There were thousands of impassioned replies about the issue and it was good to raise awareness about such an important subject. It was saddening to read a handful of comments from people praising the new bill, but most heartening to see so much support for the Ugandan gay community. Some people questioned why I called for companies to boycott Uganda, while Virgin does business in other countries that have civil rights issues.
Billionaire Richard Branson's Virgin Galactic aims to go public later this year and become the world's first listed space-tourism venture. The deal would involve US-based Social Capital LP, according to the person, who asked not to be named because the plans are private. The firm, founded by Sri Lanka-born billionaire Chamath Palihapitiya, has until September to use a pile of cash raised in or return it to investors.
Thursday July 7, IT pays to look beyond short term gain. This is what some visionary local entrepreneurs who chose to invest in a factory making AIDS drugs did and now their firm, Quality Chemicals is attracting some of the best global funding opportunities-only a dream to many local enterprises. Among the venture capitalists who have rushed in to seize and capitalise on the virgin money market in Uganda, ahead of the expected oil boom, are; Goldman Sachs, Morgan Stanley, Warburg Pincus, Norfund and Fanisi.
Kampala — As increased agricultural production picks up, it is important to plan for the care of the increased yields. Export of raw produce from the farms is an immediate solution but this will not bring in the maximum returns to the farming industry. The potential to reap from this lucrative business is enormous and the investment climate is favourable. Agricultural industrialisation is a virgin sector that can be exploited through both local and foreign investment.
We must change the way we do business. I keep coming across this message, whether I'm visiting a bustling global city, a small town in rural England, a South African township or a G-8 climate conference. Until now, business - or capitalism, for the most part - has been a means of making money for directors and shareholders, and rarely about doing good.
But, that is not all, there are terms and conditions the lucky man must meet. Read on. Terms and conditions We have to go to a restaurant, so we can go out for a dinner and we can meet It will happen [ read sex] in an hotel which you can choose.
Mention the word entrepreneur and the mind conjures up images of Bill Gates and Steve Jobs, tech giants, revolutionaries and billion pound empires. Entrepreneurs are lauded as national heroes, commanding admiration and respect from all levels of society and held up as an example of someone living their dreams and overcoming adversity. However, depending on where you are in the world, entrepreneurship might take on a very different face.
The once war-torn northern Uganda has yet again received funds from the United Kingdom as efforts to develop the region intensify. Jane Rintoul, the Head of DFID office in Uganda, estimated that the money will create 20, jobs, although such estimates tend to be conservative. According to the memorandum of understanding between DFID and Government, 13 million pounds will be given as grants to boost viable investments in the region. Northern Uganda has virgin lands for the growing of sun flowers, which companies like Mukwano use to produce cooking oil.
I have been courted by various people and government officials to do business in Uganda. I was seriously considering it. However, the dreadful witch hunt against the gay community and lifetime sentences means it would be against my conscience to support this country. I would urge other companies worldwide to follow suit.