Author: felix@elixnews.co.ug
Uganda is set to hold first ever Kampala marathon in December. Scheduled for December 2024, the marathon will feature races covering distances of 42.195km, 21.097km, 10km, and 5km, welcoming both elite and recreational local and international runners. According to State Minister for Sports Peter Ogwang the Ministry envisions participation of over 65,000 individuals in the marathon over the next decade. The marathon’s events will serve as platforms to showcase Uganda’s natural beauty and cultural diversity, providing opportunities for the local business community to exhibit their products and services globally. In addition to entertainment and…
Despite meeting the President to scrap off Uganda Revenue Authority EFRIS as stambling block to business, President Yoweri Museveni has maintained EFRIS Thousands of traders shut their shops in Kampala to attend special meeting with President Museveni at Kololo Independence Ground with hope of EFRIS scraping unfortunately walked home desperate. President Museveni agreed to delve deeper into the issues surrounding the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) The announcement marked the end, for now, of protests that erupted in opposition to the Uganda Revenue Authority’s (URA) push towards digital tax administration, aimed at enhancing tax collection. URA officials…
After United Kingdom imposing travel sanctions to Speaker of Parliament, Anita Among, United Arabs Emirates(Dubai) has followed suite. Central Bank of UAE has issued warning to all financial institutions in the Middle East country to thwart any transactions coming from Among, Nandutu or Kitutu. The trio was sanctioned and their assets ordered frozen in the United Kingdom just a week ago and now the UAE says red flags should be issued with immigration should any of the three travel through the country. The UAE central bank also directed that properties of the trio, if any, should be frozen until…
3rd Deputy Prime Minister Rukia Nakadama has applauded Huawei Technologies for digitalising Uganda based enterprises. Officiating at Huawei Cloud Enterprise Innovation and SME Summit in Kampala where over 100 industry startups, fintech’s, venture capitals, government organizations and key strategic partners gathered to share ideas on startup innovation, ecosystem collaboration and digital transformation, Nakadama Huawei Technologies assured Huawei that the Government of Uganda through Ministry of ICT and National Guidance is committed to the agenda of digitalization. “This initiative emphasizes the role of digital transformation in creation of jobs, stimulating innovation and boosting economic growth particularly for SMEs and these…
Ministry of Public Service has declared Friday, May 10th, 2024, a public holiday to enable citizens to fully participate in the sixth National Housing and Population Census exercise. Uganda Bureau of Statistics(UBOS) Chairperson Dr Albert Byamugisha said this in his address to the Media at Police headquarters in Naguru, Kampala during weekly media briefing. “The public is encouraged to stay at home during the census period and cooperate with enumerators to ensure accurate and comprehensive data collection,” Dr Byamugisha said. The Ubos chairperson emphasized the importance of every individual being counted saying; “It’s important that everyone is counted.” He…
Housing Finance Bank has announced a profit after tax of Ushs 65.1 billion for the financial year ended December 31, 2023. The Bank attributed the 11.3% year-on-year growth in net profits to digital transformation and revenue diversification efforts. In the period under review, Housing Finance Bank also demonstrated significant growth in other key parameters, with total assets growing by 32.1% to Ushs 2.14 trillion, customer deposits increasing by 44% to Ushs 1.611 trillion, loans and advances rising by 28% to Ushs 996 billion and core capital over and above Bank of Uganda’s minimum capital requirements at Ushs 273.8 billion.…
By Felix Oketcho In abid to address escalating climate change vagaries of weather, Agricultural Business Initiative (aBi) has launched two groundbreaking programs aimed at supporting small-holder farmers and combating the climate crisis. The Green Agrifood System Programme (GRASP) and Accelerating Adoption of Green and Inclusive Finance (AAGIF) were unveiled at Speke Resort Munyonyo in Kampala. According to ABI officials over 200,000 farmers will directly benefit from aBi’s resilience and smart agricultural programs as the effects of climate change continue to intensify. The five-year program will focus on building capacity for farmers and agribusinesses to…
By Michael Jjingo “When something is important enough, you do it even if the odds are not in your favor.” Elon Musk. Starting, Building and running a successful business is hard work and if you’re starting a business for the first time, you should be prepared to work harder than ever before. Commitment and determination to win are vital commodities in the race to create a successful business. If you have these, and a great idea, you will be at table. If you command respect and can negotiate well, then you are at table. If not, you will be…
Catholics and other believers across the country have been urged to participate in the forth coming National and Housing population Census 2024. Kampala Archbishop Dr Paul Ssemwogerere while meeting officials from Uganda Bureau of Statistics in Kampala said census data information will help in planning purposes and service provision. “I wish to thank Uganda Bureau of Statistics and government for enabling this very important exercise to progress. Iam aware that the national population and housing census provides fundamental statistical data and information which is necessary for planning our population. The information is not only important for government but also…
Uganda’s Prime Minister Hon. Robinah Nabbanja has urged people of Kakumiro District to embrace technology driven projects like Huawei Technologies Uganda to improve services. Officiating at Huewei Technologies Uganda project launch, She thanked the management of Huawei Uganda for bringing such initiatives to the people of Kakumiro and Uganda at large. “ICT is the way to go. The whole world is moving digital and Kakumiro can not be left behind. Uganda is also equally moving forward.” said the Prime Minister. She encouraged learners who have been trained so far to use the knowledge to contribute to the development of…