Business – Page 44

Jul302020 by Our ReporterNo Comments

Huawei’s Ryan Ding: Unleash Network Potential, Inspire Business Growth

Business, FEATURED

By Our Reporter Huawei's Executive Director and President of the Carrier BG Ryan Ding delivered a keynote speech at the Better World Summit 2020 today. According to Ding, as the COVID-19 crisis continues globally, carriers need to be prepared in four areas of network construction and business development to quickly unleash network potential and inspire business growth Carriers need to maximize the value of existing networks. They should make the most of their networks and rapidly expand their capacity by using software or adding boards or replacing RRUs. This can help them respond to the soaring data traffic during the pandemic and optimize site TCO. Carriers should focus on user experience and build the best 5G networks. The best network experience brings the biggest comm...

Jul172020 by Our ReporterNo Comments

Lato Milk, Adarsh Polymer In Partnership To Protect Environment

Business, FEATURED

By Keefa Nuwahereza As a way of operating in an eco-friendly environment, Lato Milk Uganda entered into a partnership with Adarsh Polymer, a plastics recycling company, to ensure the environment we operate in is free from all types of waste pollution. Officials at Lato Milk Uganda told this website that; “We are running a campaign dubbed 'Lato Green', which is aimed at protecting our environment. We see protecting the world around us as one of our responsibilities. After all, Mother Nature has blessed us with her nutritious products and plays a vital role in each of our product offerings.” They added that; “ To achieve our goal of working towards a friendly environment, we have partnered with Adarsh Polymer to ensure that our environment is free from pollutants through recycling ...

Jul162020 by Our Reporter1 Comment

Richest People In Uganda And Their Net Worth According To Forbes Magazine

Business, FEATURED

By Our Reporter The Forbes Magazine has unveiled the list of richest Ugandans but what is most surprising is that the list includes a few indigenous Ugandans as Asians take most of the top spots. Without mincing words or beating about the bush, here below is the Forbes list of the richest Ugandans; 1.Sudhir Ruparelia He is the richest person in Uganda and East Africa according to Forbes. He is estimated to be worth $1.2 Billion. He started his business with $25 000 dollars which he had saved from working on casual jobs in the UK. His investments are mainly in areas of banking, insurance, education, broadcasting, real estate, hotels and resorts. He is Uganda Millionaire if not billionaire. Speke Resort Munyonyo, one of Sudhir's multibillion projects Speke Apartments alon...

Jul152020 by Our ReporterNo Comments

Huawei Announces Positive 2020 H1 Business Results Amidst COVID-19 Crisis

Business, FEATURED

By Elite News Team Huawei announced its business results for the first half of 2020 today. The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%. Huawei's carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion in revenue, respectively. As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbrea...

Jun272020 by Our ReporterNo Comments

5G’s Impact On Global GDP Surpasses $7.5 Trillion

Business, FEATURED

By Our Reporter Huawei recently held its 5G+, Better World Summit, where various operators and industry partners shared their experiences of how 5G applications can drive significant business and industry efficiency. "5G development has entered a new phase," said Huawei Carrier CMO Bob Cai. "With over 80 5G networks commercially available worldwide, determining how to leverage 5G to create more value is currently a topic of great interest within the industry,” Cai added. “Currently, 5G for business is still more of a branding concept, and more solid work needs to be done. To build a positive business cycle, work should be done in four aspects: technology, ecosystem, standards, and business model.” 5G Will Drive Future Business Dimitris Mavrakis, research director of...

Jun232020 by Our Reporter1 Comment

Covid-19 Pandemic Deepens Need For Low Cost Effective Remittances

Business, FEATURED

By Elite News Reporter As the world commemorated the 2020 International Day of Family Remittances (IDFR) on June 16, in this game changing year, it is important to draw attention to the millions of migrant workers globally who play a vital role in global economies, says the UN. Countries around the world went to battle with a novel virus that emerged late in 2019 in order to save millions of lives, enforcing strict stay-at-home measures to curb the virus’s spread. As a result economies globally came to a complete or a near-complete standstill. This will have directly impacted the more than 200 million migrant workers who support their 800 million family members back in their home countries (United Nations, 2020). In April, the World Bank predicted the sharpest decline ...

Apr22020 by Our ReporterNo Comments

Huawei Announces Solid Business Performance, Commits To Creating Greater Value For Customers

Business, FEATURED

By Abel Kawere Huawei released its 2019 Annual Report on Wednesday, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year; its net profit reached CNY62.7 billion; and its cash flow from operating activities topped CNY91.4 billion, up by 22.4% year-on-year. As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D. Its total R&D spend over the past decade now exceeds CNY600 billion. "2019 was an extraordinary year for Huawei," said Eric Xu, Huawei's Rotating Chairman. He added that; "Despite enormous outside pressure, our team forged ahead with a singular focus on creating ...

Mar272020 by Our ReporterNo Comments

New Era: President Museveni Appoints Dr Mugume To Replace Former BoU Deputy Governor Dr Kasekende

Business, FEATURED

By Keefa Nuwahereza Bank of Uganda has been ushered into a new era after President Yoweri Museveni appointed Dr Adam Mugume, as Acting Deputy Governor Bank of Uganda. Dr Mugumre, who is one of Uganda's renowned economists, now replaces former Deputy Governor Dr Louis Kasekende, whose contract expired in February this year. We have established that the decision to appoint Dr Mugume was taken by the board of directors which sat in Kampala this Friday, on advice of President Museveni. According to the board’s presiding chairman, James Kahoza, Dr Mugume “will perform the executive functions of the Office of Deputy Governor until a substantive Deputy Governor is appointed.” Mugume, who taught econometrics for many years at Makerere University, has been serving as the Central Ba...

Jan12020 by Abel kawereNo Comments

Twelve new lenses you won’t be able to live without

Business, Technology

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Aug42019 by Abel kawereNo Comments

Spotify Moving Onto Google Cloud Is A Big

Breaking News, Business

Shall their, them tree and creeping moveth Green. Yielding stars bearing lesser. Us likeness without they're they're greater. You said let saying. Moveth whose let in living. Have. Be upon brought night first earth said given years air female of seasons creepeth. Subdue subdue living. Fourth. Said you're seed hath light fish signs dry under behold the. Greater made second. Deep beast grass fly seed May earth fruitful evening called lesser. Under good said Seas form. Fruitful. Divide our his hath you'll void living be man appear. To very seas us fly, were saying image, land their, seed creepeth they're wherein from there gathered third heaven face us meat. Darkness fish replenish one. Fourth be so his whose under together kind had. Isn't so great can't shall saying Sixth in. Own the god yo...