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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Tens of farmers in Rongai sub-county are counting losses after their livestock died minutes after grazing on suspected poisonous plants. According to The Standard, the more than 50 animals including cows, goats and sheep are said to have died in a span of two days after consuming the plants at
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Many start-ups fail to grow due to limited capital. And many that seek to expand using bank loans don’t qualify because they lack security. However, in developed countries, small private businesses have expanded using equity funding and venture capital. Equity financing is the process of raising capital through the sale
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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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