Fuel giants Vivo Energy Uganda gets new Managing Director

Fuel giants Vivo Energy Uganda gets new Managing Director

As the new Financial Year begins, the management and board of Vivo Energy Uganda has appointed Mr Gilbert Assi as its new managing director. The energetics engineer from the National Polytechnic Institute Felix Houphouet-Boigny in Côte d’Ivoire replaces Mr Hans Paulsen who has led the distributor and marketer of Shell-branded fuels and lubricants, for the last […]

Global Aeronautical convention coming to Kampala this month

Global Aeronautical convention coming to Kampala this month

After a stellar conference in Rio de Janeiro, Brazil last year, Uganda will become the first African country to host the Global Aeronautical Information Management Association Conference, this month. The two-day event dubbed “Global AIM KAMPALA 2017” will take place at the Serena Hotel Kampala from 23rd to 25th and bring together the aviation industry’s […]

Uganda asking for massive $2.3 billion loan from China

Uganda asking for massive $2.3 billion loan from China

The government of Uganda is  negotiating a $2.3 billion loan – a sum that represents a big portion of its national output – to be used to fund an initial 273 km stretch of rail line to connect neighbouring Kenya. Uganda has taken a hammering from weak economy, depreciating shilling, slow recovery of war torn South Sudan and high […]

Museveni borrows Shs 545 billion to build toll road going to Rwanda

Museveni borrows Shs 545 billion to build toll road going to Rwanda

Talk has been whopping $476 million Kampala-Entebbe Expressway being the most expensive road in the world but Thursday’s signing of a $151 million (Ushs 545,110,000,000) 40-year from the African Development Bank (AfDB) is also raising debate among Ugandans. The enormous debt on the taxpayer is set to be used to partly expand a major road […]