It’s 2022, the world is recovering from the unexpected COVID-19 pandemic. In the silence of lockdowns across the world, what was different? Businesses experienced slow economic moves, confusion at the strategic levels and so many questions for management darkened the horizons. Critical to management were questions like how does the business thrive, stay relevant to the community, and create shareholder value? In the wake of adaptation to survive the pandemic, quick solutions were found; changes like hybrid work models, virtual meetings, and flexible working hours took centre stage. The challenges of COVID-19 have accelerated innovation in technology and changed the…
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On September 23, 2022, e-commerce firms in Uganda commissioned their umbrella, E-Trade and Startup Association of Uganda, in a bid to help them unlock the potential of e-commerce with one voice. The association which was launched by Dr. Chris Baryomunsi, the Minister of ICT and National Guidance at an event held at Fairway Hotel in Kampala, was founded by four leaders of SafeBoda, Jumia, Tugende and KTA. The four founding members would later invite other start-ups to strengthen the voice of all those harnessing the power of financial technology (FinTech) to create one strong voice in expanding and sharing the…
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The Court of Appeal in Kampala has dismissed an appeal by Uganda National Roads Authority – UNRA against Dott Services Limited and Professional Engineering Consultants Ltd – PEC. The appeal is against the decision of the High Court dismissing, with costs, a suit filed by UNRA against Dott Services Limited and PEC. Background In 2010, UNRA entered two road services agreements with Dott Services Ltd for the development and maintenance of Tororo-Mbale Road (49 km) and Mbale-Soroti Road (103 km). The signing of both contracts took place on 22nd October, 2010 and the agreed commencement date for their execution was…
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Members of the National Social Security Fund (NSSF) will earn an interest of 9.65% on their savings for the financial year 2021/22 translating into UGX 1.38 trillion that will be credited to their accounts. This is lower compared to the interest rate of 12.15 for the FY 2020/2021. This was announced by Henry Musasizi, the Minister of state for Finance (General Duties) who represented the Minister of Finance, Planning and Economic Development Matia Kasaija, at the Fund’s 10th Annual Members Meeting held at the Kampala Serena Hotel on Tuesday. Musasizi applauded the Fund’s resilience against turmoil in the business world…
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Hoima Sugar has agreed to restore land at Kyangwali which it insists was damaged by encroachers and not the sugar company. This follow a letter from the National Environment Management Authority (NEMA) informing the sugar company of the findings of a recent site visit to the Kyangwali Mixed Land Use project and a subsequent restoration directive. However the company denies any responsibility for the destruction of the forest, but however says, it shall go ahead with the restoration as ordered by NEMA. “We would like to state clearly that all clearing activities carried out by the company for the establishment…
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The Financial Technologies Services Providers’ Association (FITSPA), umbrella body for FinTechs in Uganda has appointed 13th October 2022 for their 4th edition of annual FinTech conference. The board made the announcement on Monday during a press briefing at Sheraton Hotel Kampala. Under the theme “Investments and Partnerships – How to Thrive in Uganda’s FinTech eco-system”, stakeholders in the industry will converge to discuss the progress being made in the industry as more FinTechs get licensed and what challenges still lie ahead. FITSPA, with 189 members celebrates 5 years of existence with several milestones. FITSPA will also launch two key products;…
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The Institute of Corporate Governance of Uganda (ICGU) in partnership with Grant Thornton, Uganda (GT) has organised the 2nd ICGU Corporate Governance Awards 2022, scheduled for Wednesday, 28 September, 2022. This year’s event will be held under the theme “Corporate Governance: Recognizing Adherence to Best Practices”. The awards will cater for categories of Public Sector, NGOs, SMES Large Private Sector, Banks and Insurance ICGU. During COVID-19, a number of organizational practices changed, new management discoveries like virtual operations, Environmental, Social and Governance aspects became more pronounced, new investment opportunities emerged as well as new risks. According to Geoffrey Kihuguru, Chairman,…
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E-commerce firms in Uganda have officially launched their umbrella, E-Trade and Startup Association of Uganda, a rational initiative that helps organizations and startups unlock the potential of the trade. Founded by four start-ups of SafeBoda, Jumia, Tugende and KTA, the association was commissioned by Dr. Chris Baryomunsi, the Minister of ICT and National Guidance at an event held at Fairway Hotel in Kampala, on Friday September 23, 2022. The four founding members would later invite others to strengthen the voice of all those harnessing the power of finance technology (FinTech) to create one strong voice in expanding and sharing…
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It is regrettable and hypocritical that some of the regions and nations that mismanaged the environment and are disproportionately responsible for global warming, have embarked on a rigorous campaign to thwart efforts of other countries, to responsibly and sustainably develop the oil and gas sectors, Vice President Jessica Alupo has told the UN General Assembly. Alupo was on Friday morning addressing the General Debate of The 77th Session of The United Nations General Assembly. The Government of Uganda and the European Union has since recently been in a scuffle after the European Parliament’s recent emergency resolution to stop the ongoing…
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The Government of Uganda has said that European Parliament’s reliance on international human rights instruments to condemn the East African Crude Oil Pipeline – EACOP project is a cover to negate the economic development aspirations of Uganda. Uganda was responding to EU’s recent emergency resolution to stop the ongoing works on Uganda-Tanzania oil project citing human rights violations and environmental threats. According to EU, EACOP, which would be the largest heated oil pipeline in the world, puts lives of more than 100,000 people at imminent risk of displacement with inefficient guarantees of adequate compensation. They want authorities to adequately compensate…
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