Connect with us
  • MY MONEY

    We Want To Pick Money From Our Shops To Survive: City Traders Plead With M7 To Ease COVID-19 Lockdown…

    Published

    on

    KASITA spokesperson Haji Isa Ssekitto

    City traders have pleaded with president Yoweri Museveni to easy the COVID-19 lockdown so that they can open their shops and pick their money and other valuables they left inside.

    In a chat with theGrapevine, the spokesperson of Kampala City Traders Association (KASITA), Haji Isa Ssekitto revealed that many of their members are going die of stress before COVID-19 kills them.

    “The lockdown caught many of us by surprise and some of our members were not prepared. They left their money in shops and surprisingly when the president declared a nationwide lockdown, they were never given a chance to prepare themselves,” Ssekitto said.

    Ssekitto explained that some of their members want to pick their money from their shops to pay their landlords the months they have been in their buildings and relocate and also pay the landlords where they sleep.

    He insisted that other traders want to start selling their goods online.

    He added that traders fear that their landlords may confiscate their goods like it was in the previous lockdown and charge them rent arears of months they have spent without working.

    However, Kampala Metropolitan police spokesperson Luke Owesigire has warned that as security, they are not going to allow any person to access shops which were closed by the president.

     

    By Sengooba Alirabaki

    Comments

    MY MONEY

    Bobi Wine Blames Government For Failing To Help Fallen Local Investor Sembule…

    Published

    on

    National Unity Platform (NUP) president Robert Kyagulanyi alias Bobi Wine has blamed government for failing to help local businessman Christopher Sembuya when his business empire was collapsing.

    Kyagulanyi, who was one of the many politicians who witnessed Sembuya’s burial at Kikwayi village, Buikwe district begun with giving a brief background about Sembuya who passed away last week.

    Works and Transport minister Gen. Katumba Wamala laying wreath on Sembuya’s casket

    Sembuya understood the dynamic of doing business in Uganda and championed indigenous banking, industrialisation and broadcasting in Uganda.

    Sembuya started Sembule Investment Bank (now Bank of Africa), Pan World Insurance which turned into Lion Assurance and Cable International Television which then turned into WBS Television.

    Some of Sembuya’s family members paying tribute to the fallen investor

    The deceased also co-founded Sembule Group of Companies in 1971 and was proprietor of Sembule Steel Mills which was the first Ugandan founded company to manufacture steel products such as wire mesh and nails.

    According to Kyagulanyi, by 2000, Sembuule was a leading brand name in Industrialization across East Africa.

    Some of the prominent politicians who attended Sembuya’s burial

    Kyagulanyi also noted that when Sembule’s businesses ran into a financial trouble beginning around the 1990s and were eventually put under receivership, government still did not help.

    “It is a pity that until his death 2022, Mzee Ssembuya was still seeking government help of about Shs.18billion to revive his business empire,” the NUP president said.

     

    By Hope Kalamira

    Comments

    Continue Reading

    MY MONEY

    Why Uganda Is Having Escalating Fuel Prices – Energy Ministry Gives Hope…

    Published

    on

    The Ministry of Energy and Mineral Development has revealed why the country is having skyrocketing fuel prices.

    In a statement released today, the ministry disclosed that there was a delay at the Busia and Malaba entry points because truck drivers had to undergo mandatory Covid19 testing yet most sectors of the economy are now fully functioning and people are using alot of fuel.

    “Uganda is a net importer of Petroleum market with an average current daily consumption of 6.5 million litres. Uganda loads its products through the terminals located in Eldoret, Kisumu, Nairobi and Mombasa and supply is majorly through road transport,” the statement reads.

    “Supply was normal with trucks being cleared as usual and drivers were allowed to present negative Covid-19 results from Kenya until 1st January 2022 when a directive was issued requiring all truck drivers to undergo testing at Malaba and Busia entry points. This however resulted in a buildup of a queue of trucks as none were entering the country.” the ministry adds.

    Mr. Solomon Muyita the spokesman of the Ministry of Energy and Mineral Development

    “With the full opening of economic activities, there has been an increase in uptake of Petroleum Products which saw a spike in consumption in the country that affected the 10-day stock levels. The very low replenishment based on the truck delays at the borders resulted in some stock out of Petrol at some outlets,” the statement further reads.

    The ministry assured Ugandans that Oil Marketing Companies have most of their trucks in the traffic between the Kenya loading points and the borders and once cleared in a few days, supply and prices will return to normal.

    The ministry warned speculators who are hoarding petroleum products and leading to unnecessary hike in fuel prices to desist from this bad practice.

    “The price of petrol in the country should not exceed UGX 5,000 per litre. The cases of scarcity in districts such as Hoima will be addressed shortly with the ongoing replenishment,” the statement reads.

     

    By Hope Kalamira

    Comments

    Continue Reading

    MY MONEY

    Huawei ICT Competition Inspiring African Students To Chase Their ICT Passions…

    Published

    on

    Under the theme of “Connection, Glory, Future”, the Huawei ICT Competition is sailing through its 6th year in Sub-Saharan Africa, with 15,000 students from up to 500 top universities and colleges in 17 countries participating, making it the largest ICT skill competition in the region.

    At the current stage, 6 countries have completed the country-level Huawei ICT Competition. Outstanding teams will compete in the Sub-Saharan African finals, which is scheduled to kick off in February, 2022.

    Over the past 5 years, the competition has attracted over 80,000 passionate ICT students, with 21 teams entering the global finals, further incentivizing contestants to excel in this field.

    The 2019-2020 Competition marks a historic milestone for Sub-Saharan Africa. Two teams from Nigeria won the Grand Prize of both the Network Track and Cloud Track, while 3 teams from Kenya, Uganda, and Mauritius were joint first prize winners.

    Globally the Huawei ICT Competition 2021-2022 has covered over 70 countries worldwide, with a total of over 130 teams competing. The global finals are expected to happen in May of 2022.

    To encourage broader participation, the 2021-2022 competition will still be virtual. Besides the traditional Network and Cloud Track, it will also officially introduce an Innovation Track. Contestants will design innovative solutions targeting general well-being, such as environment protection and closing social gaps, by utilising Huawei technologies including Huawei Cloud.

    Last year, the Mazingira Team, from Kenya took part in the invitational competition. They presented a solution called Wildfire PrediTec, to detect, analyse, predict and prevent wildfires, designed on Huawei IOT and AI platforms.

    The Huawei ICT Competition also opens up bigger opportunities to participants. As of today, the competition-related training helped over 350 students receive job offers.

    With a series of talent development campaigns in Sub Saharan Africa, including the ICT competition, Huawei hopes to skill up more than 700,000 ICT professionals by 2023. The aim is to bridge the ICT talent gap, increase academia-industry communication, and advance the digital transformation of industries.

    Comments

    Continue Reading

    like us

    TRENDING