Mitch Kahn remembers how, when fighting began in the second war in Iraq, prices for US crude oil spiked $10 per barrel overnight. That would have meant a profit of $50,000 if a trader had made the smallest purchasing trade possible. Or, just as big a loss if the trader
Read More
The inaugural Social Media FestUg, an annual event organized by Spotlight Publications Ltd, the publishers of Business Focus is scheduled to take place on 25th January 2020 at Silver Springs Hotel Gardens, Bugolobi. Running under the theme; Redirecting Social Media To Impactful Social Networking Engagements, the festival will bring real
Read More
President Trump has warned the US is "targeting" 52 Iranian sites and will strike "very fast and very hard" if Tehran attacks Americans or US assets. His comments followed the US assassination of Qasem Soleimani, a top Iranian general, in a drone strike. Iran has vowed to avenge his killing.
Read More
Ugandan President Yoweri Museveni has begun a six-day march through the jungle, walking 195 km (121 miles). He is retracing the route he and his forces took in 1986, when they seized power from Idi Amin and Milton Obote. Critics have dismissed the march as a stunt ahead of Uganda's
Read More
Beatrice Anywar (pictured), the Minister of State of Environment has lashed out at a section of Opposition members who have criticized her appointment as Minister, saying there’s no permanent enemy in politics. “There is no permanent enemy in politics. At that time as my President (Kiiza Besigye), we got along
Read More
Parliament's Appointments Committee has deferred the approval of new ministers. According to reports, Robinah Nabbanja, the designate Minister of State for Health and Jackson Kafuuzi-the designate Deputy Attorney General had their approval deferred to allow further consultations on their qualifications. As Rule 155(1) of the Parliament’s Rules of Procedure stipulates,
Read More
Microsoft Corp. co-founder Bill Gates (pictured) started the last decade worth more than $50 billion and with a pledge to give away his fortune to charity. By the end of the decade, he’d donated billions of dollars to fight poverty and improve health care and education. But his fortune also
Read More
Hollywood star Ntare Mwine (pictured above) has given Ugandan filmmakers a shot in the arm by introducing a short film competition where the winner will take home USD 1,000 (approximately Shs3.7 million). Mr Ntare Guma Mbaho Mwine, who holds both Ugandan and American citizenship, unveiled the challenge while meeting film
Read More
Nakumatt Holdings had lent its directors more than KSh1 billion (UShs36.36bn) in interest-free soft loans by the time it was placed under administration on January 22, 2018, according to a review of the company’s financial statements. The related party transactions were recently disclosed in a report for the year ended
Read More
Vipers Sports Club have announced the signing of Paul Mucureezi from Mbarara City FC on a three-year contract from January 3rd 2019, with an option for a further year, the Club's official website reports. The 27-year-old Cranes international winger is a versatile midfielder-cum-forward and joins us as a free agent
Read More
