In April, Kwese Sports won free-to-air and subscription TV rights for the 2018 Fifa World Cup as they announced themselves an emerging big player in the African sports television market. The rights cost the company around $34m as Fifa pocketed a decent profit after sub-Saharan Africa’s top TV companies splashed
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A Kenyan MP from the governing Jubilee Party has filed a petition seeking the removal of Chief Justice David Maraga, accusing him of orchestrating a "judicial coup" by leading the Supreme Court judges to annul President Uhuru Kenyatta's win in the 8 August election, the Nation reports. Ngunjiri Wambugu wants the
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Bobi Wine, one of Uganda's top musicians who in June became an MP, has released a spoken word track lambasting the governing party's MPs who have backed a call to remove presidential age limits. This change would allow President Yoweri Museveni, who has been in power for 31 years, to
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Two people have been arrested for alleged hacking into accounts of Centenary Bank and transferring millions of shillings. The two identified as Denis Etumu and Shalih Ajuna were picked from different areas of Kampala after being trailed by intelligence personnel from Central Police Station (CPS) Kampala. Etumu was the first
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The Deputy Speaker of Parliament Jacob Oulanyah has reiterated that legislators should not discuss the Presidential Age Limit. Oulanyah who was chairing the house on Wednesday stated that discussion of things outside of the parliament is misguided and uncalled for. His statement came after Mukono Municipality MP Betty Nambooze questioned
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A North Korean state agency threatened on Thursday to use nuclear weapons to “sink” Japan and reduce the United States to “ashes and darkness” for supporting a U.N. Security Council resolution and sanctions over its latest nuclear test, Reuters reports. Pyongyang’s Korea Asia-Pacific Peace Committee, which handles the North’s external
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Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote told PPC’s board that it’s interested in buying “the entire share capital,” the
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Kenya borrowed KSh430.6 billion (over UShs15 trillion) in the five months to June, highlighting the Jubilee administration’s appetite for foreign money to finance mega infrastructure projects. The Daily Nation reports that the Treasury signed a total of 29 new loans involving bilateral, multilateral and commercial creditors. “The proceeds from all
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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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The high profile case between property mogul, Sudhir Ruparelia and Bank of Uganda (BoU) kicked off on Wednesday at Uganda’s High Court, Commercial Division. It is being heard by Justice David Wangutsi. BoU sued Ruparelia and his Meera Investments two month ago, accusing the tycoon of fleecing the then Crane
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