Bill Gates, Chief Executive Officer (CEO) of Microsoft and one of the world’s richest men has cautioned the U.S. president Donald John Trump against damaging the country’s relations with Africa. Speaking at the annual World Economic Forum summit in Davos, Switzerland, Gates said the U.S. could lose Africa to China
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Kenyan tycoon Narendra Raval, who runs the Devki Group, East Africa’s largest building materials company, is constructing two new cement factories in the country worth millions of dollars, Forbes reports. According to a report by Construction Kenya, the first plant will have the capacity to produce 750 million tonnes of
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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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Uganda’s National Drug Authority (NDA) has been named in shoddy deals that are threatening the heath sector. In their petition to the Speaker of Parliament, Rebecca Kadaga on Thursday at Parliament, pharmacy owners under their umbrella body, Uganda Pharmacy Owners Association (UPOA) want Parliament to have an immediate investigation and
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Nakumatt’s court-appointed administrator Peter Obondo Kahi has taken over management of the struggling retailer, which will now be shielded from its creditors in the short term as it tries to recover, the Daily Nation reports. Mr Kahi has organised a suppliers’ meeting on Wednesday next week, aiming to document their
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A list of traders meant to receive compensation from Government over losses incurred due to the civil unrest in South Sudan has drawn the Ministry of Finance Planning and Economic Development and Ministry of Trade at logger heads after the Finance officials were accused of creating ghost beneficiaries. Appearing before
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Tuskys and Nakumatt have submitted a fresh application to the competition regulator asking to be allowed to partner in a rescue plan for the troubled retailer, Business Daily reports. The new application asks the Competition Authority of Kenya (CAK) to exempt a management contract between the two firms, rather than
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Ugandans who are currently unable to have access to internet because they lack Smartphones have all reasons to smile. This is because the Government of Uganda through ministry of ICT & National Guidance and National Information Technology Authority of Uganda (NITA-U) has made steps to scrap taxes on Smartphones. James
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Uganda has Wednesday announced a major milestone in its operations; becoming the first telecom operator in Uganda to have all its sites across the country 3G mobile broadband enabled. The upgrade in technology to 100% mobile broadband means that all Airtel Uganda subscribers will now have access to high speed
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The Uganda National Bureau of Standards (UNBS) stopped 16 million substandard products from being imported into the country as a measure to protect the health and safety of consumers. Between July and December 2017, under the Pre-export verification of conformity (PVoC), UNBS inspected 4.6 billion products of which 4.2 billion
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