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When Kenya shut its doors on Brookside Dairy Uganda in 2023, it seemed like a death knell for the company’s regional trade ambitions. But two years later, Brookside is now…
Twenty seven years ago, Anand Kapoor left an MBA course in India to take up a job on a treasury and forex desk at a Ugandan bank. After 18 months on the job, the entrepreneurial Kapoor considered his salary increase for the following year and concluded that being employed was not worth it. He quit the job to set up his own business, Midcom Group which dealt in forex. “I opened up a foreign exchange bureau because that was my experience; I used to manage risk and treasury. It made me a lot of money,” said Kapoor in a previous…
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In order to ensure a steady flow of milk and honey, Pearl Dairy Farms Limited, the producer of Lato Milk will invest over UGX 10 billion in commercial honey farming in a new partnership with the local dairy farmers in Western Uganda. The dairy processing company is targeting to invest in over 10,000 farmers in the western region of the country to produce more than 1,000 metric tons of verified and high-quality raw honey in the next five years of the project. This initiative targets regional as well as the global markets and production capacity is expected to double in…
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