By Devon Pendleton and Tom Metcalf Aliko Dangote’s $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries. About half of Nigeria’s 190.9 million citizens subside on less than $1.90 a day,
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The Mastercard Foundation in partnership with BFA on February 27, 2019 released Digital Commerce and Youth Employment in Africa, new research that shows 80 million young people will benefit from the rise of digital commerce in Africa by 2030. These findings indicate that the digital commerce sector has the potential
Read MoreBy Drake Nyamugabwa Leading Indian business leaders in Uganda have been awarded by the India Business Forum, an umbrella organization for Indian Companies and an arm of The Indian Association of Uganda. During the award night held at Serena hotel on Tuesday 26th Feb 2019, the High Commissioner of India
Read MoreKenya Taxman Freezes 11 Bank Accounts Of Alcohol Tycoon Over Shs109bn
The Kenya Revenue Authority (KRA) has obtained orders freezing 11 accounts associated with businessman Humphrey Kariuki over alleged tax evasion amounting to KSh3 billion (UShs109.9bn), Daily Nation reports. The accounts are scattered in seven banks, including Equity, National Bank of Kenya and Kenya Commercial Bank (KCB), and are linked to
Read MoreThe Minister of Agriculture, Animal Industry and Fisheries, Vincent Bamulangaki Ssempijja has said government will soon consider Soybean as a country`s strategic crop that will earn farmers good money. He made the remarks while launching a new soybean variety (Maksoy 6N) and state-of-the-art soybean storage facilities yesterday in Kabanyolo-Wakiso District.
Read MoreExcitement As Premier Recruitment Makes First Deployment To Middle East
Premier Recruitment Ltd, a labour recruitment company has sent its first batch of 8 Ugandan ladies to Jeddah, Saudi Arabia, where they will work as domestic workers on a two- year contract, Kyamutetera reports. The labour exporting agency entered Uganda’s private labour recruitment market barely 6 months ago.t The 8
Read Moredfcu Customers will, for a limited time only, access personal unsecured loans of up to UGX 150 million at a competitive interest rate as low as 17.5% per annum. According to dfcu Bank’s Head Personal Banking, Miranda Bageine Musoke, customers will be able to apply in minutes and have money
Read MoreFeuds and disagreements have torn apart many family businesses in Kenya. Many such collapses has been witnessed and reported in the recent past. However, when it comes to the business empire that Kenya’s founding president, Jomo Kenyatta, built, things have been moving from strength to strength as younger family members
Read MoreYoung, African And Entrepreneurial? Apply For The Shs367m Anzisha Prize
The Anzisha Prize program which is a partnership between African Leadership Academy and Mastercard Foundation has just launched the call for 2019 applications. The prize is looking for Africa's most innovative social and business entrepreneurs between the ages of 15 and 22. Young entrepreneurs who apply will have the opportunity
Read MoreUganda is regarded as an agricultural-based economy and East Africa’s food basket given its ability to produce a variety of foods and in large quantities. It comprises the food and cash crops production, livestock, forestry,and fishing subsectors. The Agriculture sector continues to be the most important sector in Uganda, employing
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