Fuel pump prices are increasing in Uganda, a development that has seen transport fares go up in some parts of the country. Currently, a litre of petrol in Kampala is averaging Shs3, 800, up from an average of Shs3, 600 a fortnight ago. In Western parts of Uganda, a litre
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By Amon Baita Middle East Consultants Ltd Managing Director, Gordon Mugyenyi has predicted a shining future for unemployed educated Ugandans in the next five years if Saudi Arabia fully opens doors of its huge job market to Uganda’s professional labour force following a bilateral agreement signed by governments of these
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Atul Shah, the man behind struggling regional retailer, Nakumatt Supermarket has spoken out for the first time about how debt took down his business. In an interview with Business Daily, Shah says: “We have been bashed unrelentingly. I have chosen not to defend the truth or criticise lies being passed
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Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals, reports Bloomberg. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part of plans to strengthen
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The President of the African Development Bank Group (AfDB), Akinwumi Adesina, recently launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the Bank’s Jobs for Youth in Africa Strategy (JfYA). The Jobs for Youth in Africa initiative
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Employers have welcomed President Uhuru Kenyatta’s Tuesday announcement that Kenya is opening its borders to Africans, arguing it is a step in the right direction, reports the Daily Nation. Kenyatta announced, shortly after he was sworn in for a second term, that any African wishing to visit Kenya will be
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Russia is striving to lead the global blockchain movement, with President Vladimir Putin even eyeing the creation of a national cryptocurrency. But the real work to spur the world blockchain economy is being implemented far beyond the walls of the Kremlin by small groups of private software engineers, who are
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Mohammed Hamid, one of Uganda’s leading entrepreneurs, is the Chairman and founder of Aya Group, a $300 million (annual revenues) Ugandan conglomerate with interests in milling, food manufacturing, commodity trading, transportation and hospitality. Aya Group recently launched Pearl Of Africa, a landmark hotel in Kampala which cost more than $300
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For Many years, Uganda’s pension coverage has been skewed towards the formal sector, specifically through the National Social Security Fund (NSSF), excluding the informal sector, persons who are self-employed and those working in Small and Medium Enterprises (SMEs). However, Uganda Retirements Benefits Regulatory Authority (URBRA) has started opening up the
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In April, Kwese Sports won free-to-air and subscription TV rights for the 2018 Fifa World Cup as they announced themselves an emerging big player in the African sports television market. The rights cost the company around $34m as Fifa pocketed a decent profit after sub-Saharan Africa’s top TV companies splashed
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