On June28, 2017, ailing regional retailer Nakumatt closed three of its top branches in Uganda. In a statement released by Knight Frank Uganda on Saturday, the retailer, which is wallowing in dire financial woes, said its stores in Acacia Mall; Kololo, Village Mall, Bugolobi and Victoria Mall, Entebbe were on
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Dubai-based private equity investor The Abraaj Group is set to acquire Kenya’s Java House Group for an undisclosed sum of money from Emerging Capital Partners (ECP). Abraaj Managing Partner and Global Head of Private Equity Mustafa Abdel-Wadood described the takeover as a calculated move to expand Java’s well-known culture and
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Ugandan teachers have for years cried foul over the meager and delayed salaries. A year can hardly pass without them going on strike or threatening to strike. Many complain that they cannot meet all their basic needs due to little pay. As a result, the quality of their standards of
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Uganda Development Bank Limited (UDBL) has announced five strategic sectors to enhance their target of achieving the 2nd Development Plan. Speaking at the breakfast meeting held at the Hotel Africana on Thursday, Patricia Ojangole, the UDBL CEO said that the bank has approved Shs70bn to finance key economic sectors. “UBDL
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dfcu Bank, in partnership with Enterprise Uganda, on Tuesday announced that it will hold 12 business clinics for its Small and Medium Enterprise (SME) customers. The announcement was made during a press briefing which also doubled as the first training session at Mackinnon Suites. The clinics will be held over
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You’ll never get rich working for someone else, or so they say. Many feel the risky, adventurous life of an entrepreneur is the surefire pathway of becoming a millionaire but what if you're happier and more comfortable working for a boss who pays for your medical insurance? According to some
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More than a quarter of the world's population now uses Facebook every month, the social network says. "As of this morning, the Facebook community is now officially two billion people," founder and chief executive Mark Zuckerberg posted. The milestone comes just 13 years after the network was founded by Mr
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By Godfrey Kenneth Gobba The concept of investing our money in financial assets like Stocks, Treasury Bills and Government Bonds is still very foreign to many of us and remains subject to public skepticism. Historically, the only assets we knew were land and houses, but here are three reasons why
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Small and Medium Enterprises (SMEs) will blossom once agency banking takes root in Uganda, Equity Bank Uganda Executive Director, Anthony Kituuka has said. He revealed this while addressing members of over 40 Investment Clubs at a Cocktail event held on Thursday at the Protea Hotel, Kampala. The event was aimed
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After graduating with a Bachelor’s Degree in Social Work and Social Administration from Uganda Christian University, Mukono, her husband lieutenant David Gumizamu wanted her to get a formal job. However, she was determined to start her own business. Today, Francisca Kamazi, a resident of Ryashana I, Kashenyi ward in Ishaka-Bushenyi
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