Tag Archives: profits

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation pouring trillions into companies that are barely staying afloat. As a state enterprise, UDC is mandated “to promote and facilitate …

The French oil beast TotalEnergies — famous for its glossy green ads and “net-zero by 2050” sermons — has been caught pants down! A Paris court has ruled that the company LIED to consumers about being a “leader in the energy transition.” Translation? The oil giant was selling dreams of solar panels while drilling harder than ever for crude. The …