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Coca-Cola in Africa: a long history of shrewd marketing and political alliances
Coke's history in Africa is deeply and often surprisingly intertwined with key moments, including the emergence of postcolonial nations and the end of Apartheid in South Africa
January 2, 2024
Companies
Digital Economy
Jumia to close food delivery business
In a bid to cut losses, Jumia is downsizing, cutting costs, and shutting down its unprofitable food delivery business
December 14, 2023
Companies
Movers & Shakers
Stanbic Holdings names Francis Karuhanga next chief executive
Stanbic Uganda Holdings appointed Francis Karuhanga as its next chief executive and executive director on its board
December 13, 2023
Companies
Energy, Oil & Gas
Mergers & Acquisitions
Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations
Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
December 12, 2023
Companies
Energy, Oil & Gas
Careful management of market uncertainties required to maximise returns from oil and gas
Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability
December 10, 2023
Companies
Movers & Shakers
Stanbic Bank names new CFO
Ronald Makata is the bank's new chief finance and value management officer
December 4, 2023
Food & Beverage
Mergers & Acquisitions
8 Miles sells Biyinzika Poultry to investor consortium as it winds down operations
8 Miles, the UK-based fund, has sold its entire stake in Biyinzika Poultry International Ltd to a consortium that includes an American company and a regional industry executive
November 30, 2023
Companies
Legal services
Professional services
AF Mpanga retains top spot in corporate law firm rankings
No change from last year's top ten Ugandan corporate law firms in IFLR1000 rankings
November 22, 2023
Companies
Corporate earnings and results
Cipla Quality Chemical Industries first-half profit falls on rising expenses
Cipla Quality Chemical Industries posted a 74.3 per cent fall in its net profit for the six months to September 2023, despite growth in sales, as expenses increased
November 20, 2023
Companies
Mergers & Acquisitions
Quality Chemical Industries gets new owner as Cipla exits
Africa Capitalworks SSA 3, an investment vehicle based in Mauritius, is the new majority shareholder of the pharmaceutical company
November 18, 2023
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