COVID-19 Impact on Private Sector Archives

The accused executives and directors of Myriad Investments (clockwise from top): Kenneth Kitungulu, Executive and Head, Global Markets; Maureen Kembabazi Katwebaze, Head,Retail & Digital Sales,Global Markets; Daisy Nitwe, Corporate - Treasury Sales Dealer, Emmanuel Rukeeba, Head Products and Analytics; Allan Muhinda - Interest Rates Dealer and Thaib Lubega, Treasury Manager, Uganda Development Bank.

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

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 the cheap.

September 26, 2020

The Big Story

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

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 a company.

September 25, 2020

Company News

Dr-Sudhir Ruparelia (left) and Rajiv Ruparelia the Ruparelia Group Chairman and Managing Director respectively at a recent Victoria University function. The University is a Ruparelia Group educational institution. Dr. Sudhir has urged the public and the business community, employers, school owners, employers, etc., to fully cooperate with government by enforcing all the SOPs at their premises. ahead of the delivery of a vaccine in Q2 2021

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

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 remains the

September 22, 2020

The Big Story

LEBRA Executive members address the media early today in Kampala.

Entertainment Industry asks Government to allow them open Under Strict Guidelines

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 with strict

September 22, 2020

Company News

GEMS Cambridge International School, Kampala. The school opened in Uganda in 2013

COVID-19: GEMS Cambridge International School closes

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 they can

August 25, 2020

The Big Story

Umeme Limited Board Chairman Patrick Bitature appreciated staff and contractors who are still delivering services even during these hard times

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

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 to UGX232

August 18, 2020

Banking & Financial Services·Company News

Women form a bigger population of those in cross-border informal trade. The trade for Uganda has fallen to near zero. Courtesy Photo

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

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 shown in

July 9, 2020

Banking & Financial Services

Betty Amongi, Minister for Kampala and Metropolitan Affairs

KCCA Issues Guidelines for Reopening of Arcades

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 March as

July 9, 2020

Banking & Financial Services

Arcade traders are joined by Dr Stella Nyanzi to protest the continued lockdown. Courtesy photo

Kampala Arcade Traders threaten to hold massive protests over continued lockdown

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 of Coronavirus.

July 8, 2020

Banking & Financial Services

Issa Ssekitto, the spokesperson of Kampala City Traders Association-KACITA

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

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 Association-KACITA, an

July 6, 2020

Banking & Financial Services

COVID-19 Impact on Private Sector- Page 2