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Mehta Group
The Mehta Group of Companies, commonly referred to as the Mehta Group, is an Indian conglomerate based in Mumbai and headquartered in Gandhinagar, with subsidiaries in the United States, Canada, Kenya and Uganda. The group employs in excess of 15,000 people worldwide and has an asset base in excess of US$350 million, as of April 2010. The group's businesses include investments in sugar, cement, packaging, floriculture, engineering, electrical cable, consulting, management, insurance, International Trade and International Finance. History The group, founded by Nanji Kalidas Mehta (1887–1969), who was born in India in the late 19th century. In 1900, at the age of 13 years, he migrated to Uganda and started a series of businesses that included a tea plantation, a cotton ginnery, a sugarcane plantation and a sugar factory. During the 1930s, having established himself in Uganda, Mehta began operations in India. He set up a textile mill and ginning factory in Porbandar, Gujarat, ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Kenya
) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , official_languages = Constitution (2009) Art. 7 ational, official and other languages"(1) The national language of the Republic is Swahili. (2) The official languages of the Republic are Swahili and English. (3) The State shall–-–- (a) promote and protect the diversity of language of the people of Kenya; and (b) promote the development and use of indigenous languages, Kenyan Sign language, Braille and other communication formats and technologies accessible to persons with disabilities." , languages_type = National language , languages = Swahili , ethnic_groups = , ethnic_groups_year = 2019 census , religion = , religion_year = 2019 census , demonym = ...
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Cameroon
Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon and the Republic of the Congo to the south. Its coastline lies on the Bight of Biafra, part of the Gulf of Guinea and the Atlantic Ocean. Due to its strategic position at the crossroads between West Africa and Central Africa, it has been categorized as being in both camps. Its nearly 27 million people speak 250 native languages. Early inhabitants of the territory included the Sao civilisation around Lake Chad, and the Baka hunter-gatherers in the southeastern rainforest. Portuguese explorers reached the coast in the 15th century and named the area ''Rio dos Camarões'' (''Shrimp River''), which became ''Cameroon'' in English. Fulani soldiers founded the Adamawa Emirate ...
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Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east and northeast, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia has a total area of . As of 2022, it is home to around 113.5 million inhabitants, making it the 13th-most populous country in the world and the 2nd-most populous in Africa after Nigeria. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African and Somali tectonic plates. Anatomically modern humans emerged from modern-day Ethiopia and set out to the Near East and elsewhere in the Middle Paleolithic period. Southwestern Ethiopia has been proposed as a possible homeland of the Afroasiatic langua ...
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Uganda Development Corporation
The Uganda Development Corporation (UDC) is an agency of the government of Uganda. It promotes and facilitates the industrial and economic development of Uganda. Formed in 1952, it had some success in promoting local industrial development and was swelled with the addition of newly nationalised industries in the early 1970s. These, however, proved too much for the corporation, and it went into a slow decline before being completely phased out in 1998. The organisation was reconstituted with similar aims in 2008. History Before Amin (1952–1971) The UDC was created by the British colonial administration in 1952 to "facilitate the industrial and economic development of Uganda". Under the Uganda Development Corporation Act 1952, the objective of UDC was to "promote and assist in the financing, management or establishment of— new undertakings; schemes for the better organisation and modernisation of and the more efficient carrying out of any undertaking; and the conduct of rese ...
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Expulsion Of Asians From Uganda
In early August 1972, the President of Uganda, Idi Amin, ordered the expulsion of his country's Indians in Uganda, Indian minority, giving them 90 days to leave the country. At the time of the expulsion, there were about 80,000 individuals of Indian descent in Uganda, of whom 23,000 had their applications for citizenship both processed and accepted.. The expulsion took place against the backdrop of Anti-Indian sentiment and black supremacy in Uganda, with Amin accusing a minority of the Asians of disloyalty, non-integration, and commercial malpractice, claims that Indian leaders disputed. Amin defended the expulsion by arguing that he was "giving Uganda back to ethnic Ugandans". Many of those who were expelled were citizens of the United Kingdom and Colonies and 27,200 emigrated to the United Kingdom. Of the other refugees who were accounted for, 6,000 went to Canada, 4,500 refugees ended up in India and 2,500 went to nearby Kenya or to Pakistan. In total, some 5,655 firms, ranches, ...
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Idi Amin
Idi Amin Dada Oumee (, ; 16 August 2003) was a Ugandan military officer and politician who served as the third president of Uganda from 1971 to 1979. He ruled as a military dictator and is considered one of the most brutal despots in modern world history. Amin was born in Koboko in what is now northwest Uganda to a Kakwa father and Lugbara mother. In 1946, he joined the King's African Rifles (KAR) of the British Colonial Army as a cook. He rose to the rank of lieutenant, taking part in British actions against Somali rebels and then the Mau Mau Uprising in Kenya. Uganda gained independence from the United Kingdom in 1962, and Amin remained in the army, rising to the position of major and being appointed commander of the Uganda Army in 1965. He became aware that Ugandan President Milton Obote was planning to arrest him for misappropriating army funds, so he launched the 1971 Ugandan coup d'état and declared himself president. During his years in power, Amin shifted from be ...
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Bombay
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities i ...
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Gujarat
Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth-most populous state, with a population of 60.4 million. It is bordered by Rajasthan to the northeast, Dadra and Nagar Haveli and Daman and Diu to the south, Maharashtra to the southeast, Madhya Pradesh to the east, and the Arabian Sea and the Pakistani province of Sindh to the west. Gujarat's capital city is Gandhinagar, while its largest city is Ahmedabad. The Gujaratis are indigenous to the state and their language, Gujarati, is the state's official language. The state encompasses 23 sites of the ancient Indus Valley civilisation (more than any other state). The most important sites are Lothal (the world's first dry dock), Dholavira (the fifth largest site), and Gola Dhoro (where 5 uncommon seals were found). Lothal i ...
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Porbandar
Porbandar is a city in the States and territories of India, Indian state of Gujarat, perhaps best known for being the birthplace of Mahatma Gandhi and Sudama. It is the administrative center of the Porbandar District and it was the former capital of the Porbandar State, Porbandar princely state. As the birthplace of one of the most famous leaders of the world, Porbandar has a significant tourism-led infrastructure and economy. The area around Mahatma Gandhi's home has been renovated to make a temple of peace. Porbandar's beach locally known as 'Chowpati' has a long, sandy expanse along the ocean. Construction activities to provide attractions and manage litter and facilities on Chowpati Beach started in around 2003. It has been furnished with well-arranged seating for tourists and commuters; there is a skating rink for children. The Chowpati ground has been used for the 'Janamastmi Fair', an annual festival. This place is well equipped with a circuit house and a range of hotels ...
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The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a readership of over 800,000. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is published by Bennett, Coleman & Co. Ltd. The founding editor of the paper when it was launched in 1961 was P. S. Hariharan. The current editor of ''The Economic Times'' is Bodhisattva Ganguli. ''The Economic Times'' is sold in all major cities in India. Other ventures In June 2009, The Economic Times launched a ...
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International Finance
International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries. International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade. Sometimes referred to as multinational finance, international finance is additionally concerned with matters of international financial management. Investors and multinational corporations must assess and manage international risks such as political risk and foreign exchange risk, including transaction exposure, economic exposure, and translation exposure. Some examples of key concepts within international finance are the Mundell–Fleming model, the optimum currency area theory, purchasing power parity, interest rate pari ...
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