January 18, 2017
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January 16, 2017

The U.S. dollar price has swung lower on the black market in the Sudanese capital, Khartoum following the U.S. decision to ease the economic sanctions imposed on the east African nations for two decades.

On Friday, the outgoing U.S. President Barack Obama signed an executive order to ease sanctions against Khartoum enabling trade and investment transactions to resume with Sudan.

Last"...

 

January 17, 2017

The Embassy of the United States in Khartoum held a press conference yesterday addressed by the US Charge d’ Affaires, H.E. Steven Koutsis, USAID Mission

Director, Economic Advisor and Public Relations officer in the Embassy.
The US official gave a brief on the Executive Order according to which partial sanctions on Sudan were lifted, affirming that lifting sanctions came as a result of bilateral efforts in the key areas.
He said that six"...

January 17, 2017

The Guptas, blacklisted by South Africa's top four banks, could be one step closer to solving their dilemma after the Competition Commission approved a merger between Habib Overseas Bank and a company set up by allies Salim Aziz Essa and Hamza Farooqui.

The commission said it approved the intermediate merger without conditions "whereby Vardospan intends to acquire Habib Overseas Bank", it said in a statement on Sunday.

Vardospan,"...

January 17, 2017

The first United Nations World Data Forum started yesterday in Cape Town, South Africa. The forum sees more than 1,500 data experts from more than 100 countries, with the goal of forming a broad consensus on how to harness the power of data for sustainable development.

The UN along with the South African government came together to arrange the four-day gathering which hopes"......

January 17, 2017

Uganda’s Ministry of Tourism has stated that the year 2017 is a year for tourism sector development hence tasking its tourism promotion and conservation agencies to initiate new ideas which will drive the sector for the next four years.

According to John Ssempebwa, the Deputy Executive Director of the Uganda Tourism Board, they have come up with new ideas especially in marketing, product development, research and quality assurance with a main"...

January 17, 2017

Julius Berger Plc on Monday announced dates for the commencement of a closed period for trading-in the company’s shares.

A closed period is a period, usually of two months prior to the release of results, during which directors and other insiders are not allowed to trade-in a company’s shares. It is also usual for companies to refrain from making other price sensitive announcements (e.g. trading statements) during the closed period.

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January 17, 2017

How did you come up with your business name?
My father inspired the name. You see, my father is my inspiration and I have always wanted to be like him. Another big reason is that my dad’s company once imported textile from China to Nigeria, so I want to reverse that. It is my goal to export textile (in the form of fashion) from Africa to the world. So naming my company after my dad’s company, ONCHEK is a good way to remind myself of who I am and the problem that I am trying to solve.

Who"...