Category «Business»

Keith Muhakanizi – Incompetent accounting officers to be sacked 

By Ssebuliba Samuel. The ministry of finance and the public service commission have agreed to sack any accounting officer who will be implicated in abused public funds and incompetence. This was disclosed by the secretary to treasury Keith Muhakanizi while appearing before the local government Accounts committee chaired by Aswa county mp Regan Okumu Muhakanizi said that he talked to the chairperson of the public service commission and resolved that any accounting officer implicated in poor performance and mismanagement of public funds, will be held liable and dismissed with disgrace

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 Civil Aviation Authority has invited the public to attend and anyone with reasonable ground to object to granting or renewal of an air service license to declare it. Uganda Airline has already indicated it will operate Bombardier CRJ900 and A330-800neo aircraft. The Bombardier jets are manufactured by Canadian Bombardier Aerospace and the A330s by French Airbus. On Wednesday, a Memorandum of understanding was signed between …

Clashes between S.Sudan refugees & Madi push traders out of Adjumani

By Ivan Ssenabulya. Traders operating around Ayiro Camp One in Adjuman district have started vacating, following the continued clashes between South Sudan refugees and the Madi local community. Residents confronted refugees in the camp over the alleged murder of a 14 year old girl. Fighting continued in the night, where police fired tear gas to calm the situation. Traders sayshops and other businesses belonging to South Sudanese have been destroyed. West Nile regional police spokesperson Josephine Angutia has told KFM that, police with help of the army is deployed. However police has fears that the situation calms during day but fighting resume at night.

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. Airbus says the airliner features new wings new Rolls-Royce’s latest-generation Trent 7000 engines, new systems and a new Airspace cabin interior. In a press statement, Bagenda says this agreement demonstrates our ambition for economic growth supported by a robust aviation industry. He adds that the aircraft will feature a three-class cabin layout comprising 20 Business, 28 Premium Economy and 213 Economy seats. “The A330-800neo combines …

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 this is far from being achieved due to a number of infrastructural, logistical and policy hurdles. He says that non-realization of this revenue means that some priority programs cannot be executed hence affecting the final targets. Birungi also cites the increasing population as another factor asserting that despite an increase in Gross Domestic Product figures, GDP per capita has not grown that much due to …