African telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about $8 billion (UShs29.1 Trillion) next year after combining new and existing assets, according to people familiar with the matter, reports Bloomberg. That valuation would be based on an enlarged company, partly forged through
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Africa’s largest cement Company, Dangote Cement Plc Wednesday added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville, amid ecstasy by the government and the indigenes of the Country. The new plant estimated at $300 million
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Emmerson Mnangagwa has been sworn in as Zimbabwe's president in a ceremony at a packed stadium in the country's capital, Harare, reports BBC. It follows the dramatic departure of Robert Mugabe after 37 years of authoritarian rule. The former vice-president's dismissal earlier this month led the ruling Zanu-PF party and
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During the week ending 24th November 2017, the Uganda Shilling maintained a strong foothold despite pockets of demand that emerged from corporates and interbank towards the close of the week. In the early part of the week there were improved inflows in the market mainly from exports and NGO's that
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To meet or not to meet President Yoweri Museveni over Constitutional Amendment Bill (No.2) 2017? That was the question that has left MPs on the Legal and Parliamentary Affairs Committee divided. During an internal Committee meeting held on Thursday at Parliament, Jacob Oboth, the Committee Chairperson rejected the proposal to
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By Aloysious Kasoma National Social Security Fund (NSSF) has intensified efforts to cash in on 11 million workers in the informal sector. Speaking at the sidelines of the East and Central Africa Social Security Association (ECASSA) conference held at Serena Hotel in Kampala on Thursday, Richard Byarugaba, the Managing Director
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Uganda's President Yoweri Museveni has warned residents of a village in eastern Uganda to vacate areas close to a mountain cliff. While condoling the people of Bufupa and Masaba sub county, President Museveni warned people to vacate settlements that are close to the mountain cliff, adding that government is going
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Uganda's Ministry of Education and sports has issued a set of guidelines to school headteachers on the sticky issue if school fees changes. The guidelines were issued by the ministry's Permanent Secretary, Alex Kakooza on Wednesday asking headteachers to "strictly' observe them Below are the guidelines GUIDELINES ON SCHOOL CHARGES
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The Finance Committee of Parliament has tasked Housing Finance Bank to offer thorough justification for a Shs61bn capitalization request from government. The government, with 49.18 percent shares, owns the bank jointly with National Social Security Fund -NSSF (50 percent) and the National Housing and Construction Company (0.82 percent). State Minister
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The Pepper Publications Limited Directors and Editors could be charged with treason and offensive communication, sources claim. The Five Red Pepper directors are; Arinaitwe Otim Rugyendo, Mujuni James, Johnson Byara Musinguzi, Patrick Mugumya, Richard Tusiime and the three editors include; Ben Byarabaha, Richard Kintu and Tumusiime Francis According to sources, they could be made to make charge and
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