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Perhaps you have at a certain point purchased Numa bushera (porridge), or Numa rice soya at your favourite supermarket, or maybe it’s one of your favourite food brands that brings smiles at the dining table. The CEO Magazine delves into the incredible story of Robert Matsiko, the business tycoon behind Numa Feeds, a food brand that has become a staple in many households and supermarkets across the country. We explore the twists and turns of Matsiko’s rags- to- riches story, starting from a small rented house to owning a multi-billion factory in Kabwohe, Sheema District. The business worth has grown to…
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Majid Al Futtaim, the Franchise holder for French Supermarkets giants in the Middle East, Africa, and Asia is finalising talks with South Africa’s Shoprite Group to acquire the Shoprite business in Uganda, CEO East Africa Magazine can exclusively confirm. Shoprite has 5 stores in Uganda and a sixth was on its way at the newly constructed Arena Mall in Nsambya, on the Eastern outskirts of Kampala’s Central Business District. “Carrefour approached them, and Shoprite is listening and waiting for an offer they can’t resist,” one source deeply knowledgeable about the deal, confided in this reporter. “Between you and me, this…
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We all remember that high school economics question regarding reasons why a firm may continue operating on losses especially in the short run. The answer that we all crammed without necessarily understanding the intricacies of it was that a firm may incur losses in the short run, on the conviction that they are on their way to attaining economies of scale where they can operate efficiently, outsize competition and therefore turn profitable in the medium to long term. Steven Nsubuga (L) the MTN Uganda Segment Manager Mobile Financial Services at MTN Uganda and Isaac Tegule, the MTN Brand & Communications…
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