The Speaker of Uganda’s Parliament, Rebecca Kadaga, has launched a paper pilot processing plant at the Uganda Industrial Research Institute (UIRI). While speaking at the launch on Friday, 22nd September 2017, Kadaga said that she was impressed with the work and innovations the Institute had come up with over time.
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Humphrey Kariuki Ndegwa is one of Kenya’s most storied, yet elusive businessmen. Over the last three decades, Ndegwa, 60, has quietly built his company, the Janus Continental Group, into one of East Africa’s largest conglomerates while staying away from the limelight, reports Forbes. Modest in his personal life, calm in
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President Yoweri Kaguta Museveni has said Uganda is fast becoming a middle-income country with vast investment opportunities in agro-processing, industrialization and the service based sector. "Uganda is moving towards becoming a fast world country based on four sectors; commercial agriculture, industries, services and ICT," he said. The President was meeting
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Hadijah Nalubega, 30, never imagined she would one day become a landlady given the fact that her job in Uganda wasn’t satisfying. However, after securing a job in Qatar through Middle East Consultants, a labour exporting agency licensed by the government in 2014, Nalubega is closer to becoming a landlady.
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Ugandan youth are increasingly thinking outside the box given the high levels of unemployment in the country. Azizzi Kayanja and Siraje Wasswa, both residents of Ggulu ward in Mukono Municipality are some of the enterprising Ugandans making a living from making modern charcoal stoves. These young men say they started
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In April, Kwese Sports won free-to-air and subscription TV rights for the 2018 Fifa World Cup as they announced themselves an emerging big player in the African sports television market. The rights cost the company around $34m as Fifa pocketed a decent profit after sub-Saharan Africa’s top TV companies splashed
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Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote told PPC’s board that it’s interested in buying “the entire share capital,” the
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By Godfrey Kenneth Gobba Wealth and financial freedom are acquired by owning assets that not only appreciate in value, but also generate a dependable income stream. These could be both physical and financial assets but the most important asset in the wealth creation process, is the business asset. A business
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At a gathering of senior policymakers and developments experts hosted by UK’s leading foreign policy institute recently, the Chairman of Heirs Holdings and one of Africa’s richest men, Tony Elumelu, spoke on a panel alongside United Kingdom Minister of State, Department for International Development (DFID), Rory Stewart, OBE, where he
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Regional supermarket giant, Nakumatt will soon become history in Uganda, a development that will leave many jobless and adversely affect the economy at large. An inside source, who preferred anonymity, confirmed to Business Focus that Nakumatt is in advanced stages of ending operations in Uganda due to unprecedented debts. “The
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