Uganda has not been spared by the adverse effects of the Covid 19 virus. The restrictions on travel and work took effect in March through April 2020. However, some construction companies from China with projects in Uganda have been affected by the Covid19 pandemic since December 2019. China is now Uganda’s largest source of foreign direct investment. According to the Chinese Ministry of Commerce, Uganda ranks third as a destination for FDI from China. China has advanced loans to Uganda for its infrastructure projects such as the USD 350,000,000 loan from the Exim Bank of China to partly finance the…
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KAMPALA – According to the Ministry of Health, today, Saturday, April 11, 2020, three people who have been completely healed of the Covid-19 disease in Uganda and will be discharged to return home. Another fifteen will be released either on Easter Sunday or Easter Monday, bringing to eighteen, the number of fully recovered Covid-19 cases! We thank God for this first victory in the national response against the Coronavirus pandemic. It’s indeed a great milestone and a welcome Easter present for all Ugandans who have braved the inconveniences that come with fighting this enemy and stayed home in the past…
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Meera Investments Limited, the real estate arm of the Ruparelia Group, has written to Hon. Matia Kasaija, the Finance Minister taking exception to a number of proposed tax amendments saying that should they be made into law, they will adversely affect the growth of the real estate sector. In a 2nd April 2020 letter, the Meera Investments’ Managing Director and founder, Dr. Sudhir Ruparelia called out specific clauses in The VAT Amendment Bill 2020 and Income Tax Amendment Bill 2020 saying that these clauses would cripple the sector. “We have had consultations with our tax lawyers, Kampala Associated Advocates, and…
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How was 2019 for dfcu Bank? In 2019, we steered the organisation through another year of success and growth; the operating environment was generally positive with a few challenges along the way, dfcu continued to demonstrate resilience and market leadership in the various segments that we serve. We delivered robust growth in the business and witnessed increased uptake of the Bank’s products and services year on year. Our stakeholder engagement across the multiple value chains of business and community also increased as we made a meaningful contribution towards the social-economic transformation of households and communities where we serve. Based on…
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By Emily Gakiza and Timothy J. Mutungi COVID-19’s potential economic danger is much stronger than its health risk to the public. China is the world’s largest exporter and is responsible for a third of global manufacturing, so China’s problem is everyone’s problem. Is COVID-19 a force majeure event? Companies may be considering whether the COVID-19 outbreak constitutes a force majeure event such that a party is excused from its contractual obligations. Most standard commercial contracts usually include force majeure clauses that cater for events such as war, terrorism, earthquakes, hurricanes, acts of government, plagues or epidemics. Where the term epidemic,…
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By Richard Byarugaba, NSSF Managing Director From this Monday, 13th to Friday 17th January 2020, your Fund, National Social Security Fund (NSSF), working with Ministry of Health and the Uganda Blood Transfusion Services (UBTS) will yet again run the NSSF Blood Donation Drive campaign. This will be the 9th NSSF Blood Drive for 9 years in a row, since we launched the campaign in 2012. During this time, we have mobilised blood donors all over Uganda to donate 21,425 blood units. But even with this, and a compounded annual growth rate of 34% in units collected, this is not enough…
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In reality, water resources are limited- therefore as populations increase, we have to learn to do more with less, making water efficiency, reuse and renewing a top agenda.
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By John Babirukamu Patrick Amama Mbabazi launched his 2015-2016 presidential campaign with a masterstroke that shock the country. A well-produced video launched on YouTube, not television or radio. And yes, while it spread countrywide over those traditional channels (and WhatsApp), the initial digital launch had the whole country wagging tongues about the “modern launch”, how it was such a huge surprise and the seemingly inadequate response it got from the established political players. The folly of 2016 And that was as far as the political candidates got to strategically use social media in that election. John Babirukamu, the author is…
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By Joshua Masinde For two decades, most of the population in northern Uganda lived in internally displaced people’s camps and depended on food aid and other relief emergencies for their livelihoods due to the insurgency by the Lord’s Resistance Army (LRA). Over the past few years, Gulu, one of the affected districts, has been on a path to recovery. With the prevailing peace, Geoffrey Ochieng and his wife can now safely till their 4.5 acres of land to grow maize and other staples to feed their family and sell the produce to meet other household needs. However, farmers in this…
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By Brian Tahinduka With a budget of UGX648 billion the financial year 2019/20, the Uganda National Roads Authority (UNRA) is constructing an additional 900 kilometres of paved roads across Uganda bringing the number of paved roads across the country to 5000km. Through a preferential contracting policy, UNRA is supporting Uganda’s local construction firms to achieve these targets by ensuring local content of 30% for each contract awarded. At Stanbic Bank, we are committed to bridging the gap in the construction sector through fostering partnerships. We bring together key stakeholders such as the local contractors under their Uganda National Association of…
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