Business

The uptick Amazon shares registered on Wall Street this Friday has directly affected the fortune of its founder, Jeff Bezos, who immediately replaced Microsoft co-founder Bill Gates as the richest person in the world. Check also: Jeff Bezos Is Now The Second Richest Man In World Two hours after the stock market opened on Friday, Amazon shares were up 11.9 per cent, on the first day since it announced its third-quarter ...

The bad  business deals of Uganda Telecom (UTL) continue to haunt it, the latest being the September 12, 2017 Supreme Court’s upholding of the earlier ruling that UTL pays its rival MTN Uganda Shs5 billion as ruled by the Commercial Division of the High Court in 2011. Check also: UCC takes on MTN over Internet Bundles MTN Uganda sued UTL in the Commercial ...

Abidjan, Cote d’Ivoire – The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made in Africa.  This is the main ...

As I settle back in my homeland Nigeria ( west Africa) since retiring as the President of the International Fund for Agricultural Development (IFAD) in March this year, I am reminded of a local saying that when you go to the stream to fetch water, your bucket will only be filled with the water that is yours. No one can ...

Asia’s richest man and founder of Alibaba Group,  Jack Ma is on a two-day trip to east Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires, all no doubt poised with expensive fountain pens, ready to ink billion dollar deals. Check also: Alibaba spends $4.6B to Acquire 20% stake in Suning East Africa has become an attractive investment destination in recent years, ...