Prime Minister Theresa May was fighting to hold on to her job on Friday as British voters dealt her a punishing blow, denying her the stronger mandate she had sought to conduct Brexit talks and instead weakening her party's grip on power. With no clear winner emerging from Thursday's parliamentary
Read MoreBusinessFocus Reporter
Ugandan socialite and wife of Tanzanian singer, Diamond Platnumz, Zari Hassan, has been given the authority to manage the business empire of her deceased ex-husband, Ivan Semwanga, who died last month. The decision was reached after a lengthy meeting at Ivan’s home in Uganda on Saturday which was attended by
Read MoreUganda's President Yoweri Museveni has warned that the whole country is facing procurement chaos because the process benefits those bent on making money and not the country. He said huge resources are wasted in claims of procurement. The President was on Friday commissioning multibillion Komatsu road construction and maintenance equipment from
Read MoreMore than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7% of the national carrier from 43.7%. An analysis done by Genghis Capital, an investment bank, shows that based on Kenya Airways’ (KQ)
Read MorePassion and determination are key ingredients in business. Peace Bampata, a resident of Nyabikyerere Central Division in the outskirts of Bushenyi Ishaka Municipality, Bushenyi district is one of the few making a killing from passion fruit farming. Bampata, who holds a Bachelor’s Degree in nursing from the United Kingdom and
Read MoreTo support next year’s Shs29trn budget, Uganda Revenue Authority (URA) is expected to collect Shs15trn in tax revenue in the 2017/18 budget, up from 13.1trn in the previous budget. This was disclosed on Thursday afternoon by Finance Minister, Matia Kasaija at the Kampala Serena Conference Centre while presenting the 2017/18
Read MoreMarriage appears to be good for your health, boosting your survival chances if you have a major heart risk factor such as high cholesterol, say researchers. A loving spouse might spur you on to look after yourself better, they told a heart conference, based on their study of nearly a
Read MoreThe revelations about the children fallen educationist, Lawrence Mukiibi left have drawn in Uganda's teachers' union. Uganda National Teacher's Union (UNATU) has condemned teachers and head teachers who prey on children left under their care. The UNATU Secretary General, James Tweheyo, says it is unethical and professionally wrong for teachers
Read MoreThe government of Uganda has disclosed why the Uganda Shilling will weaken further in the medium term. This is contained in the background to the budget for Financial Year 2017/18. “Over the medium term, the Shilling is expected to continue weakening on account of global financial conditions, weak current account
Read MoreNew details continue to emerge regarding investigations into the murder of former Police Spokesperson, Andrew Felix Kaweesi. The latest is that investigating officers are yet to make headway in linking Kamwenge Mayor Geoffrey Byamukama to the March 17 murder of three police officers including Assistant Inspector General of police (AIGP)
Read More