Picture this: Your friend asks you to guarantee his/her sacco loan. You automatically agree because you know him/her well. Besides, the sacco is known to be flexible with defaulters. Sadly, things don’t go according to plan, life gets tough and your friend defaults. But his/her assets are not enough to
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The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme. 105 Ugandans have been selected to benefit from this year’s programme. The announcement
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Donald Trump has charged his own reelection campaign $1.3 million (UShs4.8 billion) for rent, food, lodging and other expenses since taking office, according to a Forbes analysis of the latest campaign filings. And although outsiders have contributed more than $50 million to the campaign, the billionaire president hasn’t handed over
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Kampala City has been selected as the lead among the Twelve (12) African cities in the Africa Smart Towns Network (ASToN). This follows a competitive submission to the call for applications organized by the French Development Agency (AFD) early this year. The other African cities include Algiers (Algeria), Bamako (Mali),
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In the second edition of the nationwide Savings and Investment campaign dubbed ‘Battle for Cash’ where dfcu Bank partners with NTV Uganda and Price Waterhouse Coopers (PwC) with an aim to build a savings and investments culture in Uganda, Akuna Muchezo Development Club emerged as the winners. The challenge in
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The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the Foundation’s Entrepreneurship Programme, will take place at the
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Africa’s richest man, Aliko Dangote, is set to pocket almost $650 million (UShs2.4 trillion) in dividends from profits made by his Dangote Cement in 2018. Dangote Cement PLC recently released its FY’18 results, reporting sales of $2.5 billion, up 12.11% from $2.23 billion in 2017. Profit before tax stood at
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The Petroleum Authority of Uganda (PAU) organised the first Regional National Content Conference for suppliers in the Oil and Gas Sector at the Hoima Resort Hotel, Hoima on 12th March, 2019. The objective of the conference, which was attended by close to 400 participants, was to engage and disseminate information
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Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released early March. With an estimated fortune of $131bn (£99bn) he is the wealthiest man in modern history. But he is by no means the richest man of all time. That title
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In 2016, dfcu Bank signed an MOU with Makerere University Business School (MUBS) to start a business acceleration program for women entrepreneurs under its program Women in Business that seeks to empower women entrepreneurs in the business space. Recently, the first group comprising of 90 women successfully completed the 2-year
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