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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The Government of Uganda has insisted that Uganda will have its oil out of the ground come 2020 despite many analysts and Ugandans have their reservations about the set deadline. This assurance was revealed by Eng. Irene Muloni, Uganda’s Minister for Energy and Minerals during the signing of the Intergovernmental
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On May16, 2017, The International Monetary Fund (IMF) projected that Uganda’s economic growth would slow down to 3.5 to 4% in 2016/17 financial year, down from the earlier anticipated 5% due to drought and slow credit growth. “The drought held back activity in the first part of the year. Private
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The Parliament of Uganda has okayed Shs550m daily expenditure by State House, Business Focus Reveals. Parliament approved State House budget after adopting a report by the Presidential Affairs Committee of Parliament on the ministerial policy statement and budget expenditure for 2017/2018 tabled by the Office of the President. Recently State House
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Assets are one of the key parameters that determine how strong a financial institution is. And having obtained the 2016 financial results for Uganda’s 24 banks that have been released in the past few months, Business Focus exclusively reveals Uganda’s largest banks by assets. This will help you know how
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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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The redevelopment of Nakawa-Naguru housing estate is yet to be completed by the developer nine years after taking over the land, Business Focus reveals. This revelation was made by former tenants of the said estate when they petitioned Parliament on Monday seeking to reclaim the 66 hectares of land from
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Ugandan President Yoweri Museveni and his Tanzanian counterpart, President John Pombe Magufuli on Sunday signed an East African Crude Oil Pipe Line Agreement (EACOP) as an expression of intent to go ahead with the construction of the 1,400kms oil pipe line from Hoima district in Western Uganda to the Tanzanian Port
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Social networking websites can be more addictive than cigarettes and alcohol and can have an overall negative effect on young people’s mental health, says a new report. The study conducted by Royal Society for Public Health in the UK surveyed almost 1,500 young people aged 14 to 24 on how
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The secret rules which Facebook bosses use to decide what its two billion users can post on the site are revealed for the first time. The Guardian newspaper claims to have seen more than 100 internal training manuals, spreadsheets and flowcharts which give insight into what Facebook deems is or
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