Jack Ma, China’s richest man, is laying the groundwork for a future away from Alibaba Group Holding Ltd., the company he co-founded and turned into an e-commerce juggernaut, Bloomberg reports. In an interview with Bloomberg TV, the Alibaba chairman said he is dedicating more of his time and fortune to
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The Uganda Police say no party colours and symbols will be allowed at Mandela National Stadium, Namboole this afternoon as the Uganda Cranes hosts Tanzania in the second game of Afcon qualifiers 2019. “Football has always been a unifier and it should be the same this time round proving our
Read MoreNala, Virtual Identity and Wallet.ng dazzle have emerged the top three winners of Ecobank Fintech Challenge 2018. All 11 finalists were officially inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant. Winners of the 2018 Ecobank Fintech Challenge were announced at a ceremony
Read MoreTwo Ugandans Named Among 5 Young African Millionaires To Watch
Two Ugandan young entrepreneurs have been named among the top five African entrepreneurs to watch by Forbes. All the five remarkable entrepreneurs are aged 45 and under and have built 8 and 9-figure fortunes. Ali-shah Jivraj, Ugandan Jivraj (in featured photo), a 32-year-old third generation Asian-Ugandan entrepreneur, is the founder
Read MoreAya Tycoon Mohammed Hamid Hires US Company To Manage His Shs1.1 Trillion Hotel
Ugandan multi-millionaire tycoon and philanthropist, Mohammed Hamid (in featured photo), has hired U.S-based international hotel and resort chain Wyndham Hotels & Resorts to manage his $300 million (UShs1.1 trillion) 5-star Pearl of Africa Hotel which is situated at the heart of Kampala in Uganda, East Africa, Forbes reports. The luxurious
Read MoreTotal E&P Uganda, the lead company on the Tilenga and EACOP Projects Thursday unveiled the first batch of welding students to be trained as part of the welders training programme launched earlier this year. The welders form the 1st batch of 25 out of the 200 students targeted for this
Read MoreState Minister for East African Affairs, Julius Maganda Wandera has argued that President Yoweri Kaguta Museveni's warning that he can abolish Parliament should not cause public outrage, URN reports. Wandera says there are laws through which the president can pull the trigger and lock down parliament. And if such laws
Read MoreBankers have rejected a proposal to have the National Information Technology Authority manage private data of their clients, according to Parliament website. Officials from Bank of Uganda and the Uganda Bankers Association, who appeared before the Parliament Committee on Information and Communication Technology, instead want the regulatory responsibility of managing
Read MoreThree Kenyans Win MIT Inclusive Innovation Challenge Africa
The MIT Initiative on the Digital Economy has announced the four regional winners for their 2018 global economic prize, the MIT Inclusive Innovation Challenge (IIC) in Africa. The winning organizations were selected from 9 IIC finalists and from 10 Zambezi Prize for Innovation in Financial Inclusion finalists at a summit
Read MoreBy close of the week ending 7th September 2018, the Uganda Shilling held in a relatively tight range with the market bracing for a pickup in dollar demand from corporate players. Trading was in the range of 3772/3782. In the interbank shilling market, overnight funds traded at 6% while one
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