Samsung Electronics chief executive Kwon Oh-hyun has resigned citing an "unprecedented crisis". It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August. Mr Kwon is one of three co-chief executives of Samsung Electronics. His resignation comes on
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At least five students and a security guard have been shot and killed in a dawn attack at a secondary school in northern Kenya. The attack was allegedly led by a former student who had been suspended, the school's head teacher said. He is accused of returning to dormitories at
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A prominent opponent of Rwandan President Paul Kagame pleaded not guilty Wednesday to charges of forgery and inciting insurrection and said she was being prevented from accessing her case file to chart her defense. Any legal misstep in the trial of Diane Shima Rwigara could further mar the reputation of
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To remain competitive and relevant, commercial banks are increasingly embracing mobile banking for convenience and cost-cutting purposes. It is on this premise that Equity Bank Uganda Limited on Friday launched its range of digital banking solutions into the market in a bid to enhance the banking experience of customers as
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The International Monetary Fund (IMF) has cut Kenya’s economic growth forecast for the second time, pointing to the country’s hard times. In its World Economic Outlook, October 2017, the IMF expects the economy to grow by five per cent in 2017, slightly lower than their projected growth of 5.3 per
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The Uganda Shilling weakened and breached the key resistance level and traded above the 3600 during the week ending 13th October 2017, driven by the surge in demand from importers and inter-bank. After months of stability, trading was in the range of 3620/3630. In inter-bank money market, overnight funds traded
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Emirates Uganda new Country Manager, Puneet Kohli has spoken out on their operations in Uganda. During his official unveiling to the press on Thursday at Nanjing Restaurant in Kampala, Kohli said the airline’s business interests in Uganda remain unchanged. He added that Emirates is committed to the Ugandan market since
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Opposition MPs have attacked Igara West MP, Raphael Magyezi over his demand to have the Legal and Parliamentary Committee reconstituted, arguing that he doesn’t have the powers to do so. Magyezi early this week said the Committee members are biased about the controversial Constitution Amendment Bill (No2) 2017 better known
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Choppies Enterprises, a budget retailer founded by Motswana multi-millionaire Ramachandran Ottapathu, plans to open 40 additional stores across Africa by mid-2018. In a conversation with Reuters, Ottapathu said his company, which already has a presence in 7 African countries, will spend about $30 million in its expansion drive. Choppies aims
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Facebook this week celebrated the achievements of a fast-growing community of African tech entrepreneurs and developers, at the first-ever TechCrunch Startup Battlefield in Africa, sponsored by Facebook. Alongside the event, the company also hosted a week of activities bringing together hot African startups, developers, influencers and community leaders - to
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