By Katusiime Kellen Nakumatt’s financial troubles appear to have deepened last month with cash-flow problems delaying payment of salaries for more than two weeks. Kenya’s largest retail chain, which runs the highest number of outlets in East Africa, had by Monday not paid 1,555 employees their May salaries and had
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Many people like tea spiced with ginger, and this has seen the crop increasingly become an income generating activity for many Ugandans. The crop which popular in Mpigi, Butambala and Mukono is changing lives of many. Edward Kisubika is one of the farmers making a killing from growing ginger. Kisubika,
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The African Innovation Foundation (AIF) (on Thursday announced the top 10 nominees who will be contending for the 2017 Innovation Prize for Africa (IPA), to be awarded in Accra, Ghana on 18th July 2017. Innovators from nine African countries including Uganda, Kenya, Democratic Republic of Congo, Egypt, Liberia, Morocco, Nigeria,
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By Godfrey Kenneth Gobba Since time immemorial we have been conditioned to believe that saving is a safe, responsible and intelligent way to manage our money. We have been duped into believing that developing a savings culture is the best way to financial freedom. But what if saving money is
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By Godfrey Kenneth Gobba A Salary Loan is one of the greatest opportunities that employed people have to start creating wealth for themselves, but many often squander this opportunity. Anyone that has ever approached a bank seeking a loan knows for a fact that qualifying for credit is indeed no
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Passion and determination are key ingredients in business. Peace Bampata, a resident of Nyabikyerere Central Division in the outskirts of Bushenyi Ishaka Municipality, Bushenyi district is one of the few making a killing from passion fruit farming. Bampata, who holds a Bachelor’s Degree in nursing from the United Kingdom and
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Equity Bank Uganda is ready to embrace and roll out agency banking across the country, Business Focus reveals. Anthony Kituuka, the Executive Director at Equity Bank Uganda says that they have systems and resources ready to roll agency banking, noting that they are only waiting for guidelines from the Bank
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Uganda’s President, Yoweri Museveni has promised the already existing commercial farmers lower interest rates in order to expand their operations and up production. The President made the revelation while delivering the State of the Nation Address to Parliament and the entire nation at Kampala Serena Conference Centre on Tuesday evening.
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Professor Lawrence Mukibi, the proprietor of the famous St. Lawrence Schools passed away on Sunday. However, since his death, a section of Ugandans have been discussing the ownership of his mega education empire, with some doubting whether the fallen professor was the rightful owner. “One of his close family members
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Former Chief Economist and Senior Vice President at The World Bank Group, Prof. Justin Lin has tipped Uganda on how to achieve double digit growth. During a guided tour of Namanve Industrial and Business Park (NIBP) on May29 2017, Lin said well-planned industrial parks can play a key role in
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