A gilded coffin looted by art thieves in the wake of the Arab Spring and unwittingly purchased by the Metropolitan Museum of Art in New York has been returned to the Egyptian authorities. The sarcophagus dates back to the first century BC and once held the mummy of Nedjemankh, a
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Uganda, fertile and sun-drenched, is harboring dreams of becoming the next cannabis (marijuana) hotshot of the African continent. Foreign capital has been flowing in to launch the new industry. So, much hangs in the balance as the country’s cabinet weighs changes to the criminal code allowing cultivation to proceed. There
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A new study released at the Africa Hotel Investment Forum (AHIF) by food and beverage (F&B) strategy & design firm KEANE, forecasts that 700 new hotel restaurants and bars will be opened in Africa by 2025, in internationally branded hotels. The prediction is based on KEANE’s research into 410 F&B
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The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva (in featured photo) to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging
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The Standards and Utilities Division of the High Court yesterday convicted City Businessman, Drake Francis Lubega (in featured photo), who is also the owner of Jesco Industries Limited, for manufacturing plastic bags commonly known as Kaveera that do not meet standards. Lubega was found guilty on two counts of producing
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Government through the Ministry of Energy and Mineral development has announced plans to increase demand for the generated electricity aimed at creating efficient consumption to spur investments by accelerating access to electricity. Uganda’s power generation capacity increased from 939.24MW in June 2018 to 1,174.69MW as at June 2019. “The installed
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Uganda Revenue Authority (URA) has highlighted the importance of Small and Medium Enterprises (SMEs) in transforming Uganda’s economy. During the official opening of the 2019 Taxpayers Appreciation Week at Kololo Airstrip on Wednesday, Doris Akol, the URA Commissioner General revealed that SMEs have in the past years contributed Shs9 trillion
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The Director of Public Prosecutions Uganda, Justice Mike J Chibita (in featured photo) has been elected to the Executive Committee of the International Association of Prosecutors (IAP) at its 24th General Meeting held on Wednesday, 18th September 2019 in Buenos Aires, Argentina. The International Association of Prosecutors is an organization
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By Katusiime Kellen Travel and tourism remained one of the key growth drivers of Africa's economy, contributing 8.5% of the GDP in 2018; equivalent to $194.2 billion. According to the 2019 Jumia Hospitality Report Africa, this growth record placed the continent as the second-fastest growing tourism region in the world,
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Over 100 Contractors and stakeholders in the Construction sector gathered on Tuesday for a dialogue on,‘Building strategic partnerships to foster sustainable growth in the Construction sector’. The event hosted by dfcu Bank presented a platform to discuss challenges, opportunities and prospects for key players in the sector. The construction sector
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