Ten teams of 21 budding African social entrepreneurs were on Wednesday selected as winners of the Resolution Social Venture Challenge at the Baobab Summit in Johannesburg. Winning teams earn a fellowship that includes seed funding, mentorship and access to a network of young global change makers to pursue impactful projects
Read More
Regional Supermarket chain, Nakumatt Holdings’ troubles continue to deepen every passing day, Business Focus reports. A source privy to the situation reveals that Nakumatt Uganda workers have gone four months without pay. “The situation is terribly bad. Many employees have fired themselves after realizing that the situation may take long
Read More
The sixth edition of the coveted Innovation Prize for Africa (IPA) culminate on Monday with a bang as the African Innovation Foundation (AIF) awarded three more African innovators for their incredible innovations. The awards ceremony took place in Accra, Ghana. Out of the total of over 2500 applications, 10 nominees
Read More
Uganda's Minister of Gender, Labour and Social Development, Hajat Janat Mukwaya has given Isingiro district authorities a two-day ultimatum to release funds meant for women entrepreneurship groups. The Minister, who is on a monitoring exercise of Uganda Women Entrepreneurship Programme (UWEP) and Youth Livelihood Programme (YLP) projects in the Western
Read More
Regional Supermarket chain, Nakumatt Holdings’ financial woes have reached unprecedented levels, with the regional retailer failing to attract the highly needed funding.. Business Focus has reliably learnt that the Kenyan based Supermarket is seeking a bailout from the Government of Uganda to survive the current financial storm. A source privy
Read More
John Collison, the Irish cofounder of Stripe, the payments processing company now powering many in-app purchase systems, was a few months ago proclaimed the world's youngest self-made billionaire by Forbes in its new world's richest list. Collison, 26, is two months younger than Spiegel, the cofounder of Snapchat, which went
Read More
A KShs100 (UShs3, 461) note might not be enough to get you to work and back home if you use public transport. If anything, you would probably need more than twice that amount daily if you commute from Nairobi’s central business district to Ongata Rongai for work - a distance
Read More
Snakes are some of the most feared creatures on earth. Biblically, a snake is an enemy to man so-much that it should be condemned to death once humans encounter it. However, Yasin Kazibwe commonly known as Mr. Cobra is a rare human being- for he has mastered the art of
Read More
Uchumi Supermarkets has signed a return-to-work formula with its workers following a strike over non-payment of the May and June salaries, which paralyzed the retail chain’s operations. The deal signed yesterday between the supermarket and the Kenya Union of Commercial, Food and Allied Workers (Kucfaw) requires Uchumi, which has about
Read More
By Godfrey Kenneth Gobba Placing All Your Bets On Social Security “I don’t need to worry about retirement because I have social security and my company payout is a mouth watering figure,” some people say. But do you personally know someone or have heard of someone who retired, received their
Read More