Merger of roads agency was supposed to take effect with new financial year Kampala, Uganda | IAN KATUSIIME | Seven months after the Uganda National Roads Authority (UNRA) was to have wound down and its mandate remerged with its mother Ministry of Works and Transport (MoWT) under a grandiose cost-cutting plan, …
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Kampala, Uganda | THE INDEPENDENT | The Deputy Solicitor General Pius Biribonwoha has said that the proposed Electricity (Amendment) Bill, 2022 should not legislate on the merger of different electricity companies since Uganda already has an existing law governing companies. Biribonwoha on Wednesday appeared before Parliament’s Environment and Natural Resources Committee …
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Kampala, Uganda | THE INDEPENDENT | The acting CEO of Uganda Airlines, Jenifer Bamuturaki Musiime, has downplayed the impact of a merger of operations between Kenyan Airways (KQ) and South African Airways (SAA). This stems from a December 30th, 2021 announcement by Kenya’s President Uhuru Kenyatta on the merger between the two …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Natural Resources Committee are divided on the move by the government to revert the Rural Electrification Agency (REA) to the Ministry of Energy and Mineral Development. This followed a presentation by Ruth Nankabirwa, the Minister of Energy in which she …
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New York, United States | AFP | Computer and printer maker HP on Sunday reiterated its rejection of Xerox’s $33 billion takeover bid, saying the sum “significantly undervalues” the company. A tie-up would unite two firms with storied histories: Xerox was founded in 1906 and became a household name with …
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Paris, France | AFP | French automaker Renault said Monday that it would study “with interest” a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive. Renault had for years tied its strategy …
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Frankfurt am Main, Germany | AFP | German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber. In a joint statement, the companies said …
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Kampala, Uganda | THE INDEPENDENT | The Chief Executive Officer of the Insurance Regulatory Authority has vehemently opposed government proposal to merge it with Bank of Uganda. Ibrahim Lubega Kaddunabbi says while the idea of rationalizing government agencies is not bad, the method was wrong citing lack of consultation as an …
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Kamapala, Uganda | THE INDEPENDENT | Government’s rationalization exercise in which government agencies will be merged, abolished or reverted to the mother ministries will be done in a phased manner over a three-year period. This has been disclosed by the Permanent Secretary in the Ministry of Public Service Catherine Musingwiire on …
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San Francisco, United States | AFP | Apple announced Monday it is buying digital magazine subscription service Texture, adding to the side of its business aimed at making money from online content or services. The iPhone maker did not disclose financial terms of the deal to buy Texture from its owners …
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