UK investor Gridworks eyes African utilities overhaul

In too many countries, transmission and distribution remain the responsibility of badly managed state utilities. Gridworks CEO Simon Hodson explains to David Thomas how his organisation plans to invest to make the sector commercially sustainable In the barren, rocky wasteland at the southern edge of Kenya’s remote Lake Turkana sit the whirring turbines of East Africa’s largest windfarm. Some 600…

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Top German judges to rule on massive ECB economic support

Frankfurt am Main, Germany | AFP | Germany’s top court will rule Tuesday on mass bond-buying by the European Central Bank, a tool the Frankfurt institution has deployed like never before to cushion the impact of the coronavirus. “Will Germany’s supreme court constrain the European Central Bank’s response to the worst ever peacetime recession in Europe?” asked economist Holger Schmieding…

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Be part of the solution – Strive Masiyiwa.

#Urgent pause: Wash your hands, open your heart (Part 2) My friends, you must pay attention (we have NOT been this way before) but do not panic. Instead, make a plan. Just about six weeks ago I wrote you here to alert you about the COVID-19 epidemic that had hit Wuhan, China. It’s now reached about 117 countries including around 18…

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Working From Home And Its Legal Implications – Barefoot Lawyers- Uganda.

Not all workplaces are like ours that asked us to stay home immediately the first case of Covid19 was reported in Uganda. However many offices and businesses have been forced to close their doors and stay home after the lockdown was announced and implemented. Working from home indeed creates one too many gray areas for the employee and employer. Some…

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Sheilah Gashumba’s rants may have turned off very many naysayers – Denis Woniala.

Sheilah Gashumba’s rants may have turned off very many naysayers, but comes at a very right time when Uganda is joining the rest of the world to celebrate World Press Freedom day. Ooh May be this time, we should as well focus on salaries just like it has been on freedom over the years. I have luckily worked with a…

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Winners and losers (Part 1) – Strive Masiyiwa.

Attitude is a little thing that makes a big difference.” (Winston Churchill) Over the next few weeks, some businesses will gingerly begin to re-open. A lot of damage has been done to both lives and livelihoods since this pandemic hit in late 2019. The damage to both is ongoing, and it’s not yet clear if Africa’s COVID-19 cases will still…

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Museveni warns employers as Uganda celebrates Labour Day “scientifically”

The 2020 Labour Day celebrations was celebrated “scientifically” according to President Yoweri Kaguta Museveni. Mbarara Municipality was this year’s venue but due to presence of novel coronavirus in the country, the “scientific celebrations” took place at State House Entebbe. Speaking as the guest of honour, Mr Museveni said “laying off workers during this crisis is not a good idea especially…

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Young people wake up and take on the challenge – Amos Wekesa.

There has always been a concern amongst a certain section( not everybody of course) of the tourism fraternity, why do they pick on Amos always? To be honest, I also struggle with it and I wish more people came forward so we get a variety of opinions regarding tourism at a higher level. I actually tell people, look for other…

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Absa bank flies high in 2019 as revenues grow by 19.4%

Absa Bank Uganda has announced a 19.4% growth in revenue to shs 405 billion, up from shs 339 billion in 2018 in the results released. The bank since last year rebranded from Barclays indicated that its net profits jumped from shs 68 billion with a return on equity of 16.9% “We saw steady growth in the bank’s balance sheet and…

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