After buying Warid, VG Somasekhar returns to finish Airtel job

After buying Warid, VG Somasekhar returns to finish Airtel job

Astute business leader Mr. VG Somasekhar is returning to Kampala as Airtel Uganda Managing Director, the country’s second biggest telecom service provider has announced. Mr. Somasekhar is widely remembered for leading Airtel from December 2010 to February 2014, during which period he oversaw the Airtel-Warid merger – the first telecom merger in Uganda and the […]

mVisa gives Ugandan traders free mobile money alternative

mVisa gives Ugandan traders free mobile money alternative

Since introduction of mobile money in Uganda by Bank of Uganda (BoU) in 2009, there has been financial inclusion with millions of people acquiring mobile money accounts. Today, transactions this year hit Shs44 trillion and like in the neighbouring Kenya, mobile money is playing a key role in Uganda’s economy in terms of financial inclusion and […]

Roofings’ Oliver Lalani Leads New Generation of Brainpower at Chamber of Mines and Petroleum

Roofings’ Oliver Lalani Leads New Generation of Brainpower  at Chamber of Mines and Petroleum

The Uganda Chamber of Mines and Petroleum (UCMP) has reelected Hon Dr Elly Karuhanga for a new 2-year term as Chairman, following a June 30, 2017 annual general meeting (AGM). But the appointment of Uganda’s emerging force in business – Oliver Lalani from Roofings Group on the state body’s nine-man council Advisory Committee has stood out. […]

URA takes over East & Central Africa customs leadership

URA takes over East & Central Africa customs leadership

Uganda Revenue Authority has climbed the ladder in the World Customs Organisation (WCO) hierarchy. Commissioner General URA Doris Akol’s Customs team leader, Mr. Dicksons Kateshumbwa on Monday received instruments of power from his South African counterpart, SA Revenue Services Chief Officer Customs & Excise, Jed Michaletos as the World Customs Organization East and South African […]

NSSF winning money battle, Pensions Bill to be kicked out of Parliament

NSSF winning money battle, Pensions Bill to be kicked out of Parliament

The Retirement Benefits Sector Liberalization Bill, 2011 that has been trying to dissolve the National Social Security Fund (NSSF) monopoly and government’s public pension scheme will be withdrawn from Parliament following pressure from President Museveni and enraged stakeholders on Monday. The bill that has been talk of every national Labour Day celebrations has been tabled […]

Mutebile, Muhakanizi on the spot over missing Shs340 billion meant for poor Ugandans’ drugs

Mutebile, Muhakanizi on the spot over missing Shs340 billion meant for poor Ugandans’ drugs

Two of the most prominent Banyakigezi – Bank of Uganda Governor Tumusiime Mutebile, secretary to the Treasury Keith Muhakanizi and other top officials in the Finance hierarchy are set to answer questions over how Shs340 billion of Shs720b ($200m) loan meant for medicines and rural electrification was used. They are going to be quizzed by […]

World Bank forgives Uganda after corruption reduces, to hold Open Day

World Bank forgives Uganda after corruption reduces, to hold Open Day

The World Bank has lifted the suspension of new lending to Uganda after about 10 months. In August 2016, the Bank suspended lending to Uganda due to numerous reasons including failure to kick start projects in time, poor absorptive capacity, corruption, mismanagement of projects, inability to do feasibility, social and environmental studies as well as […]

Telecom giant could lose billions over switching off Africell calls

Telecom giant could lose billions over switching off Africell calls

MTN Uganda, MTN Group’s subsidiary here has reportedly been warned over unfair practices against other players, with a massive fine likely. An insider at the industry regulator, Uganda Communications Commission said the government body is pressing ahead with an unprecedented plan to fine MTN Uganda after last Tuesday’s unfortunate incident where MTN Uganda switched off Africell […]

UTL CEO Shoebridge fired by Uganda gov’t

UTL CEO Shoebridge fired by Uganda gov’t

Uganda Telecom Managing Director Mark Shoebridge and Corporation Secretary David Nambale have reportedly been fired over exorbitantly high salaries and refused to take pay cuts. Mr Shoebridge was receiving Shs.150m per month as gross pay while Nambale was earning about Shs 90 million as gross monthly pay, amounts that Uganda’s Finance ministry is not ready […]

Sudhir to refund Shs200 billion after Crane Bank woes

Sudhir to refund Shs200 billion after Crane Bank woes

Former Crane Bank owner and city businessman Sudhir Ruparelia should not be arrested and arraigned before court over the money that was lost before Bank of Uganda wrestled the bank from him. According to media reports on Tuesday, that is one of the recommendations of the central bank’s forensic audit report into Crane Bank. Crane […]

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