Regional retailer, Nakumatt Supermarket has suspended more than 30 employees and threatened to sack them for participating in a strike two weeks ago to protest non-payment of salaries. The retailer has issued show-cause and suspension letters to the employees who were among those who took to Mombasa Road, Nairobi, on
Read More
Africa’s richest man, Aliko Dangote, plans to invest $20 to $50 billion (about UShs180 Trillion) in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5
Read More
Fifteen (15) young African entrepreneurs have emerged as finalists from a field of more than 800 applicants for the seventh annual Anzisha Prize, Africa's premier award for her youngest entrepreneurs. Supported by African Leadership Academy (ALA) in partnership with the Mastercard Foundation, the Anzisha Prize celebrates and cultivates the next
Read More
Tanzania Women of Achievement (TWA) on Thursday launched Twaa Mentorship, an online portal and mobile app designed to provide mentorship and learning on the go for girls and women in Africa. Twaa Mentorship is the result of TWA’s continued work in transformation programs for women and girls that started in
Read More
Robert Frederick Oliver Mwesigwa Nviiri, a Ugandan has founded Vule Airways, a privately-owned Ugandan registered airline that will hit the skies come November 2017. According to available information, the objective of the new airline that was founded in March this year is to fill the vacuum in the Ugandan air
Read More
Major supermarkets will close on August 8 to allow employees to go and vote. This is even as election jitters creep into the economy. The Standard reports that through adverts in local dailies, Tuskys and Naivas Supermarkets announced that they will not open on Election Day to give customers and
Read More
Livara cosmetics founder and owner, Maxima Nsimenta is among the few young female entrepreneurs nominated for this year's Young Achievers Awards. She was nominated in the Young Achievers Award for Business category. [caption id="attachment_3238" align="alignnone" width="1140"] The organisers of the awards[/caption] Livara Cosmetics manufactures natural and organic cosmetics made from shea
Read More
Chinese billionaire Jack Ma will make his first investment in Kenya through taxi firm, Didi Chuxing, in a partnership with Taxify. Didi, partly owned by Jack Ma’s Alibaba Company, will invest in Taxify, an Estonian online taxi firm with operations in Nairobi. ALSO READ: Jack Ma: How A Poor Rural
Read More
Aliko Dangote has maintained his position as Africa’s richest man despite falling from being the 51st richest person in the world to the 105th in the latest 2017 Forbes billionaires list. Forbes magazine reports that Dangote’s wealth dropped from $15.4bn (£11.8bn) in 2016 to $12.2bn this year, due to Nigeria’s
Read More
Ugandan embattled tycoon Sudhir Ruparelia is no longer East Africa’s richest man. Mohammed Dewji, the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s, is now the only East African to make it to the latest Forbes billionaires list. According to Forbes’ Real Time ranking, Dewji’s
Read More
