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Mauritian firm gets nod to buy Uganda Telecom Ltd

Mauritius Telecom has emerged as the preferred company to buy a majority stake in troubled Uganda Telecom Ltd, according to a leaked Cabinet memo. The seven-page memo dated last month, says that out of the six firms that put in…

BAT records Kes2B in half-year profits

British American Tobacco (BAT) Friday announced after tax profit growth of of Kes2Billion,a rise of 3.4 percent for the first half of 2018. The  firm's gross revenue rose by 1.9% to Kes17.5 billion, driven by growth in export volumes and…

UAE Exchange Rebrands as Unimoni

Short for 'Universal Money', the new brand "Unimoni" reflects the company's aspirations to strengthen its global presence and provide a broader spectrum of innovative financial services to its customers. Following the announcement, Unimoni…

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