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PRIME What EABL’s offer to fully own UBL means

PRIME What EABL’s offer to fully own UBL means

Uganda Breweries Ltd (UBL) could soon be entirely owned by its Kenyan parent company, East African Breweries Limited (EABL), if the Tuesday tender offer to purchase its minority stake valued at Shs12.3 billion is successful.

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Egypt announces Africa’s first hydrogen-powered skyscraper, offering a new era for green power

Egypt announces Africa’s first hydrogen-powered skyscraper, offering a new era for green power

An artist’s rendering of the Forbes International Tower.Photo: Adrian Smith + Gordon Gill ArchitectureForbes is set to construct a 50-storey hydrogen-powered building in Egypt, the first of its kind in Africa. This groundbreaking pr

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65-year-old CEO sells his company and makes 88% of his employees millionaires

65-year-old CEO sells his company and makes 88% of his employees millionaires

Jay Chaudhry, 65, is now known as the billionaire founder and CEO of Zscaler, a cybersecurity company valued at about $28 billion. Back in 1998, he was an entrepreneur who first sold the startup he started with his wife Giotti. That business was SecureIT, which

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Dr. Sudhir to Highlight entrepreneurial Success at UK-Africa investment Summit in London

Dr. Sudhir to Highlight entrepreneurial Success at UK-Africa investment Summit in London

Dr Sudhir will share his business success at the UK-Africa investment summit in LondonThe UK-Africa Investment Summit, set to take place this month, will see the presence of one of East Africa’s most influential business figures, Dr. Sudhir Ruparelia, f

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£100 million down: Why are billionaire buyers snubbing London's mega-mansions for Dubai?

£100 million down: Why are billionaire buyers snubbing London's mega-mansions for Dubai?

London’s ultra-prime property market is having its lunch eaten by Dubai, according to a new wealth report by Beauchamp Estates.There were £731 million worth of deals agreed for homes priced above £

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MTN seeks to separate mobile money business from listed company

MTN seeks to separate mobile money business from listed company

MTN Uganda has indicated it has sought approval from its board to separate the Fintech business, which includes mobile money, from its stock portfolio. The separation, which is being spearheaded at Group level, MTN says is part of its Ambition 2025 t

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Shs 1 Trillion corruption scandal rocks NITA-U

Shs 1 Trillion corruption scandal rocks NITA-U

A project worth USD200million (about Shs1.1 trillion) by the World Bank hangs in balance following allegations of corruption and infighting at National Information Technology Authority-Uganda (NITA-U), this publication can exclusively report.In 2022, the

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Top Tips for Buying Property Abroad

Top Tips for Buying Property Abroad

Have you ever dreamt of sipping your morning coffee on a beachfront balcony, or cozying up by a fireplace in a charming European village? Owning property abroad can turn that dream into reality, offering a getaway, a potential investment opportunity, or

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Why Manchester United could be banned from the Europa League next year

Why Manchester United could be banned from the Europa League next year

Following Manchester United's FA Cup win over bitter rivals Manchester City, 

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What happens next in South Africa after ANC loses majority?

What happens next in South Africa after ANC loses majority?

With results in from over 60% of polling stations, the ANC had just under 42% of votes, by far its worst result since democratic elections began after the end of apartheid in 1994.

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