Category «Business»

CAA to vet Uganda Airlines on Monday

By Fredric Musisi After making an order for aircraft, the Uganda National Airlines company is now set to be vetted by the Civil Aviation Authority (CAA). The company officials will appear before the aviation body on Monday next week to prove its capacity to run an airline and defend its application for a license. The …

Uganda Airlines orders two A330neo

Uganda’s dream of reviving a national carrier are getting closure to actualization. This is after Uganda Airlines, signed a Memorandum of Understanding for two A330-800neo, the new version of the best-selling A330 widebody airliner. The agreement was announced at Farnborough airshow by Ephraim Bagenda, CEO of Uganda Airlines and Eric Schulz, Airbus Chief Commercial Officer. …

Delayed oil revenues stifle middle income targets

By Damali Mukhaye The delayed realization of oil and gas revenues has been cited as a major factor that is likely to hinder Uganda’s attainment of the 2020 development targets. Patrick Birungi, the Director Development Planning at the National Planning Authority says it was anticipated that commercial oil exploitation would commence by the Financial Year 2018/19 but …