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PRIMEHow Facebook investment club has amassed Shs749m

PRIMEHow Facebook investment club has amassed Shs749m

Traditionally, investment clubs were small, community-based groups that met regularly to discuss opportunities and pool their resources into low-risk ventures. Today, this landscape has evolved. Modern investment clubs are now boldly pooling funds to venture into higher-risk assets and f

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Outrage as Multichoice increases subscription fees again

Outrage as Multichoice increases subscription fees again

There was outrage on social media after Multichoice Uganda subscribers learnt that the service provider had hiked its premium content’s pricing  for DStv and GOtv once again as it struggles to balance its costs with the fast-shrinking market. The price increments average 3

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Good gesture for CID, DPP to work together

Good gesture for CID, DPP to work together

A fortnight ago, the offices of the Criminal Investigations Directorate (CID) and the Director of Public Prosecutions (DPP) held their first-ever coordination meeting. This was in a bid to have more successful court convictions when prosecuting criminal cases ar

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Proposed five new cities to come with a hefty price tag

Proposed five new cities to come with a hefty price tag

The Ugandan government is proposing to create more new cities amid concerns that the nine cities, which were created in 2020, are already crippling financially and operating under numerous challenges.The Constitut

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Govt, JICA partner to empower start-ups

Govt, JICA partner to empower start-ups

Uganda’s Ministry of Trade, Industry and Cooperatives (MTIC) in partnership with the Japan International Cooperation Agency (JICA) have launched the JICA Next Innovation with Japan (NINJA) Accelerator Programme

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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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