Updates

Eritrea suspends Ethiopian Airlines Flights, citing luggage theft and price hikes

Ethiopian Airlines has ceased operating any flights into Eritrea’s airspace as of right now after a suspension from the Eritrean authorities. Ethiopian Airlines was accused by the Eritrean Civil Aviation Authority of engaging in “consistent and persistent malicious trading practices” in a statement. The airline was also accused of conducting a “systematic and organised passengers’…

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Museveni sends Two Bills Back to parliament for re-examining.

The Higher Education Students Financing (Amendment) Bill, 2024 and the National Commission for UNESCO (Amendment) Bill, 2024 have been returned to Parliament by President Museveni for further consideration. Museveni claimed in a letter read by the Deputy Speaker, Thomas Tayebwa, during the House meeting yesterday that the National Commission for UNESCO Bill creates a department rather than…

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UDB’s net profit increased by 17%, reaching Shs50 billion in 2023.

The national development finance institution of Uganda, Uganda Development Bank Ltd. (UDB), which was named the Best Bank in East Africa 2024, has released its 2023 annual performance report, emphasizing its ongoing contribution to the promotion of sustainable growth and resilience in several important economic sectors. The Bank’s post-tax (net) profit in 2023 was UGX…

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Museveni launches Lake Victoria logistics to cut fuel costs

President Yoweri Museveni  yesterday officially opened the Lake Victoria Logistics complex in Kawuku Bwerenga. This project involves employing oil tanker ships to carry and store oil from the port of Kisumu to Entebbe. Museveni says it would be extremely beneficial for the nation to no longer import petroleum only via road transportation Museveni noted that there…

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Fuel dealers anticipate improvements with Uganda’s switch to direct importation of fuel

Fuel merchants in Uganda believe that the role of Uganda National Oil Company’s (UNOC) as the exclusive fuel importer will result to improved pump prices. During a media engagement, VIVO Energy Uganda’s Supplies and Distribution Manager, Geoffrey Elyanu, stated that there company is prepared to carry on with business as usual under the new importation…

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Uganda Airlines to Introduce Routes to Three African Cities in September

The national airline, Uganda Airlines, declared here on Wednesday that it will begin service to the capital cities of Zambia, Zimbabwe, and Nigeria in September 2024. The chief executive officer of Uganda Airlines, Jenifer Bamuturaki, stated that the additional flights will improve Uganda’s connectivity to the rest of Africa during the airline’s inauguration ceremony on…

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