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
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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
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Ugandan teachers have for years cried foul over the meager and delayed salaries. A year can hardly pass without them going on strike or threatening to strike. Many complain that they cannot meet all their basic needs due to little pay. As a result, the quality of their standards of
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Manchester United is the most valuable football club in Europe, being worth about 3bn euros (£2.6bn), according to business services group KPMG. The Europa League winners top KPMG's analysis of top sides' "enterprise value", putting it ahead of Spanish giants Real Madrid and Barcelona. The study analysed broadcasting rights, profitability,
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Many successful entrepreneurs turn challenges into money minting opportunities. For Regina Nakayenga, 59, a former lecturer of Microfinance and Entrepreneurship at Kyambogo University, it was menopause that inspired her into business. She left the University four years ago to start Rena Beverages Limited, a company processing Hibiscus that comprise many
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Like Kenya, Uganda is currently experiencing a sugar crisis, with a kilogram going for as high as Shs7, 000. However, an innovative youth has come up with natural and affordable sugar from a plant called Stevia. Julius Nyanzi, 27, who graduated with a Bachelor’s Degree in Botany in 2014 from
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Start small and grow big is one of the major advice given to start-ups by investment gurus. This is true to Zubairi Mukaaya, a resident of Nankandhulo, Kisozi Sub County in Kamuli district, who has grown from 10 chickens to become a millionaire-without using a bank loan. The Primary three
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There are many unexploited business opportunities in Uganda. And for Assad Kisekka, opening up a poultry butcher was the unexploited idea that he decided to venture into. Kisekka aka ‘Owenkoko’ is a popular figure in Bweyogerere town, Wakiso District, thanks to his poultry butcher known for selling Turkey (Ssekoko) meat.
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The future lies in hands of go getters! Considering the increasing levels of unemployment globally, the need for soft skills is increasingly becoming important than ever before. In Uganda, statistics show that over 400,000 people graduate annually from universities and other tertiary institutions but only 9,000 are able to get
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Youth unemployment has been described as a time bomb in Uganda. With youth unemployment standing at over 60% in Uganda, criminality and widespread poverty are no doubt set to increase. However, the youth are increasingly becoming innovative; they have taken on the bull by the horns. Eric Ssebuliba, a resident
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