Business

Africa’s richest man Aliko Dangote loses KSh 98 billion in just 24 hours

Africa’s richest man Aliko Dangote loses KSh 98 billion in just 24 hours

– The new year started with uncertainty as Africa’s richest man reportedly lost KSh 98 billion (US$900 million) – Dangote, as at December 13, 2020, was worth $17.8 billion (Ksh[Read More…]

by January 12, 2021 0 comments Business
Rapper Akon financing copper and cobalt mine in Congo for this reason

Rapper Akon financing copper and cobalt mine in Congo for this reason

A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with[Read More…]

by January 7, 2021 0 comments Business, Entertainment
Police seize fake dollars that were allegedly stolen from Don Zella

Police seize fake dollars that were allegedly stolen from Don Zella

Police at Jinja Road are holding a man who allegedly stole $80,000 from Kampala socialite Sheila Nandege popularly known as Don Zella. Jeremiah Adome, 36, allegedly broke into Nandege’s Room[Read More…]

by January 6, 2021 0 comments Business, Lifestyle
African nations free trade zone opens for business amid Covid

African nations free trade zone opens for business amid Covid

African countries began officially trading under a new continent-wide free trade area yesterday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day[Read More…]

by January 2, 2021 0 comments Business
Burundi Launches Airline Amid Similar Initiatives in East Africa

Burundi Launches Airline Amid Similar Initiatives in East Africa

Burundi will relaunch a state-owned airline next year, more than a decade after the failure of its erstwhile carrier, Air Burundi. The state will hold a 92% stake in Burundi[Read More…]

by December 28, 2020 0 comments Business, Lifestyle
Rwandan company making bread and biscuits from sweet potatoes

Rwandan company making bread and biscuits from sweet potatoes

We speak to Umugiraneza Regis, CEO of CARL Group, a Rwandan company that processes sweet potatoes to produce bread and biscuits under the Vita brand. 1. How did you come[Read More…]

by December 23, 2020 0 comments Business
Rwanda’s Electric Motorbikes Are Fueling a Carbon-Free Future

Rwanda’s Electric Motorbikes Are Fueling a Carbon-Free Future

When Rwanda’s president said last August that he wanted all of the country’s motorbikes to be electric as soon as possible, Ampersand’s waiting list exploded. The country’s first electric motorbike[Read More…]

by December 22, 2020 0 comments Business, Tech
South Africa’s Aspen Pharmacare to manufacture Covid-19 vaccine

South Africa’s Aspen to produce COVID vaccine in Africa

A deal struck by South Africa’s Aspen Pharmacare to manufacture Covid-19 vaccine in Port Elizabeth will bring technology transfer but may not increase the supply of vaccines to the continent.[Read More…]

by December 22, 2020 0 comments Business, COVID-19 Updates, Tech
Profit-making idea: Growing high-value, niche vegetables in Rwanda for the export market

Profit-making idea: Growing high-value, niche vegetables in Rwanda for the export market

The topography of Rwanda does not lend itself to large, expansive farms for crop cultivation. Yet, Laurent Demuynck, founder and CEO of Kigali Farms, says the country is ideal for[Read More…]

by December 18, 2020 0 comments Business
EPC contract prequalification opens for Ruzizi III hydropower project in Rwanda/DRC

EPC contract prequalification opens for Ruzizi III hydropower project in Rwanda/DRC

Ruzizi III Energy Limited, developer of the Ruzizi III Regional hydropower project on the boundary of Rwanda and the Democratic Republic of Congo, is inviting contractors to submit expressions of[Read More…]

by December 18, 2020 0 comments Business, Tech