Friday, October 25News That Matters

Business

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
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. 2. Car wash/ night parking: Hire a place. They are always cheap and start with washing cars, car washing costs around 5 to 10k. 3. Home cl...
Why Taxes on Bank Withdrawals is Good News

Why Taxes on Bank Withdrawals is Good News

Business, FEATURED, NEWS
This week, a proposal was brought to tax bank withdrawals as a means of generating revenue that will help our leaders get motivated to sacrifice for this country. You know it's bad for a farmer to keep milking a cow that she doesn't feed. It's not good for the citizens to keep milking their leaders asking for services yet the leaders are not given enough facilitation to make them happy so that they can deliver those services. Imagine we now have 519 MPs, for them to execute their duties well, they need comfortable vehicles which can manage the poteholed roads that Ugandans have failed to work on. These vehicles will cost 320 million each, meaning that we need 166bn for that purpose. On top of that each MP has been getting an average of 30 million per month, this money is very little...
Why Uganda is Missing out on Chinese foreign minister’s visit to Africa

Why Uganda is Missing out on Chinese foreign minister’s visit to Africa

Business, FEATURED, NEWS, Politics
What might China's goals be in paying visits to Nigeria, the Democratic Republic of Congo, Botswana, Tanzania, and the Seychelles? Chinese Foreign Minister Wáng Yì 王毅 has begun a five-nation African tour in Nigeria in what’s now a 30-year-old custom of Beijing’s top diplomat always starting the year with a visit to the continent. After Nigeria, Wang will fly to the Democratic Republic of Congo, Botswana, Tanzania, and the Seychelles, a small Indian Ocean island chain off the coast of East Africa. Other than listing meetings with his foreign minister counterparts, the Chinese Ministry of Foreign Affairs provided very few other details about Wang’s agenda during the weeklong tour and why specifically these countries were chosen for the visit. Last week, foreign ministry spok...
Where Will Uganda Airlines Fly Its New Airbus A330-800NEO?

Where Will Uganda Airlines Fly Its New Airbus A330-800NEO?

Business, FEATURED, NEWS, Politics, TRAVEL
Having taken delivery of the first of its two brand new Airbus A330neos, we thought we would take a look at what routes Uganda Airlines plans to operate the aircraft on. Before the new A330neos arrival Uganda Airlines was limited to flying short-haul routes within Africa to places like Nairobi, Lusaka, and Dar es Salaam. According to Planespotter.net Uganda Airlines’ entire fleet was made up of just four  Bombardier CRJ-900s with an average age of 1.6-years. Uganda Airlines’ plan is to operate the twin-engine regional jets on short-haul routes linking Kampala with other African capitals. Uganda Airlines is targeting tourists Before the A330neos were ordered from Airbus, the government-backed airline saw tourism as a big moneymaker for the co...
CITY BANK ON SPOT AS NRM MP ASPIRANT LOOSE SCHOOLS TO NUP RIVAL

CITY BANK ON SPOT AS NRM MP ASPIRANT LOOSE SCHOOLS TO NUP RIVAL

Business, FEATURED, Latest News
By Our Reporter Security has picked interest in a case where the National Resistance Movement (NRM) boss lost two schools to a National Unity Platform (NUP) member. Ronald Ndawula, the former LC 5 and NRM Chairman of Luwero district who is also an aspirant for Katikamu North Member of Parliament seat on independent ticket, recently lost his two schools (Everest Schools) to Denis Sekabira (NUP), who is also contesting for the same seat. This was after Ndawula’s failure to service Shs600m bank mortgage he acquired from Equity bank in 2017. He had staked the two schools comprised on LVR 975 Folio 6, Plot 836, LVR 975 Folio 5, Plot 835 both located at Kavule, Katikamu; and LVR 3618 Folio 4, Plot 634 at Bulemezi Katikamu. However, when he failed to service the mortgage, the ba...
10 Win Big in the African Queen’s BIC Stock & Win Promotion

10 Win Big in the African Queen’s BIC Stock & Win Promotion

Business, FEATURED, Latest News
Mukono- At least 18 people have walked a way with various prizes in the African Queen’s Bic Stock & Win annual promotion at the office headquarters in Kiwanga-Namanve in Mukono district. The promotion is a reward program that aims to thank their loyal wholesalers for their continued support to African Queen as well as Bic. The prizes won include 1 car, 12 boxer Bajaj, 5 49 inch TV screens in addition to free BIC stock. ir bikes Richard Kule Mugenyi BIC’s Associate Sales Manager said that the promotion that was supposed to be held at the beginning of the year however, it was affected by the novel covid 19. “We have an offer for our wholesalers every year encouraging them to stock our products and win prizes. Today one wholesaler has walked away with a car, 12 have walke...