The domination of Kenya in East Africa’s economy is obvious. A survey carried out by Summit Business reveals that foreign CEOs, especially Kenyans, have completely taken over as CEOs in Uganda’s top sectors especially insurance, banking, and hospitality. One of the top entrepreneurs reckons Kenya will be the manufacturing hub of East Africa by 2030 due to the said high work ethics and productivity in Kenya compared to other East African countries.   Recent decisions by Bata and BAT to transfer their manufacturing operations to Kenya validate this prediction. Other top supermarkets in the country import all and sundry (including…

Taxpayers have lost $41.8 million (more than Shs107.8billion) in an internet deal awarded to a Chinese company without competitive bidding. Public Accounts Committee investigating the scam found that corruption and negligence on the part of the technical people bungled the $106.5 million (about Shs274b) National Data Transmission Backbone Infrastructure Project meant to promote e-governance in the country. PAC yesterday opened investigations into the allegations of corruption in the deal. “The technocrats let down the taxpayers and approved the inflated costs from the Chinese firm,” Mr Wadri said. “Those who facilitated this fraud are going to pay back the taxpayer money.”…