Uganda’s taxman has commenced the auction of Nakumatt goods as it moves to recover millions of shillings owed by the struggling regional retail chain. The Uganda Revenue Authority on Tuesday started the public auctions by selling perishable goods owned by Nakumatt, reports Business Daily Africa. The clearance sales at two
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A prominent Indian journalist critical of Hindu nationalist politics has been shot dead in the southern state of Karnataka, police say. Gauri Lankesh, 55, was found lying in a pool of blood at her doorstep in the city of Bangalore, reports the BBC. She was shot in the head and
Read MoreA prominent businessman in Uganda and East Africa at large, Kassim Omar has died after a blood clot operation in Nakasero Hospital on Tuesday. Omar was a former President of Uganda Clearing Industry and Forwarding Association (UCIFA) and the new elected Chairman of East Africa Business Council (EABC). Daily Monitor
Read MoreTop 4 Digital Transformation Priorities For African Telecoms To Survive
By Mariam Abdullahi, After nearly two decades of uninhibited growth and profitability, African telecoms operators (telcos) are facing the converging forces of digital disruption. Some of the factors contributing to this are: easily accessible broadband internet, popular over the top (OTT) services such as WhatsApp, and changing consumer needs. According
Read MoreUganda’s Parliament was Tuesday forced to adjourn unceremoniously after Government failed to explain the rampant killings of women in the country. It was a bad day for Deputy Speaker, Jacob Oulanyah considering the fact that MPs had just returned from the one month recess. Lira district Woman MP, Joy Atim
Read MoreMerck Foundation, a non-profit organization, and a subsidiary of Merck KGaA underscored their commitment to long term partnership with Government of Uganda to build healthcare capacity with special focus on diabetes, cardiovascular diseases, infertility and cancer, the organization said in a statement dated September5, 2017. During the high-level meeting between
Read MoreA new survey reveals that Uganda’s economy is increasingly recovering from hard economic times despite export orders reducing due to political uncertainty in key export markets. The Headline Stanbic Bank Uganda Purchase Manager’s index for August signaled a further improvement in the health of the Ugandan private sector. At 54.1
Read MoreOil prices marched higher on Tuesday following reports indicating that Russia and Saudi Arabia are considering extending the oil production cut deal agreed between both OPEC and non-OPEC members once it expires in March 2018. Russia's Energy Minister Alexander Novak was a key architect of the output cut deal that
Read MoreUS aircraft manufacturer Boeing has won a victory in a long-running dispute with European rival Airbus. The World Trade Organization has reversed on appeal a ruling that Boeing received some state aid to help build its newest aircraft, the 777X. "The WTO has rejected yet another of the baseless claims
Read MoreKenya's opposition leader Raila Odinga has just announced that he's not "ready" to take part in a planned re-run of the country's presidential election. Mr Odinga said he wanted "legal and constitutional guarantees" in place before agreeing to take part. He also called for changes to the country's electoral commission,
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