s building which was taken over by Orient Bank over unpaid debt of sh9bn. The building belongs to Apollo Balya Muhumuza. Tycoon Apollo Balya Arnold and Ambrose claimed their fathers building was taken over by mafias without any court order. The police swung into action after Balya men used trailers and other vehicles to block all the roads, cutting off access to Mbarara City. Earlier, security guards fired live bullets to disp...