Three of Africa's richest people (from left): Johann Rupert of South Africa, Aliko Dangote of Nigeria and Nassef Sawiris of Egypt. Africa’s billionaires are richer than they have been in years, despite the global pandemic. As a group, the continent’s 18 billionaires are worth an estimated $84.9 billion – a
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Uganda has remained among the most corrupt countries in the world over the last year, with global indices showing not much change from recent years. According to Transparency International’s Corruption Perceptions Index for 2021, Uganda scored 27 out of 100, which is below the Sub-Saharan average of 33 points,
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The late Prof. Emmanuel Tumusiime Mutebile, who has been Bank of Uganda Governor There is no doubt that the fallen Bank of Uganda Governor Emanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this,
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NJ Ayuk, Executive Chairman of the African Energy Chamber The final frontier for oil and gas exploration, a range of untapped resources awaiting exploitation, and opportunities across the entire energy value chain all represent key components of Africa’s hydrocarbon market. For years, resource rich nations have been capitalizing on their
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The effects of COVID-19 lockdowns and reduced disposable income have impacted businesses all over the world, but perhaps none more so than companies in Africa's consumer-focused sectors. This has highlighted the critical need for African countries to develop and implement a digital-first approach to work, shopping, and other aspects of
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By Hassan Kitenda As you wake up in the morning rush to drop off the kids at school, dash to work, or rush home in the evening to make a meal, retirement may seem a far-off reality. But time always moves faster than we expect. You may remember your first
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The full reopening of the economy is expected to boost economic recovery While addressing the nation on December 30, 2021, President Yoweri Museveni lifted the two-year lockdown and fully opened all the sector of the economy. With most of the business returning to normal operations next week, start-ups within the
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By Cathy Smith, Managing Director at SAP Africa The past year proved that the only certainty in our world right now is further uncertainty and change. With the world in flux due to the impact of the pandemic, the growing influence of digital technologies in every facet of our lives,
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Factories taking shape at one of the new Industrial Parks Agro-industrialization is set to take the fifth largest share of the national budget for 2022/23 as the government implements the Agro-Industrialization Programme Implementation Action Plan. This is also part of the third National Development Plan (NDPIII), whose theme ‘is increasing
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A photo Montage of some of the CEOs and business personalities to watch in 2022 The last two years have presented serious business, health and personal challenges across the world, worsened by a breakdown in the global supply chains due to COVID-19 related disruptions. It has been a period that
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