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Covid-19 pushed the tourism sector on the edge – almost to near collapse – non had ever imagined. It was a global disaster, but one that hurt Uganda’s tourism value chain, perhaps much more than elsewhere. Stretched months of airspace closure and restrictions on movement left the industry on its knees – from which it has taken almost five years to show real signs of recovery. Not forgetting that the industry had for years struggled to shake off various pressures, resulting from terrorism and political-related threats. Post-Covid-19 – around 2021 – tourism arrivals stood at about 450,000, which was…
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One may wonder what’s on Jennifer Bamuturaki’s mind; is it the war in Congo and its impact on Uganda Airlines’ operations, the public scrutiny of her financial losses as a chief executive of a national carrier, or perhaps the airline’s expansion plans for 2025? Bamuturaki has had some lucky years and…
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In the previously war-ravaged and tightly knit community of Locomo in Kitgum District, the local clan has a saying: “The land belongs to the dead, it is under the care…
By Francis Lutalo The banking industry is facing unprecedented times with the need to adapt faster to emerging technology to serve the ever-changing client needs. Faced with competition from other third-party service providers and middlemen, banks are exploring how to replace the current traditional banking infrastructure with the transformative power of blockchain technology to speed up payments, remittances or even day-to-day over the counter transactions. Advanced economies such as the USA and China have already demonstrated considerable success with blockchain technology in digital currencies, payments and remittances with the global south slowly catching up. Rwanda and Ghana are prime examples…
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Absa Group has marked a historic milestone with the official launch of a non-banking subsidiary in the People’s Republic of China, fortifying the vital economic bridge between Africa and China. The Absa office in China will operate under a wholly foreign-owned enterprise license which permits the financial institution to provide general advisory services to clients based in China for concluding transactions across the African continent, as a non-banking subsidiary of Absa Group Limited. The office will also distribute economic or general securities research reports permitted by Chinese regulation to corporate and institutional clients in China and across the African markets. …
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By Damali Ssali. There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant factors. International trade grew dramatically in the second half of the 20th century. As an example, total global trade in 2000 was 22 times greater than it had been 1950. This increase in multilateral international trade occurred when trade barriers, especially tariffs, were significantly reduced or in some cases eliminated across large trade blocks in Asia, America and Europe. Tariffs are taxes levied on imports and exports between states with the aim…
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By Patrick Kagenda An International Alert (Uganda) commissioned report on the impact of South Sudan on Uganda`s economy titled, “South Sudan-Uganda investment & Trade relations: Preliminary Findings & Recommendations
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Silvia Nyambura With the increase in business relations between African governments and China, Hill+Knowlton (H+K)Strategies Africa a member of advertising and PR firm Scan Group has announced the launch of H+K ACCESS a service aimed at providing public relations and public affairs communications for Chinese companies operating in Africa. The service which is supported by the company’s teams in Beijing, Johannesburg, Nairobi, Kampala and Lagos goes a long way to build the PR firm’s portfolio across continents. In a media release sent to the CEO Magazine, Hill+Knowlton China co-president Ye Yu said, “More than ever, clients in China are seeking…
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By Patrick Kagenda Many of us may not know, but apparently, apart from the British colonialists, China is recognized for being the first other foreign country to open an embassy in Uganda after Uganda attained independence in 1962. Even though the Chinese did not make as much noise compared to their western world counterparts, bilateral relations between the two countries remained steady in spite of the regime changes in Uganda. However, over the last 20 years, Chinese influence and presence in Uganda is beginning to be felt across the board, especially trade, infrastructure development and ICT. According to available statistics from Uganda Investment Authority, the total amount of China’s…
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