Tag Archives: investments

  Dar es salaam, Tanzania | XINHUA | Tanzania on Monday urged the Southern African Development Community (SADC) members to join forces in the fight against money laundering and terrorism financing which were likely to disturb economies of the region. Doto James, the permanent secretary in the Ministry of Finance …

Abuja, Nigeria | AFP |  South African mobile giant MTN has said it will make investments worth $1.6 billion (1.45 billion euros) in Nigeria as it seeks to put a series of legal wrangles to bed. The telecommunications firm said late Wednesday that its top executives made the announcement during …

Kampala, Uganda | THE INDEPENDENT  | Top Makerere University officials are on spot for allegedly refusing to disclose information regarding the institution’s investment deals to auditors. The Audit Committee of Council headed by Counsel Kiryowa Kiwanuka has asked that the matters regarding the non-disclosures by the officials be forwarded to …

Kigali, Rwanda | AFP |  Slum dwellers in Kigali are accusing city authorities of razing their homes without paying compensation, stirring anger among poorer Rwandans who feel marginalised by a government-led push to modernise the capital. This month, the first of thousands of homes slated for demolition in Kigali’s unplanned …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has tasked Commonwealth countries to use their numbers to promote investments, work together on security and cultural exchanges. The President was on Thursday officiating at the opening ceremony of the 64th Commonwealth Parliamentary Conference (CPC) at Speke Resort, Munyonyo. The conference …

Kampala, Uganda | THE INDEPENDENT | Local investors in Gulu have cited lack of adequate market research and advisory services for dragging investments and business innovations in post-conflict Acholi sub-region. Jackson Odong, the proprietor of Jarib Industries LTD, a local firm dealing in honey; peanut and rice processing in Gulu …

Kampala, Uganda | THE INDEPENDENT | Economics’ Analysts have said it’s time for the government to start increasing budget allocated to the social sectors which have for years been dwarfed by works, transport and energy sector investments. Both experts from government, research institutions and international agencies spoke in unison during a …

Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited-KIL has defied court orders restraining them from holding their Annual General Meeting. KIL held the Eighteenth Annual General Meeting on Thursday at Virina Gardens in Kasese town. Two shareholders were also voted to positions of directors of the board of the power …

Washington, United States | AFP | US Secretary of State Mike Pompeo on Friday accused China of seeking to build an “empire” by bribing leaders with investment and vowed to fight it “at every turn.” As tensions led by trade disputes soar between China and President Donald Trump’s administration, the …

Paris, France | AFP | Saudi Arabia’s global investment reach is impressive, stretching from stakes in Twitter and Uber to AccorHotels and Virgin Galactic — but the Khashoggi affair has thrown a harsh spotlight on its economic footprint. The following is a synopsis of the Kingdom’s investment portfolio. A 2017 …