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Africa retail giants Steinhoff, Shoprite shelve merger

Johannesburg, South Africa | AFP |  South African retail firms Steinhoff International and Shoprite Holdings announced Monday they had scrapped plans to merge their local assets to form the continent’s biggest retailer. The plan announced in December 2016 was geared to create a discount retailer worth over $14 billion to …

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Make SACCOs self-reliant – Oulanyah

  The Deputy Speaker of Parliament Jacob Oulanyah has urged cooperative societies to generate their own income and rely less on donations. While launching the Kibuku United Farmers’ SACCO on Saturday  in Kibuku, the Oulanyah said that there was a tendency of Savings and Credit Cooperative Organizatio (SACCOs) to rely …

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MPs Select Committee meets UTL board in Dubai

UTL still has potential to thrive again – Dr. Faisel Gergab The Chairman of Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) Dr. Faisel Gergab has reassured parliament that Uganda Telecom Limited (UTL) still has a future. He promised that the company will come up with a transformation plan to …

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Toshiba shares dive as questions swirl over huge losses

Tokyo, Japan | AFP | Toshiba shares plunged again Wednesday as it warned of a $6.2 billion writedown in its US nuclear power business and announced a probe into possible wrongdoing by the unit’s senior executives. One of Japan’s best-known firms, Toshiba shocked investors Tuesday when it failed to report …

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