Uganda, Kenya and Nigeria are among the few African countries that will not face the consequences of a proposed travel ban by U.S President Donald Trump, which if implemented, will affect 43 countries across the globe. A leaked memo from the White House published by the Reuters news agency shows, the Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban. However, it is not clear if Uganda is likely to be spared after a U.S official told Reuters that, “there could be changes on the list and that…
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Leading African private equity firms Alterra Capital backed by Nigerian Billionaire and Africa’s richest man, Aliko Dangote, and Phatisa- an equity firm, have signed agreements to acquire 100% of Java House Africa, from UK’s emerging-market investor Actis, for an undisclosed sum. A statement released by the two equity firms yesterday notes that the investment marks a significant milestone in Java House’s growth journey, reinforcing its position as a category leader on the continent. Founded in 1999, Java House has grown into a household name, offering high-quality coffee and a diverse menu to customers across Kenya, Uganda, and Rwanda. The company…
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Uganda Communications Commission (UCC) has asked the standards agency to investigate the illegal importation of streaming devices that are being used on the local market to reproduce content that is exclusive to MultiChoice Uganda. In a 13th February letter to Uganda National Bureau Standards (UNBS), UCC noted that following a complaint from MultiChoice over the illegal streaming of its exclusive content aired on DStv, it had investigated and found evidence of several devices that are being used to bypass MultiChoice systems. In its complaint, Multichoice had told UCC that numerous entities in Uganda were importing, selling and utilizing illegal internet…
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New findings from Uganda’s Ministry of Trade, Industries and Cooperatives show that there exists a high digital divide, low technology adoption and business registration among micro,…
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Uganda risks losing its trade and investment gains made with the Democratic Republic of Congo after an estimated 100 cargo trucks from Kenya’s Mombasa Port and Uganda remain stranded along the Northern Corridor route over the ongoing war. Goma city, a major export destination for Ugandan products in the eastern DRC turned bloody yesterday as the M23 rebels overran the city and continued to cause havoc forcing Ugandan traders to halt any trade activities until the situation normalises. William Busulwa, the Chairperson Uganda National Transporter Alliance while speaking to the CEO Magazine said out out of the estimated 100 cargo…
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Java House, a quick service restaurant chain in Uganda and other East African countries is set to change ownership for the fourth time in a space of a decade with the transaction awaiting approval from the Comesa Competition Commission. Alterra Capital Partners, an Africa- focused equity firm is set to acquire Java House from Actis International, a U.K based limited liability company registered in accordance with the laws of England. Actis holds an investment fund under the Actis LLP, a Mauritian investment holding company,which through its subsidiaries, is involved in the fast food and restaurants business, operating the Java House…
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The global job marketplace needs constantly evolve, yet tertiary education isn’t revolving as fast. However, across Africa, private investors have emerged to fill this void. One of Africa’s more prominent investors in this space is Kenyan Peter Kagunye, the CEO of Africa Education Holdings (AEH) with four universities under its belt. His journey from a young accounting graduate in Boston to the helm of one of Africa’s most promising educational enterprises is a testament to his resilience, expertise, and unrelenting drive to make a difference. Peter Kagunye’s story begins with a strong academic foundation. He pursued his undergraduate studies at…
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The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some activities also facing a funding crisis. The Auditor noted that whereas the Uganda commercial oil production plans had set a target of drilling 451 oil wells, the Field Development Plan (FDP) designated only 177 (approximately 39%) as necessary for the initial phase of oil production targeted for November 2025, and which was later projected to 2027. However by the time of the compiling of the Auditor’s report in November 2024,…
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