Securing coveted landing and departure slots at London Heathrow Airport marks a major milestone for Uganda Airlines. This achievement follows the acquisition of two Airbus A330-800 Neo aircraft in 2020 and 2021, specifically to service this route. While the wait for the inaugural flight continues, it's attributed to finalizing certification processes with the UKCAA and EASA.
The car import business in Uganda is a multi-million dollar industry. In recent years, the revenue generated from taxes and duties on imported vehicles has consistently bolstered the national budget. The Uganda Revenue Authority (URA) collects substantial fees through import duties, value-added tax (VAT), and registration fees.
In the next few years, not the 2040 vision, we shall catapult the economy to the size of $500 billion.
Additionally, SMEs often face stiff competition from larger corporations that have greater resources and economies of scale. These larger companies can afford to offer lower prices, invest in marketing campaigns, and provide a wider range of products and services.
