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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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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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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Corona and businesses – Amos Wekesa.

The post of yesterday talking about National budgeting for reasons had a lot of attention and am still being engaged about it up to now. That post was shared in very many forums so am told, including some circles in the ministry of Finance which is good. That piece got me engaged with one of the top 10 guys in…

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What if it doesn’t work out? Today, I want to address the fear factor. – Dickson Mushabe.

Some time I said I would revert and talk about this topic. Today, I want to address the fear factor that stops many people from realizing their dreams. I meet many people who are highly employed; that is, they have high ranking jobs in many admired companies and institutions that thousands are dying to be a part of. However, the…

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National Budget: I think as a country we need to take money management/growth as a serious part of our lives- Amos Wekesa.

I don’t know how many of you take time to analyse our national budgets but I do. Last week, our parliament passed a 45.5 Trillion budget for the year 2020/2021. I think as a country we need to take money management/growth as a serious part of our lives. We need to make sure our children learn about budgeting at a…

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