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    COVID-19 Impact on Private Sector

    IRRESPONSIBLE LENDING AND INSIDER TRADING: Stanbic Bank senior executives accused of cheaply selling to themselves client’s property

    Muhereza KyamuteteraThe Big StorySeptember 26, 2020September 26, 2020

    A client of Stanbic Bank Limited, Macdowel Limited, has asked police to investigate circumstances under which seven senior executives of Stanbic Bank Uganda, sold to themselves a mortgaged property on…

    Uber continues to adapt to meet customers’ needs while protecting drivers against COVID-19

    CEO ReporterCompany NewsSeptember 25, 2020September 25, 2020

    As government gradually reopen the economy and movement restrictions continue to be eased, companies and organisations have put in place measures to ensure safety of their employees. Uber is such…

    Billionaire, Sudhir Ruparelia tests negative for COVID-19; urges for strict observance of government guidelines on pandemic prevention

    CEO ReporterThe Big StorySeptember 22, 2020September 22, 2020

    Billionaire founder and Chairman of the Ruparelia Group, Dr. Sudhir Ruparelia has urged Ugandans to continue strict observance of the government guidelines on COVID-19, saying that in the interim, this…

    Entertainment Industry asks Government to allow them open Under Strict Guidelines

    CEO ReporterCompany NewsSeptember 22, 2020September 22, 2020

    The owners of bars and entertainment places in Uganda under their association – Legit Entertainment, Bars and Restaurant owners’ Association (LEBRA) – have asked government to allow them to open…

    COVID-19: GEMS Cambridge International School closes

    CEO ReporterThe Big StoryAugust 25, 2020August 26, 2020

    As COVID-19 shows no sign of letting up, GEMS Cambridge International School, Kampala has announced that it will close effective December 31, 2020 on their way out of Uganda because…

    COVID-19: UMEME’s half year gross profit drops by 22 percent

    Samuel MuhimbaBanking & Financial ServicesCompany NewsAugust 18, 2020August 18, 2020

    Uganda’s biggest power distributor UMEME Limited has announced its half year financial statements  for the six months ended 30th June 2020 indicating a reduction in gross profit by 22 percent…

    Cross-Border Informal Exports Fall 99% – Official Figures indicate

    URNBanking & Financial ServicesJuly 9, 2020July 9, 2020

    Small-scale traders operating around Ugandan borders have suffered one of the biggest tumbles with coronavirus bringing their operations to near zero, official figures show. The scale of the impact is…

    KCCA Issues Guidelines for Reopening of Arcades

    URNBanking & Financial ServicesJuly 9, 2020July 9, 2020

    Kampala Capital City Authority – KCCA has issued guidelines to arcade owners before the business centres can be reopened. The arcades were among the places closed during the lockdown in…

    Kampala Arcade Traders threaten to hold massive protests over continued lockdown

    URNBanking & Financial ServicesJuly 8, 2020July 8, 2020

    A cross-section of Kampala arcade traders have today vowed to go to the streets and hold massive protests over continued lockdown, a measure put in place to stem the spread…

    Traders Seek More Funding to Recover from COVID-19 Lockdown Effects

    URNBanking & Financial ServicesJuly 6, 2020July 6, 2020

    Kampala traders have asked the government to make more money accessible to Small Scale Traders through the Uganda Microfinance Support Centre.   Issa Ssekitto, the spokesperson of Kampala City Traders…

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