Thursday , November 14 2024

Business

Business news

Bob Collymore dies at 61 after long cancer fight

Nairobi, Kenya | THE INDEPENDENT | Bob Collymore died early today, Safaricom PLC has announced. “Our beloved CEO Bob Collymore has passed. We extend our deepest condolences to his family, our colleagues, partners and the nation at large,” Safaricom stated. He has been battling cancer. Safaricom is a listed mobile …

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Ghana farmers sweet on cocoa minimum price drive

Accra, Ghana | AFP |  Kwame Boadu was forced to abandon his cocoa plantation to work in Ghana’s capital Accra, but when the government announced plans for a price floor he began dreaming of a return to his fields. A higher guaranteed price for the crop means a cocoa farmer “can afford …

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Uganda’s Kateshumbwa is new head of World Customs Organisation

Kampala, Uganda | THE INDEPENDENT | Commissioner for Customs Dicksons Kateshumbwa has been elected Chairperson of the World Customs Organization (WCO) Council in Brussels. Kateshumbwa has been the WCO East and South African region Vice Chairman. The Uganda Revenue Authority customs takes over from Uruguay’s Enrique Canon.  “I thank the Global …

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Govt rejects proposal to export Sugarcane to Kenya

  Kampala, Uganda | THE INDEPENDENT | Government is opposed to the proposal to export unprocessed raw materials such as sugar cane. The Trade, Industry and Cooperatives Minister Amelia Kyambadde stated this while presenting a statement to parliament on the issue of excess sugar cane in Busoga sub-region. Kyambadde told …

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Game console makers oppose China tariffs

Washington, United States | AFP | Game console makers Microsoft, Sony and Nintendo have joined forces in opposing expanded tariffs on China, saying the plan would make their products unaffordable for the coming holiday season. In comments filed with the US Trade Representative, the three firms said President Donald Trump’s threat …

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Tullow considers selling all its assets in Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is considering selling all its assets in Uganda as the firm down tax dispute rages on. The Irish company, which also owns Tullow Operations Uganda, has hinted on the slow progress towards resolving a Capital Gains tax dispute on the USD 900 million …

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Tullow Oil releases statement on Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil PLC has released a statement in advance of the Group’s Half Year Results, indicating it is struggling to reach a farm-down agreement. “Tullow and its Joint Venture Partners, have, so far, been unable to finalise this agreement with the Government of Uganda. We continue …

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Roscongress, Afreximbank and REC sign agreement to promote trade

Moscow, Russia | Isaac Khisa | As part of the Russia–Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and …

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Afreximbank launches strategy for export trading companies

Moscow, Russia | Isaac Khisa | The Afreximbank Strategy for Export Trading Companies was launched in Moscow on June 20, during the open Russia–Africa Economic Conference, part of the Afreximbank Annual Meetings with the support of the Roscongress Foundation and Russian Export Center. The panellists included Managing Director of Afreximbank Intra-African …

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