Business – Page 40

Dec102020 by Our ReporterNo Comments

RECORD BREAKER: 1ST UGANDAN SMASHES FORTEBET’S UGX 1BILLION

What an amazing win! Uganda’s betting history has been rewritten after hitting the highest win ever on a single ticket, UGX 1 billion. You may have seen very big bet winners but none of them is a match to this breathtaking 1billion bang. This win now whitewashes Uganda’s top five wins; 632,000,000/=, 500,000,000/=, 424,889,280/=, 408,980,448/= and 308,491,744/= that had stood in positions 1, 2, 3, 4 and 5 respectively. Most interestingly, all these top six winners won with Fortebet. His bets were on 1 (home wins), 2 (away wins), both teams to score-Yes and X2 (away team to win or draw) with simple odds like 1.36, 1.41...and the highest being 2.22, 2.48 and 2.68. This UGX 1,000,000,000 winner received his money on Wednesday at Fortebet head office in Kampala. In an exclu...

Dec92020 by Our ReporterNo Comments

Gov’t Officially Clears Resumption Of Labour Export

Business, FEATURED, Latest News

The Uganda Association for External Recruitment Agencies (UAERA) has revealed that the Ministry of Gender, Labour and Social Development has officially reopened the labour externalization sector after months under closure due to COVID-19 induced lockdown and restrictions. “We wish to formally inform all our members and stakeholders that the long wait is over, We have today 8th.12.2020 received a communique from the Ministry of Labour Gender and Social Development authorising us that externalisation of labour has finally resumed. This will be in guidance with the COVID-19 Standard Operating Procedures,” UAERA said in a statement on its social media pages. This means that legally registered companies dealing in recruiting and exporting of workers should resume business with stri...

Dec92020 by Our ReporterNo Comments

How Kainobwisho landed a juicy job at URSB?

Business, FEATURED, Latest News

By elite reporter The Board of Directors at Uganda Registration Services Bureau (URSB) has appointed Mercy Kainobwisho as the Registrar General. Kainobwisho’s appointment follows the departure of Bemanya Twebaze who was recently elected the Director General, Africa Intellectual Property Organisation. A statement issued yesterday by the Ministry of ICT and National Guidance said Kainobwisho emerged the successful candidate after beating seven others during internal interviews on December 2. The 41-year-old lawyer previously served as the director of Intellectual Property at URSB, head of Business Services Bureau and manager of Intellectual Property.

Dec32020 by Abel kawereNo Comments

Huawei AirPON to accelerate African fibre broadband connections

Business

JOHANNESBURG, December – The recent AfricaCom virtual technology event saw Huawei launch its innovative AirPON solution, which reuses existing wireless sites to build full-fibre access networks for operators quickly and at low cost. Fibre broadband has come to be seen as an essential service, especially during the Covid-19 period, with strong demand for FTTH (Fibre to the Home) deployment in Africa countries. However, FTTH network construction faces huge challenges. Traditionally, operators have had to deploy centralised office equipment rooms and lay out massive optical cables to reach users. This requires large-scale initial investment and the resolution of complex problems such as right-of-way (ROW) acquisition. As a result, network construction has always been time-consuming and...

Nov172020 by Abel kawereNo Comments

Kaisha Dog Trainers Uganda Announce 50% X-mas Discount

Business, FEATURED

Do you have a puppy or dog that needs training or you want to acquire skills in Dog Training? Well, if so, Kaisha Dog Trainers Uganda should be your first choice! Kaisha Dog Trainers have announced the biggest Christmas discount of the year by slashing costs by a half. we will be having a 50% off discount on selected services such as grooming,dog boarding and lots more. All people keeping dogs as pets, those rearing them for commercial or security purposes are welcome. For more information Call 0777385376 | Facebook

Nov172020 by Abel kawereNo Comments

Affordable devices a big opportunity in driving 4G migration

Business, FEATURED, Latest News

Kampala, November 2020 – There are significant business opportunities in the mobile-broadband space in building an ecosystem of affordable mobile devices to support user migration to 4G and 5G cellular network technology. This was the message emerging from the 5th Huawei Africa Mobile Broadband Salon taking place at the online Africacom Africa Tech Festival from 9-12 November in Johannesburg. Delegates heard that the ICT industry had never been more important to society, and that it was now at the forefront of social development and restoring economies affected by the COVID-19 pandemic. “Connectivity is the foundation for digital transformation,” said Salon facilitator Mohamed Madkour, Vice President, Carrier Business Marketing and Solutions for Huawei. “It's about time that we a...

Nov52020 by Abel kawereNo Comments

Binance is Closing shops in Uganda.

Business, FEATURED, NEWS

After a two-long year stay in operations, Binance Uganda, one of the African outposts for the world's largest crypto exchange, will be shutting its doors on November 11. The closure follows a mission by Binance to cut down on losses, which also sees British Isle-based exchange, Binance Jersey, shut down its businesses on November 30th. The East African country has enjoyed the exchange’s services from the fall of 2018, offering a direct platform for Ugandans to use the Shilling to purchase cryptocurrencies. The launch of Binance UG targeted efforts to promote crypto adoption across the continent, using the country as a starting point to taking over the African market. Why Binance UG is shutting down In an interview explaining the recent closure of the Ugandan branch, Bin...

Oct222020 by Our ReporterNo Comments

Ugandan Businessman Arrested with 105,000 USD in Nimule

Business, FEATURED, NEWS

A Ugandan national is being held by South Sudanese security authorities at the border town of Nimule in Eastern Equatoria State, for carrying 105,000 United States dollars in cash and allegedly operating a money transfer business illegally. “It was five days ago back when a Ugandan working in the field of money changing and mobile money transfer was arrested,” Colonel John Achiek, the immigration chief at Nimule border told reporters on Tuesday. “The money was taken by the economic affairs officers who are working with security, they are the ones now in charge of the case. He is a Ugandan, I don’t know his name but of course, security has taken him. For us, we are just working with the people, they say it is 100,000 dollars, but I don’t know how much money exactly,” he added. Maj...

Oct212020 by Abel kawereNo Comments

Uganda tax deal paves way for Tullow sale to Total

Business, FEATURED, Latest News, Oil & Gas

Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly. Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly. The Minister of Energy and Mineral Development has also approved the transfer of the equity, and the operatorship, in Block 2 to the French company. The government and the Ugandan Revenue Authority have approved the tax agreement. All governmental conditions have now been met, Tullow said. As such, the transaction should close “in the coming days” after certain customary steps have been completed. Total will pay Tullow $500 million on closing. The French company will then pay $75mn when it reaches a final investment decision (FID). Oil price movemen...

Oct172020 by Abel kawereNo Comments

Ruparelia Group Announces Attractive Offers To Tenants Amidst COVID-19 Pandemic

Business, FEATURED

By Keefa Nuwahereza City tycoon Sudhir Ruparelia has announced unbelievable offers for tenants at several of his buildings owned under the Ruparelia Group of Companies and Crane Management Services. According to our sources at Crane Management Services Ltd, the Ruparelia has rolled out a campaign aimed at fostering the development of Uganda’s economy despite the COVID-19 challenges. In a bid to further their resolve to promote economic development, Rajiv Ruparelia, the Managing Director of the Ruparelia Group of Services, has announced a free 3-months rent offer to tenants who seek to secure offices at four of their buildings which include; Hardware City, Hardware Plaza, Market Plaza and Electrical Plaza. Kingdom Hall Kampala is owned by tycoon Dr. Sudhir Ruparelia...