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Mauritian Company Acquires 51.18% Controlling Stake In Quality Chemical Industries In Shs94.6bn Deal

Taddewo William Senyonyi November 15, 2023November 15, 20230

Mauritian based investment company, Africa Capitalworks SSA 3, has completed the acquisition of 51.18% stake in CIPLA Quality Chemical Industries Limited. Africa Capitalworks SSA 3 (ACW SSA 3) acquired 1,864,299,646 and 4,871,038 Ordinary Shares of Cipla Quality Chemical Industries Limited (QCIL) from Meditab Holdings Limited and Cipla (EU) Limited, respectively, collectively comprising

ICT

Huawei Advocates For Accelerating Digital Africa For a Prosperous, Sustainable Continent

BusinessFocus Reporter November 15, 20230

Leo Chen, President of Huawei Sub-Saharan Africa deliverd a keynot at the opening of AfricaCom 2023 In his opening keynote for AfricaCom 2023, Africa’s largest tech conference, currently underway in Cape Town， Leo Chen, President of Huawei Sub-Saharan Africa laid out how two transformative forces, digitalisation and decarbonisation, are driving humanity

News

Parliament Blocks Disbandment Of UCDA, NAADS, UNRA & Other Agencies

BusinessFocus Reporter November 15, 2023November 15, 20230

Muruli Mukasa, Minister of Public Service Parliament has blocked plans by Government to disband several public agencies including Uganda Coffee Development Authority (UCDA), Uganda National Roads Authority (UNRA), National Agricultural Advisory Services (NAADS) until the cost and legal implications of merging these agencies is well explained. This followed an attempt

Education News

Headteacher On The Spot For Detaining Primary Seven Leavers Over Fees

BusinessFocus Reporter November 14, 20230

A signpost of Pherry Junior School located at Kitete in Mukono Central Division Sylvia Okite, the director and head teacher of Pherry Junior School in Mukono Municipality is under the spotlight for allegedly detaining eight Primary Seven leavers due to unpaid school fees. The director ordered the detention of the

News

Rice Dominates Smuggled Goods- URA Operations Show

BusinessFocus Reporter November 14, 20230

The impounded Smuggled Rice Uganda Revenue Authority (URA) joined other government agencies in a new initiative to fight cross-border crime, amidst increasing cases of smuggling. Over the last week, the agency's border and enforcement personnel have netted various items from suspected smugglers through the eastern, western, and southern routes. At

ICT

ICT Ministers Promote Future-Oriented, Intelligent Digital Infrastructure For Africa

BusinessFocus Reporter November 14, 20230

From left to right: Hon. Thulagano Merafe Segokgo, Minister of Communications, Knowledge and Technology, Republic of Botswana; Hon. Philly Mapulane, Deputy Minister of Communications & Digital Technologies, South Africa; Hon Dr. T. A. Mavetera, Minister of Information Communication Technology, Postal and Courier Services, the Republic of Zimbabwe; Ms. Nonkqubela Thathakahle

Oil & Gas

UNOC Defends Decision To Open Branch In Kenya

BusinessFocus Reporter November 14, 20230

Energy and Mineral Development Minister , Ruth Nankbirwa was in Tanzania last week to meet President Samia Suluhu Hassan and briefed her about Uganda’s proposed policy for bulk importation and supply of petroleum products to reduce fuel prices/Courtsey Photo Uganda National Oil Company (UNOC) has defended the registration of a branch in

News

CSquared Successfully Raises New Equity Investment To Continue Building Carrier Neutral Broadband Networks To Digitally Connect Africa

BusinessFocus Reporter November 14, 20230

CSquared CEO, Lanre Kolade CSquared Link Holdings (Mauritius) Limited (“CSquared” or the “Company”) is a pan-African technology company committed to digitally connecting Africa by making impactful investments in telecommunications infrastructure throughout the region. To accelerate the expansion of its carrier neutral, open-access broadband infrastructure, CSquared today announces new equity investment

Agribusiness Commodities Markets

Kenya Agricultural Commodities Exchange Goes Live Next February, Produce To Be Drawn From Kenya, Uganda & Rwanda

BusinessFocus Reporter November 14, 20230

Kenya’s planned agricultural produce exchange is scheduled to go live in February next year, the Trade and Investment Ministry said in a disclosure. The ministry said the Kenya National Multi Commodities Exchange (Komex) is scheduled to commence mock trading on January 29, 2024 and go live on February 26, 2024.

Tourism & Travel

Accelerating Tourism Sector Recovery: Uganda Sends 200+ Strong Delegation Of Tourism Sector Players To The Uganda- Kenya Coast Tourism Conference

BusinessFocus Reporter November 14, 2023November 14, 20230

A collage of Ugandan officials who led a 200+ strong delegation to the Uganda-Kenya Coast Conference Hon. Mulimba John, Uganda’s Minister of State for Foreign Affairs, in Charge of Regional Cooperation and Hon.Bahinduka Mugarra Martin, the State Minister of Tourism, Wildlife and Antiquities are leading a delegation of over 200 Ugandan