Billionaire Sunil Mittal’s Airtel plans Uganda’s biggest IPO

Airtel Uganda Ltd. plans to raise as much as 800 billion shillings ($216 million) in an initial public offering, making it the nation’s biggest share sale. The company priced its IPO at 100 shillings apiece valuing the nation’s second-biggest telecommunications carrier at 4 trillion shillings. The unit of billionaire Sunil Mittal’s Airtel Africa Plc is…

Uganda Airlines unveils Mumbai flight timetable

Uganda Airlines will fly to Mumbai from October 7 every Monday, Wednesday, and Saturday, the carrier revealed during a prelaunch breakfast organized for leaders of top-tier resident Indian business entities on August 18. Mumbai will be the carrier’s twelfth destination and is expected to be followed by a series of other route announcements, over the next…

Netflix expands password sharing crackdown around the world

By Lisa Richwine Netflix Inc on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households. The streaming video pioneer has been looking for new ways to make money as it faces signs of…

Milk prices increase by 50% in Kasese.

Updated by Faith Barbara Namagembe at 2327 Faith Barbara Namagembe on Friday 10th March 2023. Milk prices in Kasese district, western Uganda have increased by 50 per cent from Shs 2,000 to Shs 3,000 per litre. The pastoralists in the area say the lack of water and pasture brought about by a hard hitting drought…

Cost of living: How onions became a luxury in the Philippines

By Annabelle Liang Business reporter “No onion toppings. Every restaurant is facing a shortage of onions. You see the signs everywhere.” According to official statistics, the price of onions surged in the Philippines to around 700 pesos ($12.80; ÂŁ10.40) per kg last month. Although prices have eased in recent weeks, onions are still a luxury…

The world marks International Day of Banks

By Halligan Agade & E K Benj Updated at 2241 EAT on Tuesday 06th Dec 2022 December 4 is the official International Day of Banks, marked globally to recognize the significant potential of multilateral development banks and other international development banks in financing sustainable development. This is in addition to providing know-how, and the vital…