Uganda’s President Yoweri Museveni Wednesday opened the 4th World Customs Organization (WCO) Global Authorized Economic Operators (AEOs) conference at Serena Hotel in Kampala. He revealed that Africa’s increasing population will play a big role in its economic transformation, wondering why some people are against a bigger population. He noted that
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Uganda’s top companies are being dominated by men, leaving many women playing peripheral roles. Keith Kalyegira, the Chief Executive Officer at Capital Markets Authority says that the number of women in the boards of the listed companies is disproportionately lower than that of men “Uganda clays has 3 women
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The MTN Group on March 8, 2018 released financial results for 2017. The results indicate that at 31 December 2017, MTN Group had 217 million subscribers based on the “new modernised definitions”. We will provide comparisons for full year 2018 using the new base. The results further indicate that MTN
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The Uganda shilling weakened on the back of significant demand for dollars from commercial banks squaring their positions, and elevated import demand during the week ending 9th March 2018. Trading was in the range 3652/3662, ten shillings above last week's closing range. In the interbank money market, overnight funds traded
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Tanzanian tycoon Mohammed Dewji has remained the richest East African in the 2018 FORBES list of the World’s Billionaires. Dewji, 42, also remains Africa’s youngest billionaire. Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s, is now the only East African to make
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On March8, 2018, Uganda will join the rest of the world to celebrate the International Women’s Day. This day brings into perspective the issue of women emancipation that has been prominent in President Yoweri Museveni’s 32 years in power. While women have generally been empowered, a few occupy top executive
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Francophone West Africa leads in intra-regional trade with trade hotspots around Dakar, Abidjan, Cotonou and Lomé, according to analysis by Ecobank’s (www.Ecobank.com) research team in its new website. The team has updated Ecobank’s flagship Africa Fixed Income, Currency and Commodities Guidebook (FICC) and made it available as an online resource:
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Crown Beverages Ltd (CBL) commonly known as Pepsi has fired top managers, a move that may either create opportunities for its future growth or come with challenges. According to credible sources, the management style of Paddy Muramiirah, the CBL Chief Executive Officer has forced out many top managers, who have
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Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1 in February down from 52.0 in January, signaling a moderate improvement in business conditions in the private sector, marking the thirteenth consecutive month of strengthening operating conditions since the survey was launched in June 2017. Commenting on February’s survey finding, Jibran Qureshi,
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In partnership with Google, Mara Corporation Limited (MC) is set to release the Mara X for the African market in the second quarter of 2018. The Mara X will be a one-of-a-kind high-quality, smartphone. Mara Corporation Limited is owned by Ashish J Thakkar, one of the richest Ugandans. The Mara
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