Uganda Airlines has suspended its flights to Democratic Republic of Congo capital city, Kinshasa, after violent riots and attacks on several foreign embassies today. The Airline said in a statement that the suspension has become necessary as a result of the ongoing unrest in the DRC, including the capital Kinshasa. Before the suspension, the Airline’s Bombadier CRJ-900 had a frequency of four flights per week between Tuesday and Saturday. “Flights will remain suspended until the situation warrants normal operations,” the statement said. No official statement has been issued so far from the Embassy of Uganda in DRC. On Sunday, M23 rebels…
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Uganda High Commission, New Delhi in partnership with the Ministry of Foreign Affairs, Ministry of Tourism Wildlife and Antiquities, Uganda Airlines, Uganda Tourism Board (UTB) and Uganda Wildlife Authority(UWA) is set to participate in the prestigious Outbound Travel Market (OTM), the leading Travel, Trade Show in India scheduled to take place from 30th January to 1st February 2025 at JIO World Convention Center, Bombay. The Indian travel market is at its inflection point and ranks among the world’s fastest-growing markets. According to an Expedia report, by 2025, 13.9 million leisure departures will be recorded from the metropolitan city. Business travel accounts for…
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The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending June, 2024. UETCL was closely followed by Uganda Electricity Generation Company (UEGCL) at 54.2 billion and Uganda Civil Aviation Authority at UGX 32 billion. The three top public corporations raked in a combined UGX 168 billion in annual profits outperforming other 17 sister corporations and state enterprises, according to details from the latest Auditor General’s report. However, UETCL’s profitability decreased by 13 percent from UGX 94 billion in…
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Uganda Airlines’ expansion plan to dominate the aviation industry has been met with financial hurdles after a new Auditor General’s report unearthed the Airlines’ performance for the Financial Year 2023/24 showing a net loss of UGX 238 billion, which is a 26 percent% drop from the UGX 325 billion loss incurred in 2023. The sustained losses according to the Auditor General threatens financial sustainability and shareholder value for the airline. The national carrier also disclosed contingent liabilities of UGX.12 billion (USD 3.15 million), primarily relating to pending court cases which is likely to expose the company to significant legal costs,…
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Winners of the 8th edition of the ACCA, Deloitte Uganda CFO Awards Uganda’s premier platform for recognizing excellence in financial leadership is back with its 8th edition of the ACCA and Deloitte Uganda Chief Financial Officer (CFO) Awards. This prestigious event focuses on celebrating outstanding financial leaders who have made significant contributions to their organizations and the economy. Charlotte Kukunda, Country Manager ACCA Uganda noted that the 8th edition of the CFO Awards is a celebration of success and growth because it has attained its objective of raising the profile of the CFO role and functions and continues to highlight…
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After 18 months as the Chief Financial Officer of Uganda Airlines, Andrew Ssekamwa has left the national carrier and joined Movit Products as a Chief Commercial Officer responsible for the Tanzania, Western DRC and Zambia markets. The transition happened effective 1st September 2024, according to an industry update from CFO East Africa. This will be his second stint at Movit having previously worked for the company as a business development manager and head of finance. Andrew has also worked in the banking sector in finance roles at Standard Chartered and as CFO of I&M Bank of Uganda. Asked about the…
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Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
The Uganda Civil Aviation Authority (CAA) Director General, Fred Bamwesigye has oultined his priorities for a new second term where he intends to complete, “many unfinished and new tasks in the Aviation regulatory environment.” Mr Bamwesigye whose reappointment was approved by the CAA Board last week, shared some of the key priorities on his X social handle expounded on the tremendous growth of civil aviation in Uganda over the past few years, especially with the coming on board of Uganda Airlines, and the regulatory terrain which requires capacity building of staff. Top on the list of the Director General’s priorities…
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New details have emerged indicating the Airbus A320 aircraft recently leased to Uganda Airlines by South Africa’s Global Aviation company, is the world’s second oldest active Airbus in the aviation space. On May 9th, Uganda Airlines announced the addition of the aircraft to its expanded fleet, which is a 160-seater, with a two-class cabin featuring 12 business class and 148 economy seats on a wet lease arrangement for 6 months from Global Airways to augment its operations. According to the International Air Transport Association (IATA), a wet lease arrangement is under which an aircraft is usually leased on Aircraft, Crew,…
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Uganda Airlines Airbus A330, yesterday, 7th October made a touchdown at Mumbai’s Chhatrapati Shivaji Maharaj International Airport on a maiden direct flight from its Entebbe International Airport Homebase. This is the first time in more than 50 years that India and Uganda will be connected by a non-stop air service. The route is Uganda Airlines’ second service outside the African continent and the 12th across its network and joins a rapidly expanding network that offers travellers convenient connections to South, West, Central and Eastern Africa. “The direct service will last approximately five and a half hours, bringing unmatched convenience to…
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