British global insurer AON has quit 10 African markets including Uganda, citing weak economy that can’t permit its growth. According to a February 20, 2017 statement, Capitalworks, a leading Africa focused and based private equity firm specialising in investing on the continent, is to acquire AON’s shareholding in 10 countries
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As Ugandans struggle to take in the controversial Shs6bn handshake, the Ministry of Energy seems to have been rocked with another scandal. Business Focus has established that documents showing proof of payment of oil revenues by oil companies have disappeared with no trace from the East African country’s Ministry of
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Unemployment and underemployment are undoubtedly a global problem, and it is expected to worsen given the increasing use of technology that reduces the need for human labour. In Uganda, unemployment has been described as a ‘time bomb’ given the fact that youth unemployment is estimated at over 60%. Away from
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The government of Uganda has in the past few financial years allocated more funds to the coffee sector. However, some Ugandans are yet to appreciate the fact that coffee can transform Uganda into a middle income country if the sector is given due attention and the ongoing campaign well implemented.
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Private Sector Foundation Uganda (PSFU) in partnership with Uganda Manufacturers Association (UMA) has again organized a business symposium in honour of late James Mulwana, a great entrepreneur who inspired many into business. The one day open business symposium is scheduled for March25, 2017 in the UMA Multipurpose Hall; under the
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Bharti Airtel Africa, one of the leading telecommunications service provider with operations in 15 countries across Africa and BCS with support from Facebook will undertake a fiber project in North Western Uganda. According to a February 17, 2017 statement from Airtel, the fiber ring of 770km, when completed later this
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There are people who have such an unrivalled passion for traveling and seeing the world that if you asked them to drop whatever they are doing and go to another country, they will do so with enthusiasm. These very people will traverse the globe, going where the tide leads them
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The first planting season in Uganda is around the corner as witnessed by the ongoing preparations of fields. However, the big questions are; when is the rainy season setting in? Will Uganda receive enough rains? This is due to the fact that the previous two seasons have been witnessed by
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