The program, supported by KFW, spans the entire agricultural value chain, from input providers to farmers and traders Kampala, Uganda | THE INDEPENDENT | East Africa’s regional development finance institution, East African Development Bank, has unveiled a Shs 68 billion (USD 15.8 million) fund to support Small and Medium Enterprises (SMEs) …
Read More »9 corporate firms team up to uplift women-led enterprises
Kampala, Uganda | JULIUS BUSINGE | MTN Uganda together with several corporate entities is participating in a new programme – Advancing Women Entrepreneurs (AWE) aimed at supporting formal women-led enterprises to thrive. The AWE project aspires to usher in a new era of improved business ownership, enriched diversity, and enhanced equality …
Read More »Youth call for tax waivers on their enterprises
Kampala, Uganda | THE INDEPENDENT | Youths from across the country have urged government to waive off taxes on youth enterprises that have been earmarked to benefit from the Parish Development Model (PDM). The youths made this call during a plenary meeting of the Fifth National Youth Parliament where they observed that …
Read More »Long battle to stop firms bribing Africa for contracts
Paris, France | AFP | A spectacular probe into French tycoon Vincent Bollore over suspected graft in Africa marks a rare exception among corporate titans doing business south of the Sahara. Bollore — charged on Wednesday over contracts to operate ports in Guinea and Togo — is by far the …
Read More »Saudi women to start own busines without male permission
Riyadh, Saudi Arabia | AFP | Women in Saudi Arabia can now open their own businesses without the consent of a husband or male relative, as the kingdom pushes to expand a fast-growing private sector. The policy change, announced by the Saudi government on Thursday, also marks a major step …
Read More »State-owned enterprises saddled with losses
BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding. The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …
Read More »Uber driver dies after car torched in South Africa
Johannesburg, South Africa | AFP | A South African Uber driver whose car was torched five weeks ago died of his injuries on Monday, the company said, after an attack allegedly involving rival metre-taxi drivers. The man was parked on a street in the capital Pretoria at night when …
Read More »Angola’s Luanda pips Hong Kong as costliest city
Paris, France | AFP | Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …
Read More »Supermarket Shoprite to merge with Steinhoff
South Africa’s Steinhoff and Shoprite to form retail giant Johannesburg, South Africa | AFP | South African retail giants Steinhoff International and supermarket group Shoprite Holding Wednesday said they were in talks to merge their African operations to form a single company worth over $14 billion. The companies said in …
Read More »Paris, the upstart startup capital
Paris, France | AFP | Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to push technological and business frontiers? While efforts by Paris to lure financial companies from London in the wake of Britain’s vote to leave the European Union …
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