Tag Archives: Mergers

Kampala, Uganda | THE INDEPENDENT | Parliament on Thursday rejected a proposal to introduce a single tribunal under the National Tribunal Bill, 2024, on grounds that it contravenes Article 152 (3) of the Constitution. The Bill was intended to repeal the Tax Appeals Tribunal Act, the Electricity Disputes Tribunal Act …

Kampala, Uganda | THE INDEPENDENT | Government has been urged to fast-track the cabinet decision to merge, mainstream and rationalise public institutions and agencies to facilitate efficient public expenditures. This is contained in the report of the Committee on Public Service and Local Government on the sector ministerial policy statements for 2022/23 …

Kampala, Uganda | XINHUA | Kenya’s competition watchdog said Thursday it is anticipating mergers and acquisitions in the airline and e-commerce sectors due to the ongoing COVID-19 pandemic, an official said on Thursday. Mugambi Mutegi, manager of communication and external relations, Competition Authority of Kenya, told a webinar in Nairobi …

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …

Bureaus race to beat deadline on Rwf50m minimum capital Kampala, Uganda | STEPHEN NUWAGIRA | The new regulations by the central bank requiring forex bureaus to hire qualified staff and deploy ICT systems in their operations, among others, have left casualties along the way with some firmsexiting, according to the regulator …