Business

By Admin Following the better economic performances, the central bank has decided to maintain the central bank rate at 10%. While announcing the maintenance today in Kampala, the central bank governor, Emmanuel Tumusiime Mutebire attributes the maintenance to improved inflation forecast as per October 2018. The bank also projects that the economic activity is to remain on a steady expansion path in the financial year 2018/19 and over coming years as well as the strong…

By Damba Rogers In a bid to keep their clients on track of where their cargo is, SPEDAG INTERFREIGHT has launched a new cargo tracking devise dubbed, Peri Spoor. The SPEDAG interfreight regional CEO, Dilip Bhandari says, the real time tracking solution is to benefit more than 500 interested stake holders, with the innovation going to allow free and convenient cargo tracking along the sea, rail and road. The innovation is operational in East Africa…

By Admin MTN Uganda the first telecom company in Uganda and in the MTN Group to grant access to third-parties to its Mobile Money Access Programming Interface (API). An Open API platform enables developers and programmers to get free access to MTN mobile money proprietary software platform. MTN Mobile Money is the most widely used mobile money platform in Uganda. Developers can now access it, create products that ease payment options and leverage the 10M…

By. Damba Rogers The institute for social transformation is in the final stages of coming up with a new marketing App for women vending fruits, food, and vegetables in markets around the country. According to the executive director, Institute for social transformation, Rita Atukwasa, women in markets have been cheated by middlemen for long, By middlemen buying goods from them at a very cheaper price and selling them off to the final consumer at very…

By. Damba Rogers With 1.2 million Ugandans traveling out of the country annually, only 50,000 of them travel while insured and the biggest number travel with no insurance which puts their lives and property at risk. Now to make life easy for Ugandans, UAP has launched an online travel insurance packed dubbed, Ekibbo. This new insurance product comes with unique features, as it can be accessed online to curb on personal interface as a means…

MTN Uganda (www.MTN.co.ug) in partnership with Mastercard (www.Mastercard.com) and United Bank for Africa (UBA) (www.UBAGroup.com) have announced a new service that will enable quicker, safer and more convenient online payments globally. Through this partnership, MTN MoMo customers will use a virtual card to shop or make payments at the vast network of global outlets accepting Mastercard payments. The launch of the virtual card that is known as MTN MoMocard will ensure MTN’s ability to provide…

Hon Irene Muloni, the Minister of Energy and Mineral Development, in the Republic of Uganda will lead a delegation of private and public-sector players from Uganda’s oil and gas sector to the Africa Oil Week 2018 (http://www.Africa-OilWeek.com), which will be held between 5 – 9 November, 2018 in Cape Town, South Africa. Hon Muloni said, “Uganda is open for business and we will be looking forward to promoting the country`s highly progressive and lucrative hydrocarbon…

MTN CEO Vanhelleputte Says Ugandans Overwhelmingly Embraced Electronic Airtime By Adiga Julius The Chief Executive Officer of MTN Uganda Wim Vanhelleputte, has said majority of Ugandans have overwhelmingly embraced electronic airtime following the phasing off of scratch cards. Uganda Communications Commission (UCC) had set 31st July as the deadline for using airtime scratch cards. However in a meeting at Parliaments conference hall involving the Speaker Rebecca Kadaga, Members of Parliament, Telecom giants and the Ministry…