Dr. Jeff Sebuyira-Mukasa has been appointed Chairman Board of Directors of the International Medical Group, succeeding Dr. Ian Clarke, effective July 1st, 2020. International Medical Group (IMG) is a group of health service companies that include: IAA Healthcare, International Hospital Kampala, International Medical Centre, International Diagnostic Centre, IMG Pharmaceuticals and International Medical Foundation. Dr. Clarke has been the Group’s founder and Chairman since 1996. Dr. Sebuyira-Mukasa, who holds a Doctorate in Business Leadership from the University of South Africa — is a Fellow of the Chartered Certified Accountants (UK), a faculty member with Duke Corporate Education, an accredited executive coach,…
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2015: For much of 2015, interest rates rose sharply, opening the year at an average 21.69% and by February 2016, had reached a 4-year high of 25.22%. This was partly due to a Bank of Uganda spike in the Central Bank Rate which opened 2015 at 11% but closed 2015 at a 3-year high of 17%. This dragged on until March 2016. As night follows day, borrowers started defaulting across the industry. Crane Bank, which was the fourth-largest lender at the time, got severely injured.March 2016: As a result of the default on the loans, BoU wrote to CBL directing…
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By Rudi Veestraeten & Richard Gafabusa Muhumuza The Ugandan tourism sector is in a major crisis. National Parks and lodges have remained empty for three months, since mid-March. Worse even: there is today no perspective for a resumption of international tourism in Uganda. If nothing happens, this crisis might loom for months and years. Many tourism companies are on the verge of bankruptcy and disappearance. The damage will take many years to repair. Tourism needs to be on oxygen and might even require a breathing machine. Action is needed now. Tourism is a major contributor to the economy of Uganda….
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Sixteen years since she joined MTN Uganda, Ms. Juliet K Nsubuga has grown through the ranks to become one of the four women that make up the top line leadership of Uganda’s leading telecom company and the country’s biggest taxpayer. “As General Manager Wholesale and Carrier Services, Ms. Nsubuga manages telecom to telecom partnerships that enable MTN customers to have a great service experience when out of the country through roaming and locally when they call to other networks; as well as managing infrastructure services to other telecom providers,” said an MTN statement. “Her obligation is to ensure that the…
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By Monsignor David Cappo Do you believe that COVID-19 is real? Have you felt prepared to follow the President’s lockdown and social distancing measures? While the majority of people in Uganda would respond affirmatively to both these questions, there are still many people in Uganda, as evidenced by their behaviour, who would not. When we fail to respect lockdown restrictions by breaching the curfew hours or reject public health measures like social distancing and wearing masks in public, we not only put ourselves at risk, we also compromise the health and safety of those around us. Taking actions that benefit…
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By Anne Juuko Africa’s progress in empowering women risks being undone if authorities’ responses to the Covid-19 crisis do not take gender issues into account. Most notably, access to funding will be critical for the survival of many small businesses; yet we know that women entrepreneurs face significantly greater obstacles than men when it comes to accessing financial services. If policymakers are not cognisant of this in their responses, including in their fiscal stimulus packages, Africa’s strides forward in financial inclusion could be reversed in the months and years ahead. We must ensure that our responses are aligned to the…
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On or around 5th June 2020 the Minister of Finance Planning and Economic Development tabled in Parliament 4 bills for approval into Acts of Parliament. The above bills are to amend The Income Tax Act (Bill No. 1 dated 4th June 2020), The Excise Duty Act (Bill No.1 dated 4th June 2020), the Tax Procedures Code Act (Bill No. 9 dated 30th March 2020) and the Value Added Tax Act (Bill no 14 dated 4th June 2020). The bills are ostensibly to address the negative effects of COVID-19 on taxpayers. Whereas the measures themselves are timely and more than welcome,…
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Tell us about the SME sector in Uganda? The SME sector in Uganda is basically clients who are involved in the day to day running of businesses, local businesses in and around the country. They cut across various sectors. The sectors are oil & gas, manufacturing, trade and commerce, educational sector, the NGOs, and also people involved in infrastructure. Also, not forgetting clients in agriculture and agribusiness. SME stands for small and medium enterprises. What we mean by small is those enterprises who are mainly beginning businesses. They have left the startup stage but are in business between six months…
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By Terry Garbett Kampala International School Uganda (KISU) is moving into its third month of online learning. Our aim has been to ensure that all our students from our Early Years (2/3 years old) to our International Baccalaureate students (18 years old) continue with their learning as uninterrupted as possible. We are using a variety of platforms, as the needs of different age groups are better catered for by some more than others. For our older students Managebac, Google Classroom, Google Meet and Zoom are all put to good use. In Primary, Google Classroom, Google Meet and Loom are most…
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By Donald Waigumbulizi, Ericsson Uganda Country Manager Technology has the potential to fundamentally transform societies. Information and Communications Technology (ICT) and broadband are becoming central to societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected to grow in the coming years. It is projected to grow from 17% in 2020 to 26% in 2050 and 39% by 2100 of global population while the share of Asia will fall from 59%…
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