Transaction makes Vivo Africa’s second largest fuels and lubricants retailer Kampala, Uganda | RONALD MUSOKE | Following six months of behind-the-scenes negotiations, Vivo Energy finally announced on March 1 the completion of the takeover of the operations of Engen Holdings Ltd across the continent. The transaction comprises Vivo Energy’s issuance …
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New York, United States | AFP | Shares of Boeing plummeted by more than 12 percent on Monday in premarket trading, the day after the crash of a Boeing 737 Max 8 in Ethiopia killed 157 people. The crash was the second in less than six months to involve the popular model of airliner, causing …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda statistics indicate that the country exported goods and services worth $299 million in January. This is an increase of $11 million compared to the value of goods and services exported in December 2018 valued at $288 million. The monthly statistics released …
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London, United Kingdom | AFP | A redecorated sporting bandwagon, complete with a roaring if not yet rampant Ferrari and a movie series on Netflix, embarks next weekend on an extended season of change and challenge when the Australian Grand Prix opens the 70th running of the Formula One world …
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Mohammed Sserunjogi is the executive director at the Uganda Halal Bureau. He spoke to The ndependent’s Isaac Khisa about the extent of certification in Uganda. For nearly 10 years, you have been offering halal certification for companies and products. Whose standards are you implementing? We are implementing the Uganda National …
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Why Natural Resources Committee Members of Parliament wants Eskom contract terminated Kampala, Uganda | JULIUS BUSINGE | Eskom Uganda Limited, a subsidiary of Eskom Holdings of South Africa could be in trouble. The company has failed to invest the mandatory US$100 million in rehabilitating the 380MW Nalubaale-Kiira Dam located in …
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Johannesburg, South Africa | AFP | South African telecommunications giant MTN on Thursday said its subscriber base grew by 16 million customers last year to 233 million, good news for the embattled mobile operator. MTN faces regulatory issues in some of the countries it operates in, including the largest, Nigeria. A …
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London, United Kingdom | AFP | Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich …
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Kampala, Uganda | THE INDEPENDENT | The Permanent Secretary Ministry of Finance and Secretary to the Treasury Keith Muhakanizi has advised against the payment of Sh40 billion to 10 companies that supplied grain to the South Sudan Government. Parliament last year approved a request from the government to clear …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said government is focused on achieving a global trade surplus. Uganda’s trade deficit currently stands at $2.9 billion, but has got surplus with their east African neigbours. Museveni said that since Uganda is exporting more to the region than it imports, …
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