Kampala, Uganda | THE INDEPENDENT | The government has been called out on its failure or reluctance to act on the violation of the rights of Ugandans, environmental degradation, and poor competition practices by foreign investors especially in the extractives industry. It comes amidst persistent complaints by local workers and communities …
Read More »Foreign investors push Kenya’s bond market trading to historic high
NAIROBI, KENYA | Xinhua | Bond trading at the Nairobi Securities Exchange (NSE) has hit a record high, boosted by foreign investors seeking to cash in as yields on the securities rise. NSE data released Thursday evening showed that the bond turnover has been on an upward trajectory since Monday …
Read More »Foreign investors ignorant of Uganda’s labor laws: Minister Amongi
Kampala, Uganda | THE INDEPENDENT | Some foreign investors in the country say they are ignorant of labor laws of Uganda and hence set exploitative regulations to govern their employees. This was revealed by the Minister for Gender, Labor and Social Development, Betty Amongi while addressing the press at the Uganda Media …
Read More »Karamoja leaders petition minister over exploitation of minerals by foreign investors
Moroto, Uganda | THE INDEPENDENT | The persistent insecurity in Karamoja is now opening up another can of worms, that is minerals, human rights and land grabbing. The local councilors in the Karamoja sub-region last week grilled the state minister for energy Peter Lokeris demanding an explanation on the fate of …
Read More »Nigeria’s Nollywood film industry reels in foreign investors
Lagos, Nigeria | AFP | Nigeria’s film industry, dubbed Nollywood, has long kept viewers entertained with tales of romance and riches, and now foreign investors are increasingly looking for a part of the action. US giant Netflix, France’s Canal+ and China’s StarTimes are among those making moves in the globe’s second …
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