The Uganda Tony Elumelu Foundation (TEF) entrepreneurs led by United Bank for Africa management team on Tuesday 5th November, 2019 met with Uganda’s Prime Minister Dr. Ruhakana Rugunda, to discuss a possible partnership with the government of Uganda in a bid to promote youth empowerment through entrepreneurship. The TEF beneficiaries
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Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO), BBC reports. The state-owned oil giant will determine the IPO launch price after registering interest from investors. Business sources say the Saudis are expected to
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The Africa Women Innovation and Entrepreneurship Forum (AWIEF), opened in Cape Town, South Africa, 29 October 2019, with stirring calls from speakers for women to move from having conversations about economic empowerment to radical action. Keynote speaker, Dr Vera Songwe, United Nations Undersecretary General and Executive Secretary, UN Economic Commission
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Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the "Ambition Africa" conference organised by the France Invest Africa Club in Paris, France. As Elumelu delivered the opening address, he urged French investors to look to Africa for
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They run the world’s most profitable company, oversee one-tenth of global oil output and their decisions help shape the fate of a nation. Their paychecks, however, are a little less grandiose. Saudi oil giant Aramco is a cash cow for the kingdom, allowing the royal family to wield power with
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By Nicolas Pompigne-Mognard, APO Group Founder and Chairman APO Group are delighted to be the founding sponsor of a new AWIEF award: the APO Group African Women in Media Award. The prize has been introduced to recognise, celebrate and empower women journalists who support female entrepreneurship in Africa. Here, APO
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Social enterprises play a critical role in addressing many of the world's socio-economic challenges by uplifting communities, accelerating progress and creating job opportunities - and technology plays a key role in helping to increase their impact and scale. This was a major talking point at the Social Enterprise World Forum
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Aya Factory in Kamempe risks being added to the list of failed Ugandan businesses if reports that the company is on the verge of collapse are something to go by. According to sources, the factory is said to be struggling with salary challenges forcing workers to abandon work and resort
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Vast white greenhouses sit high up on the slopes of Lesotho’s Marakabei town, hidden from view. It’s not fruit or vegetables, however, growing under the 18 plastic covers, but thousands of cannabis plants. The cannabis is grown legally by the Lesotho-based company Medigrow and is regulated by the government. “We
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It is a public secret that tycoon Mohan Musisi Kiwanuka’s Business Empire is facing unprecedented turbulence resulting from a disagreement with his son, Jordan Ssebuliba Kiwanuka. Although he has lived a low profile for many decades, Kiwanuka is the Chief Executive Officer of renowned Oscar Industries and runs a number
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