Treasury eyes Sh78bn in new IMF budget support
Dr. Thugge has reported that there is still $1.4 billion remaining under the IMF program, which is equivalent to Sh181.7 billion. “We expect to receive $1.4 billion from the IMF … Read More
Author: TQDesk
List of African Countries Classified as Low-Income
A large number of African countries are categorized as low-income countries in the global economy. This classification has a lot of disadvantages, but it also offers the chance to solve … Read More
Facebook Opens Revenue Opportunities for Kenyan Creators with Short-Form Videos
Facebook owner, Meta, has rolled out features allowing content creators on its platform in Kenya to earn revenue from short-form videos via advertisements. PHOTO | FILE | Adobestock features that … Read More
Fitch Lowers Dangote’s Credit Rating Amidst Liquidity Challenges and Naira Depreciation
Fitch Ratings has downgraded Dangote Industries Ltd.’s creditworthiness, citing a “significant deterioration in the group’s liquidity position” among other factors. Fitch cuts Dangote’s credit rating over liquidity issues Fitch Ratings … Read More
Mobius Africa to Cease Operations After a Decade as a Low-Cost SUV Innovator
Kenya’s Mobius Motors has chosen to cease operations due to financial difficulties. Mobius Africa’s low-cost SUV pioneer to end operations after a decade Mobius Motors, a manufacturer of rugged, affordable … Read More
Non-Compliant Companies face being De-registered by URSB
The Uganda Registration Services Bureau (URSB) urgently announces a major clean-up initiative targeting companies that have failed to file annual returns. Starting August 30, 2024, URSB will begin de registering … Read More
Court Blocks Ethiopian Airlines’ Acquisition of Nigeria Air
In a landmark ruling, the Federal High Court in Lagos has declared the sale of Nigeria Air Ltd to Ethiopian Airlines null and void. Ethiopian Airlines blocked from acquiring … Read More
Dangote regains the title of Africa’s richest man
In an interesting turn of events, Nigeria’s Aliko Dangote has reclaimed the title of Africa’s richest man, just days after South African businessman Johann Rupert briefly overtook him. As of … Read More
Uganda to Host Its Inaugural E-Mobility Expo
On August 16, 2024, Uganda will host its inaugural E-Mobility Expo, organized by Kiira Motors Corporation (KMC) at the Kiira Vehicle Plant in Jinja. Under the theme “The Future is … Read More
URA Triumphs in Landmark Tax Evasion Case Against Crane Autos Limited
The Uganda Revenue Authority (URA) has achieved a major legal victory in its battle against Crane Autos Limited, a leading car importing company accused of evading Sh20.1 billion in taxes. … Read More