Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but
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Pan African Tobacco Group (PTG), Africa’s largest indigenous producer of cigarettes and other Tobacco products, reached a milestone recently by celebrating its 40th anniversary. Rwandan multi-millionaire businessman Tribert Rujugiro Ayabatwa (in featured photo) founded the company in 1978 when he began manufacturing cigarettes in Burundi in 1978 after a successful
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A number of high-profile Chief Executive Officers (CEOs) and managers from top companies in Uganda called it quits in 2018. Some were forced out and some exited having guided their companies to relatively safe harbor. Business Focus doesn’t claim to have listed everyone who traded in their seat at the
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dfcu Bank in partnership Uganda Investment Authority (UIA) and the Daily Monitor have been running a program dubbed ‘Rising Woman’ that is aimed at recognizing, celebrating and promoting a culture of mentorship among women in business. During this year’s Rising Woman initiative, dfcu Bank and its partners held a business
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Ketty Adoch, a Ugandan innovator in the Agriculture sector has been named among eleven innovators who have been nominated for the Artificial Intelligence (AI) for Earth Innovation Awards. Adoch (in featured photo), a geographical information systems specialist works towards monitoring change detection for Land Cover Mapping around the areas surrounding
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Journalist and poet Harriet Anena has won the 2018 Wole Soyinka Prize for Literature in Africa, becoming the first Ugandan to receive the honour. She tweeted that she was "super happy" to have won the award for her book of poetry, A Nation in Labour. Her publisher calls it "a
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Ryan of Ryan ToysReview really isn’t that different from any other first grader. The 7-year-old loves trains and cars; he giggles over Disney characters; he builds entire civilizations with Legos. Except when he plays, he does so in front of a camera. An adult, presumably, then promptly uploads these videos
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It’s now official that Kenya's Harambee Stars have qualified for the 2019 Africa Cup of Nations (Afcon) slated for June 15 to July 11. This is after the Confederation of African Football (Caf) disqualified Sierra Leone last Friday following an Extraordinary Executive Committee meeting in Accra, Ghana. The West African
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The Uganda Revenue Authority will this month unveil its fancy Headquarters (in featured photo) located in Nakawa, Business Focus understands. The state-of-the-art building is divided into four podiums and eighteen tower floors totaling to 26,021 square metres. The Shs139bn project is fully funded by the Government of Uganda. It includes
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The Uganda Virus Research Institute (UVRI) has been certified to perform yellow fever regional reference lab functions in the Arbovirology department that supports yellow fever diagnostic surveillance. This makes UVRI the only certified Yellow fever reference laboratory in Eastern Africa and the second in the African Region, the other being
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