Supermarket chain Tuskys is seeking to sell a majority stake to a consortium made up of a private equity firm and an undisclosed foreign retailer as part of efforts to raise cash to pay suppliers and win back their confidence. The retailer’s rescue plans have been disclosed by a transaction
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With the possibility of another semester of online classes on the horizon, many young people are asking themselves if it makes sense to go to college or pursue an advanced degree. While Africa’s future doctors of course need to go to college and medical school, Africa’s future entrepreneurs might be
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Mukesh Ambani: Photographer: Simon Dawson/Bloomberg Mukesh Ambani has had a rollercoaster 2020, cutting a string of deals for his digital business, undergoing wild swings in his wealth and having his brother’s finances laid bare for the world to see. Now he can add another chapter -- eclipsing the fortune of
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Government through Ministry of Health has urged makers of face masks to send in their applications if they are to cash-in on the programme that will see Ugandans above six years get ‘free’ face masks from government “All companies that are interested in manufacturing and supplying face masks are advised
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Business experts have advised bank customers and entrepreneurs to embrace digital platforms during and after the COVID-19 pandemic since the disease has changed the way business is operated. This was disclosed Thursday during an online webinar to discuss a topic ‘how to address emerging risks during COVID-19’. It was organized
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Emirates SkyCargo has utilised the cargo capacity on its Boeing 777-300ER passenger freighter aircraft to facilitate the movement of goods to and from Uganda. Following the announcement that cargo flights were allowed into the country, Emirates SkyCargo recalibrated its operations to Uganda, ensuring continuity to local businesses with dedicated cargo
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COVID-19 pandemic and subsequent lockdown has reduced business activity in Uganda by more than 50 percentage points, a report by the Economic Policy Research Centre (EPRC)’s business climate index (BCI) has revealed. According to the report, sectoral analysis shows that businesses in agriculture experienced the largest decline in business activity
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As Uganda and East African region grapple with the problem of truck drivers spreading COVID-19, Cyclops Defense Systems, a security company has developed an application to fight the spread of coronavirus by tracking and monitoring individuals’ changes in temperature, blood pulse and location in real time. Charles Alpha Karamagi, The
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Abdul Kinyenya, a Choreographer and entrepreneur Experts in the creative artists industry have urged stakeholders to partner with them to develop the sector through enabling them access opportunities including business classes aimed at supporting them to access credit from financial institutions. They say that this will help them set up
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The COVID-19 pandemic has adversely affected the global and local economy. A number of people are feeling pressure in their pockets during to the lockdown but the post lockdown future looks bleaker. For farmers and people who are passionate about agribusiness, this is the time to think about crops that
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