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Author: Staff

NEW: Credit Relief Measures to Mitigate the Economic Impact of COVID-19- Bank of Uganda .

Staff

KAMPALA, Friday, April 17, 2020 – Bank of Uganda (BoU) in its Monetary Policy Statement of April 06, 2020, made reference to credit relief measures to mitigate the adverse effects of the COVID-19 pandemic, ensuring financial sector stability, and facilitating the financial inter-mediation process during this pandemic period. The credit relief measures contained herein, do not eliminate the debtor’s obligation…

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Global stocks mostly rise as oil prices suffer another blow

Staff

Global stocks mostly rose Tuesday as markets embraced better coronavirus case counts in some hotspots, while oil prices slumped amid skepticism over an historic agreement by petroleum producers. Major US indices gained more than two percent, the latest positive day for stocks since officials in New York and some other hotspots pointed to progress in cutting the number of new…

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Microsoft’s video chat technology is changing how this hospital fights coronavirus

Staff

AGENCIES – You can’t walk into the intensive care units at St. Luke’s University Health Network because of concerns overspreading the novel coronavirus. But if you did, you’d see something new amid the beds, medical equipment and tubes. It’s a device with Microsoft’s Teams software running. Over the past couple months, the hospital network — like so many of us…

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The Primate Lodge story – | By Amos Wekesa |

Staff

Towards the end of 2005, Uganda Wildlife Authority (UWA) called for expression of interest in running two rooms that existed in Kibale National Park and I thought since there was no indigenous Ugandans seriously running an accommodation inside a national park, I would give it a try. I contacted Joseph Muyeti to write a winning proposal as Damian Akakwasa had…

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The top job at Uganda’s CAA! | By Amos Wekesa.

Staff

Last evening some guys were talking about how people were lobbying so hard for Uganda’s Civil Aviation Authority (CAA) top job and my heart sank. CAA is the government agency responsible for licensing, monitoring, and regulating civil aviation matters and if we miss the train this time round, our only airport Entebbe will never see the desired change. We shall…

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Mobile money platforms aid financial inclusion, says report

Staff

At least $ 2 billion was transacted everyday through mobile money platforms globally, a report has noted. The State of the Industry Report on Mobile Money’, is produced by GSMA, an organisation which represents the interests of mobile operators worldwide, uniting more than 750 operators and nearly 400 companies in the broader mobile ecosystem. This year’s report looks at what…

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Market for eggs tumble as hotels and export markets close

Staff

Sellers of eggs in Kampala are stuck with hundreds of trays as the economy shut down due to coronavirus meaning key clients locally and abroad no longer buy. This has seen the price of a tray of eggs fall by at least 2000 shillings to just Uganda shillings 8,000 for the retailer buyers. Those buying in bulk can get a…

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Mbarara Central Market Closed over poor hygiene amidst the Coronavirus Fight

Staff

Muhammed Nyombi, the Mbarara Central Market Chairperson says the toilets are outside which puts lives of those that will sleep in the market at risk of contracting more diseases. Mbarara Central Market has temporally been closed by the District Task Force after the vendors failed to maintain the four-meter distance. The District Task Force led by the Resident District Commissioner…

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