BY PAUL TENTENA KAMPALA, UGANDA- Uganda still remains the predominant transit destination through Mombasa Port, with a total transit traffic of 7,112,971 tons in 2017 up from 6,346,715 tons in 2016 according to officials from the Kenya Ports Authority (KPA). This was an increment of 522,876 tons between the two years representing an 82.3% share […]
BY EABW REPORTER CAPE TOWN, SOUTH AFRICA- Cape Town retains the biggest share of planned hotel development in South Africa despite showing a decrease in total planned rooms, according to a regional focus from the influential annual hotel pipeline survey by W Hospitality Group. Cape Town has 25% of the South African development pipeline, with […]
BY EABW REPORTER PARIS, FRANCE- In Africa today, only 5% of CEOs running large companies are women. Yet, the positive impact of women executives on a company’s financial performance has been proven. African companies with the most women on their executive committees achieve 20% higher profit margins than the average for their sector of activity. […]
BY SAMUEL NABWIISO ARUSHA, TANZANIA- The East African Community member states have presented for consideration budget estimates for the Financial Year 2018/2019, totaling to $99,770,716 to the East African Legislative Assembly . The Chairperson of the EAC Council of Ministers, and Second Deputy Prime Minister, Republic of Uganda, Rt Hon Dr Ali Kirunda Kivenjija, presented […]
BY EABW REPORTER KAMPALA, UGANDA- The Stanbic Bank Uganda Purchase Managers Index (PMI) for May climbed to a record high of 53.9 for the year, signaling further improvements to the overall health of the Ugandan private sector. It marked the 16th straight month of expansion, driven by increased employment, and new orders which continued to […]
BY PAUL TENTENA KAMPALA, UGANDA- Milk production in Uganda has reached over 2.2 billion litres a year according to Dr. Rose Okurut the Assistant Commissioner Animal Health in Ministry of Agriculture. She says of the 2.2 billion produced, 80% is marketed while the rest is consumed at homes. “Of the 80% that is marketed, only […]
BY EABW REPORTER KAMPALA, UGANDA- Following extensive renovations in over fifty years, the Sir Albert Cook Medical Library has been officially handed over to the Makerere University Administration by Stanbic Bank Uganda who contributed over UGX 197 Million towards the project. The University library was established in 1924 by Dr. Albert Cook and houses an […]
BY EABW REPORTER BUSAN, Republic of Korea – Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution. “Africa is no longer the sleeping lion. Korea is happy to share its industrial experience with the continent. The theme of the […]
BY SAMUEL NABWIISO KAMPALA, UGANDA- dfcu Bank customers who have been struggling to purchase insurance policies have a chance to Smile after the bank joined insurance services provision by launching DFCU insurance. dfcu Bank’s Chief Commercial Officer and Executive Director; William Sekabembe revealed that they have taken a slightly different approach to Bancassurance. “Bearing in […]
BY EABW REPORTER KAMPALA, UGANDA- Centenary Bank, Uganda’s leading commercial microfinance Bank, has unveiled the new CenteVisa debit card. This comes after the roll out of internet banking, and is a step towards enhancing customer’s convenience in accessing financial services. The CenteVisa card is a globally accepted card that operates using Chip and Pin technology, […]
BY PAUL TENTENA KAMPALA, UGANDA- Nyamasoga Oil Waste Treatment Plant, that was constructed in Hoima District between April 2014 and November 2014 to treat oil waste from exploration areas is under-utilized or working below capacity according to Joel Ogarubo the Land Fill Manager at the Plant. Ogarubo said because there is no law that can […]
BY PAUL TENTENA HOIMA, UGANDA- Though it will come a year late after the promised 2020 first oil drop for Uganda, Hoima International Airport, which is under construction in Hoima District in western Uganda is expected to be ready for full operation by 2021. The contractors SBC/SBI Llodys British International told the media on a […]
BY PAUL TENTENA KAMPALA, UGANDA- Only six out of the 30 Electricity Companies regulated by the Electricity Regulatory Authority have the International Standard Organisation (ISO) certification, meaning the rest are not yet certified according to the Electricity Regulatory Authority Chief Executive Officer. Ziria Waako said in Kampala that Bujagali Energy Ltd, Eskom Uganda Ltd, Uganda […]