Kenya based accounting and audit firm Parker Randall, owned by former Mumias Sugar boss Coutts Otolo has won the bid to audit Nakumatt Holding’s books and report to the retailer’s creditors, Daily Nation reports. The consultancy firm has less than six weeks to prepare the struggling retailer’s books for the
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Heliochem Pty Ltd, an Australian based firm has partnered with Medcan Uganda Ltd to grow medical cannabis (marijuana) in Uganda, Business Focus exclusively reports. Heliochem is a subsidiary of THC Global Group Limited (ASX: THC), an ASX listed company, operating in the Health Care sector. It has been in business for
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Equity Bank’s announcement that it had reached a deal to buy four regional banks has drawn interest to the ownership of the lenders and the state of their health. The bank’s Chief Executive James Mwangi announced plans to buy 62 per cent of Banque Populaire du Rwanda Ltd, 100 per
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It’s pretty incredible how often you hear managers complaining about their best employees leaving, and they really do have something to complain about—few things are as costly and disruptive as good people walking out the door. But managers tend to blame their turnover problems on everything under the sun while
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“When I was young, I always knew I wanted to be a doctor but alas life doesn’t always move as we plan it. In primary six, I lost both my parents and that’s when everything started to go uphill. I struggled for the next couple of years without having a
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The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic Transcorp Hilton Hotel, Abuja. The Forum is the culmination of
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Up-and-coming generations have become increasingly conscious of world issues and they are motivated to make a difference. From being better consumers to having a positive impact on the environment, playing a role to help underdeveloped countries, having their say in politics, lending their services to help others, and even sharing
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Agribusiness has been touted as a sector that will produce the next generation of billionaires across the world given the increasing global population amidst fixed land and climate change menace. In Uganda, a number of people are increasingly taking on commercial farming. However, some have jumped on this lucrative business
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Tanzanian self-made media magnate and philanthropist Reginald Mengi has died in Dubai at the age of 75. Mr Mengi, through his manufacturing, mining and media conglomerate IPP Group, owned newspapers and radio and TV stations. In 2014, Forbes estimated his wealth at $560m (£430m). He was born into a poor
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Slow economy? Few customers? No demand for your products? That’s probably because you’re making a few mistakes that are impacting your growth. Sometimes it’s even the inadvertent or indirect mistakes that accumulate over time and discourage customers from coming to you. Below are a few pointers to help you avoid
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