Browsing: Business

ERA Boss Eng. Waako On Why Industrial Consumers Pay Lower Power Tariffs Than Other Consumers

Although the Electricity Regulation Authority (ERA) acknowledges all power consumers, the demand for electricity by manufacturers remains 70%, that of other categories of consumers stands at 30%, yet the disparity in the tariffs remains a contentious issue, especially among consumers. Under Sections 10 and 75 of the Electricity Act 1999 as Amended, ERA approves the…

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Kenya Airways Sees Pan Africanism As Solution To Aviation Challenges

Kenya Airways is advocating for a more Pan African approach to the business which requires more partnerships and collaboration among African airlines because the national carriers stand to benefit more from cooperation rather than competition. Julius Thairu, the airline’s Chief Commercial and Customer Officer said in a media release shared with The Independent on Nov.22,…

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Meet Rajiv Ruparelia; One of The Youngest Richest Ugandans Who Will Inspire You To Work Hard

Just like his billionaire father Dr. Sudhir Ruparelia, Rajiv Ruparelia was born in Uganda on January, 2nd, 1990. He is a graduate of Financial Management from Regents College London. Rajiv manages several family businesses. He is currently serving as the Managing Director of the Ruparelia Group and he is responsible for developing sound business strategies…

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“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans

Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…

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Uganda Coffee Exports Generates Record US$876.4 Million

Uganda’s coffee exports generated a record US$876.4million in revenues for the just concluded 2021/2022 coffee year that ended on September.30. This represents a 39% increase in revenues compared to the previous year despite a decline in export volumes. Latest statistics from the state-owned Uganda Coffee Development Authority (UCDA) shows that the East African nation exported…

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Countering Climatic Change: How ERA’s Lower Power Tariffs Reduce Use Of Firewood, Charcoal

In a bid to counter the adverse impact of climatic change in Uganda, power regulator Electricity Regulatory Authority (ERA) in December 2021 introduced a Cooking Tariff known as Declining Block Tariff, which would enable domestic consumers connected on the national power grid to use electricity for cooking, instead of charcoal and firewood. The main objective…

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OP-ED: Ugandans Survived The COVID-19 Lockdown But Might Not Live Through The Current Financial One

It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement by public means was prohibited. Trading in crowded places was…

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Inside The Supreme Court Decree That Directs Helpless BoU To Pay Costs To Sudhir, Meera Over Bogus Crane Bank Case

Last Month, the Supreme Court of Uganda issued an official decree directing Bank of Uganda to pay costs to businessman Sudhir Ruparelia and his Meera Investments Ltd following its February 11th 2022 landmark ruling in the Crane Bank case. In the 1st July, 2022 order, the Supreme Court also told Bank of Uganda to return…

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OP-ED: Those Playing Double Standards In Ham Vs Buganda Case Are Costing Our Kingdom Goodwill

By David Serumaga Kampala: Land disputes in Uganda are escalating every day and are causing a negative impact on our society and the people. One of the major factors fueling these land wrangles are the land professionals in central government and cultural leadership who use their offices to cause confusion in land matters. On 16th…

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