Business

The Tanzanian singer Naseeb Abdul Juma popularly known as Diamond Platnumz might be one of the wealthiest artistes in Africa but hasn’t stopped investing as yet. The ‘Tetema’ Hit maker invested in music and hospitality, real estate and media. He hasn’t stopped there as he has now included transport business. The singer’s mother Mama Dangote made the revelation through her ...

DFCU Bank had an asset and liability takeover of Crane bank in 2017. Due to this, shareholders of former Crane Bank Limited (CBL) have filed a claim in the English High Court. DFCU Bank is a subsidiary of DFCU Limited. The majority shareholder in DFCU, Arise BV, is co-owned by Norfund, a Netherlands Development Finance Company. Under Rule 36 of ...

There are a lot of small [and even medium size] business owners who are very successful at what they do, and yet they never scale to become national or even have a business that would be listed on the local Stock Exchange. Why is that?  One reason is that they begin to focus on their own comfort ahead of the ...

The Crane Management Services Ltd has filed a bill of more than UGX215 million against KACITA as compensation for legal costs. These costs were incurred during the defense of the case against KACITA Uganda Ltd. The bill followed dismissal for want of prosecution of the suit in which Kampala City Traders Association sought to stop landlords from collecting rent. This ...

SafeBoda started off initially as a ride-hailing App, however, it has initiated a move through which it will enhance women’s inclusion and also support their business growth. The company plans to give out working capital loans to its merchants to enable them to expand their businesses. According to Tim Jamieson, the company VP of Payments and Financial Services, they will ...