1. Home
  2. Business/Trade

Category: Business/Trade

Shoprite Kenya To Lay Off Staff As COVID 19 Hurts Sales

Shoprite Kenya To Lay Off Staff As COVID 19 Hurts Sales

BY OUR CORRESPONDENT NAIROBI, Kenya|SHIFTMEDIA| As COVID 19 continues to bite hitting global trade badly, Africa’s largest supermarket chain Shoprite Holdings is set to lay off 115 workers and close its second branch in Kenya…

Read More
Police Quells Riots Among Arcade Tenants, Six Arrested

Police Quells Riots Among Arcade Tenants, Six Arrested

BY GAITANO EZRA KAMPALA, Uganda|SHIFTMEDIA| Police in Kampala is holding six people who are suspected to have been part of the group that stonned the police as it patrolled downtown Kampala. Police has named John…

Read More
Rwanda, Kenya Resume Commercial Flights On August 1

Rwanda, Kenya Resume Commercial Flights On August 1

BY OUR REPORTER KIGALI, Rwanda|SHIFTMEDIA| Rwanda has announced that it is resuming commercial flights on August 1, 2020 (Saturday). Kenya also announced the resumption of flights this Saturday, August 1. Following the reopening of domestic…

Read More
US Halts Trade Talks With Kenya Over Corona scare

US Halts Trade Talks With Kenya Over Corona scare

NAIROBI, Kenya|SHIFTMEDIA| The surge of Covid-19 cases in Kenya has forced the Trump-led US administration to halt the ongoing trade talks. President Donald Trump and Kenyan President Uhuru Kenyatta in February announced plans to negotiate…

Read More
Uganda’s Tourism Opens Its Doors After 120 Days Of Shutdown

Uganda’s Tourism Opens Its Doors After 120 Days Of Shutdown

BY ROBERT KAMUKAMA KASESE, Uganda |SHIFTMEDIA| Government has opened all tourism sector in the country after four months of lockdown due to the COVID 19 pandemic.  Minister of Tourism, Wildlife and Antiquities Col. (Rtd) Tom…

Read More
New SOPs To Address COVID-19 Released By Crane Management Services

New SOPs To Address COVID-19 Released By Crane Management Services

BY MARIA ELIZABETH KAMPALA, Uganda|SHIFTMEDIA NEWS| As the months continue to trickle down with no seen hopes of arcades being opened, arcade owners such as Crane Management Services have issued Standard Operating Procedures (SOPs) to…

Read More
Joint Medical Stores Taps On StanChart Bank’s US$1 Billion COVID-19 Loan

Joint Medical Stores Taps On StanChart Bank’s US$1 Billion COVID-19 Loan

KAMPALA, Uganda|SHIFTMEDIA| Standard Chartered (www.SC.com) announced today that Joint Medical Store, the Ugandan not-for-profit organisation, has become the first client to make a drawdown under the Bank’s US$1 billion financing commitment to help companies tackling Covid-19.…

Read More
African Development Bank Launches Record Breaking $3 billion To “Fight COVID-19” Social Bond

African Development Bank Launches Record Breaking $3 billion To “Fight COVID-19” Social Bond

|SHIFTMEDIA| ABIDJAN, Ivory Coast, March 29, 2020,/ — The African Development Bank (AAA) (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic…

Read More
Invest In Technology To Boost Household Income, Ugandans Urged

Invest In Technology To Boost Household Income, Ugandans Urged

By.NATHAN KIRAGGA Kampala, Uganda| SHIFTMEDIA| UGANDANS have been urged to invest in technological advancement as a measure of increasing their income as well as monitoring service delivery. The call was made by Mr.Maxime Dieudonne, the…

Read More
EXCLUSIVE: “The Cries Of A Frustrated Investor” As USD$8M Is Threatened With Waste

EXCLUSIVE: “The Cries Of A Frustrated Investor” As USD$8M Is Threatened With Waste

BY PATRICK JARAMOGI Bulambuli, Uganda: Before they ventured in massive commercial rice growing, Kingdom Rice trading as FOL Logistics were the largest rice importers in the country, importing over 90,000 metric tonnes of paddy rice…

Read More