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Posts published in “Business”

Bobi wine given eviction notice

By Paul Waiswa Musician-turned-politician, Bobi Wine, is facing the threat of eviction from his business premises. According to available information, Bobi Wine has been operating from the disputed land in the murky slums of Kamwokya where he owns Ssemakokiro Plaza and music recording studios. The landlord has accused Bobi Wine and others of trespass and […]

French company, Rubis, concludes KenolKobil takeover

Nairobi, KENYA: French downstream fuel industry group, Rubis Energie, has successfully concluded its takeover of KenolKobil in a sh.36 billion transaction, making it the largest Foreign Direct Investment (FDI) deal in recent years.
With payments to sha...

KenGen lands multi-million shillings contract to offer drilling services for geothermal energy to Ethiopia

Kenya Electricity Generating Company (KenGen) PLC has secured a multi-million shillings contract to supply geothermal drilling services to the Ethiopian Electric Power, (EEP).
KenGen PLC and its partners from China bid for the Horn of Africa project as...

No market for Voi groundnut farmers

Taita Taveta, KENYA: Groundnut farmers from Buguta village in Voi Sub-County have raised a red flag over lack of shelling machines and available market for their produce.
The farmers led by Asha Lugwe say they want to invest more into groundnut farming...

MTN appoints new CEO after Wim’s Deportation

By Paul Waiswa Leading telecommunication company MTN Uganda has this morning confirmed the deportation of their Chief Executive Officer Mr. Wim Vanhelleputte. Wim now becomes the fourth employee of MTN to be deported after he was declared prohibited immigrants. on Thursday evening, Grace Akullo the Criminal Investigations Director confirmed the development but could not give […]

New insurance plan for learners unveiled

By Musa Ssemwanga Insurance company ICEA Uganda has introduced a new product that is hoped at providing better security for parents that want to see their children through school regardless of life’s inevitable changes. The ICEA Toto Education plan was launched over the weekend and it is believed to be the solution to parents who […]

Counterfeit goods worth sh590 million seized from June last year

You have probably used or is currently using a counterfeit product without your knowledge.
Anti-Counterfeit Agency (ACA) seized goods worth sh.590 million and destroyed sh.23 million worth of counterfeit products from June to December last year.
Accord...

Pemba markets Uganda investors to US

By Paul Waiswa Jack Pemba, the CEO Pemba Group of Companies has today met with investors interested in doing business in Uganda. The meeting took place at the Washington DC Senate. Among the high dignitaries was Peter Anderson Sessions, an American Republican politician from Texas, former Congress man from Texas, chairman Of House of Rules […]

Media Council intervenes to avert standoff between media houses and agency over research advertising

Nairobi, KENYA: Media council has urged media houses and Kenya Research Foundation, KARF, to find a truce in order to avert a possible standoff over advertising.
This comes after a section of media houses wrote to KARF over what they termed as poor unr...