By Godfrey Kenneth Gobba Wealth and financial freedom are acquired by owning assets that not only appreciate in value, but also generate a dependable income stream. These could be both physical and financial assets but the most important asset in the wealth creation process, is the business asset. A business
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At a gathering of senior policymakers and developments experts hosted by UK’s leading foreign policy institute recently, the Chairman of Heirs Holdings and one of Africa’s richest men, Tony Elumelu, spoke on a panel alongside United Kingdom Minister of State, Department for International Development (DFID), Rory Stewart, OBE, where he
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Regional supermarket giant, Nakumatt will soon become history in Uganda, a development that will leave many jobless and adversely affect the economy at large. An inside source, who preferred anonymity, confirmed to Business Focus that Nakumatt is in advanced stages of ending operations in Uganda due to unprecedented debts. “The
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The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made
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Even the most tech savvy among us have a hard time wrapping their heads around Bitcoin. It's a hot topic and a frequent point of discussion among investors, entrepreneurs and stock traders, so you should want to know all about it. For starters, here's an overly simplified explanation of Bitcoin:
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Not everyone is meant to be an entrepreneur. But for those who are, trying while you’re young is ideal. Your opportunity cost is lowest! Many people I know say, “Well, I’ll work two years in banking or consulting and then look at entrepreneurship.” The reality is, soon they’re getting married
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Ethiopian Airlines is in talks to take over management of Nigeria's troubled Arik Air. Nigeria’s government took over Arik Air early this year after it declared heavy losses. Ethiopian Airlines’ head for international services, Esayas Woldemariam, told the Associated Press news agency that the negotiations follow a request by Nigeria’s
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The market for mushrooms is yet to be fully exploited in Uganda. A few farmers who have mastered the art of growing the nutritious delicacy are making a killing from it. Laura Kahuga, a civil servant working with the Ministry of Finance as a Foreign Service Officer is one of
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By Godfrey Kenneth Gobba If you have failed miserably at something every time you’ve tried it, then perhaps you ought to try trading forex. The business of forex trading is one of those rare endeavors where doing less is ironically one of the main keys to success. Here are what
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Somalia, a failed state in East Africa, has an extremely hostile political and business environment. But its people, the Somalis, are some of the most entrepreneurial people in Africa. Meet five low-key, ultra-wealthy Somali entrepreneurs who founded, own and run businesses with proven annual revenues of eight figures or more
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