Tanzania’s Government signed a $154 million (Shs552.5bn) contract on Saturday with the State-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport
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By Godfrey Kenneth Gobba A Salary Loan is one of the greatest opportunities that employed people have to start creating wealth for themselves, but many often squander this opportunity. Anyone that has ever approached a bank seeking a loan knows for a fact that qualifying for credit is indeed no
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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
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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
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Uganda'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
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More 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)
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Passion 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
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To 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
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Marriage 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
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The 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
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