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Rifaly Launch In Uganda Ignites Groundbreaking Transformation In African E-Publishing & Storytelling

BusinessFocus Reporter August 9, 2023August 9, 20230

Arthur Mukembo (Left), Future Lab Studio Lead, Innovation Village, Frank Muthusi (2nd Left), Chairman Uganda Advertising Association and Kevin Kaija (Centre), Senior Product Manager (Afro-mobile), Chief Content Officer Next Media Services at the launch of Rifaly Smart Foundry, a Venture studio in Africa, in collaboration with leading organizations, has launched the Rifaly platform in Uganda, heralding a

News

NAADS Officials Probed For Diverting Shs7bn

BusinessFocus Reporter August 9, 20230

NAADS Executive Director, Samuel Mugasi National Agricultural Advisory Services (NAADS) officials found themselves in a challenging situation on Tuesday as they sought to address the concerns of the Public Accounts Committee on Commission, Statutory Authorities, and State Enterprises (PAC-COSASE). Their predicament arose from an irregular diversion of Shillings 7 billion.

Markets News

Airtel Uganda Set To List On Stock Market, Sell Shares Worth Shs8bn

BusinessFocus Reporter August 9, 20230

Airtel Uganda Chairman Karuhanga, flanked by MD Murali and Finance Director Mohan Airtel Uganda Ltd has confirmed its intention to list on the stock market of Uganda up to 20 percent of its shares, totaling 8 billion Shillings. The company, wholly owned by Airtel Africa plc, is due to publish

Banking News

‘Ugandans Mainly Using Mobile Banking Platforms To Withdraw Money’

BusinessFocus Reporter August 9, 2023August 9, 20230

More Ugandans subscribing to mobile banking are using the platforms to withdraw money from their bank accounts, than those using them to deposit, according to the service providers. This is one of the findings and developments in the banking and financial technology (Fintech) industries that will form the discussions at

News

African Leaders Push For Ban On Unprocessed Coffee Exports

BusinessFocus Reporter August 9, 20231

African leaders in a group photo on day one of the second African Coffee Summit taking place at Speke Resort Munyonyo in Kampala Leaders from coffee-producing countries in Africa are formulating strategies to halt the export of raw coffee beans. This initiative is aimed at elevating the income of farmers and

News

Minister Mutuuzo Meets American Delegation, Emphasizes African Values

BusinessFocus Reporter August 9, 20230

Minister Mutuuzo with Global Peace Festival delegates in her office in Kampala on Tuesday The Minister of State for Gender and Culture Affairs, Hon. Mutuuzo Peace Regis has reaffirmed the importance of upholding African values and family identity in the face of mounting pressure from foreign entities to embrace practices that

News

Pearl Dairy Launches Lato Nadolac, A Nutritious Product For Infants

BusinessFocus Reporter August 9, 20230

Pearl Dairy, the manufacturers of Lato milk, has announced the introduction of their latest product, Lato Nadolac. Designed as a complementary feeding solution for infants, Lato Nadolac aims to support parents in the essential journey of weaning their babies off exclusive breastfeeding by introducing solid foods. This crucial milestone should ideally

International News

Anti-Homosexuality Act Bites As World Bank Stops Further Lending To Uganda

BusinessFocus Reporter August 9, 2023August 9, 20231

The World Bank Group Tuesday said it had stopped further lending to Uganda over Anti-Homosexuality Act. Below is a statement issued by the Bank; “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values. We believe our vision to eradicate poverty on a livable planet can only succeed if it includes

Banking News

dfcu Bank Launches ‘Make Big Moves’ Campaign, Empowering Customers With Asset Financing Solutions

BusinessFocus Reporter August 8, 2023August 8, 20230

Sandra Kaggwa, dfcu Bank’s Manager - Asset Finance Under its ‘Reach for More’ thematic campaign, dfcu Bank has unveiled a 5-month-long Asset Financing Campaign designed to offer financing for movable assets for its customers in Corporate, Personal & Business Banking Segments. The Bank has a long history of providing Asset

News Real Estate

Lands Ministry Moves To Get Simplified, Affordable Versions Of Condominiums Amid Housing Deficit

BusinessFocus Reporter August 8, 20230

Dave Khayangayanga, the Director Housing in the Ministry of Land, Housing and Urban Development speaking at a press conference on Tuesday. Government through the Ministry of Lands, Housing and Urban Development is considering new strategies for developers to come up with simplified versions of condominiums. This development comes amid concerns