Company in Uganda
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BOTSWANA, 2017/07/16
A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
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UGANDA, 2014/10/06
Uganda remains a target for international hotel groups with Rezidor’s Radisson Blu brand the new to announce a planned entry into the country. Data received from the recently ended Africa Hotel Investment Forum in Addis Ababa indicates that the company will be teaming up with a local partner to build and again manage a 200 bedroom hotel in the centre of Kampala.
However, some of the hotel projects announced before are from presently on to take off, such as the notoriously long delayed so called Hilton Kampala, which was launched in 2006 and was to be ready for the Commonwealth Summit in 2007. While the building which towers over the Nakasero part of Kampala seems presently seems relatively complete on the outside, has other work only advanced at snail’s pace, leaving Kampaleans to wonder just how much longer it will take to open its doors, as a Hilton or under an extra brand. Equally has the site of former Kingdom Hotels, which was to become an InterContinental Hotel, not advanced beyond the concrete structure, with months gone by and not one worker seen on site.
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UGANDA, 2014/10/05
The airline massacre unleashed by the Uganda Civil Aviation Authority’s action of 17th of June this year, at the same time as in an act of unparalleled magnitude all international flights by Ugandan registered airlines were grounded to avoid being cited, named and shamed by ICAO over significant safety concerns and the apparent failure to address audit shortcomings from previous inspections by the world aviation regulatory body, has over the completed 100 days cost the country dearly.
Not only did travelers have to fork out at times twice the all of money to get to their final destination, but had to suffer lost time too as transit through other regional hubs was the only way to get to such places like Juba, Bujumbura, Mogadishu, Dar es Salaam, Kilimanjaro and Mombasa.
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UNITED KINGDOM, 2014/02/13
British Airways Uganda and the Corporate League, a football league for Ugandan teams, have joined hands to raise funds for local charities through a season opening mini tournament which according to a media release just received will become an annual event.
The Kyandondo Rugby Club will be the venue on the 23rd of February for the initial such event, and proceeds have been committed to a number of charitable causes in line with the BA / Comic Relief partnership ‘Flying Start’.
Each participating team will bring a million Uganda Shillings to the fund, and several have by presently committed to play in the tournament, inclunding Civicon, G4S, AAR, DFCU Bank and SSL Logistics, giving the fundraiser a 5 million shillings headstart.
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KENYA, 2013/04/09
Guaranty Trust Bank Plc (GUARANTY), Nigeria’s major lender by market price, will open units in Kenya, Tanzania and Uganda as it seeks to expand in East Africa, Chief Executive Officer Segun Agbaje said. The bank will “acquire lenders that are not that large, but profitable in those nations in the short term,” he said in a conference call from Lagos, the commercial capital.
