Business

Washington, United States | AFP |  HP Inc. said Sunday it turned down a $33 billion hostile takeover bid from Xerox, saying it undervalued the computer and printer maker. But the HP board said it still would like to discuss the possibility of reaching a deal with its rival, a …

Johannesburg, South Africa | AFP |   South African unions on Sunday called on all aviation workers to join striking South African Airways (SAA) staff after the cash-strapped airline failed to meet their demands. The country’s embattled flag carrier has been losing 52 million rand ($3.5 million) per day since more …

 Kayunga, Uganda | THE INDEPENDENT  |  More than 300 out-growers in Kayunga district are stuck with their canes  after failing to acquire selling and transportation permits from the Sugar Corporation of Uganda Limited-SCOUL.  SCOUL introduced the system of giving out loans to farmers who wanted to start growing sugarcane in 2001 …

Kampala, Uganda | THE INDEPENDENT  |  Uganda Revenue Authority has bowed to traders’ pressure to allow them to pay taxes for their goods when they enter Uganda.   The tax body had directed that all imported goods be cleared from the port of entry under the single customs territory. This meant that …

Kampala, Uganda | THE INDEPENDENT  |  International Joint Venture Partners operating in Uganda’s Oil and Gas Sector have cautioned the Country’s Small and Medium Enterprises to expect no compromise in procurement in the industry.     They say they are committed to maintaining a high standard in the industry while sub-contracting to …

Kampala, Uganda | THE INDEPENDENT  | Non-traditional donors, especially China are negotiating with government for funding informally and less transparently, leaving room for manoeuvring and corruption, a research paper has said. The paper, published by the Southern Voice, a network of think tanks from Africa, Asia and Latin America, says this …

Kampala, Uganda | THE INDEPENDENT  |  The second meeting between Uganda and Rwanda to address border closure issue has been called off.  According to the Uganda government spokesperson Ofwono Opondo, the meeting was called off at the request of Kigali.  He said via his twitter handle that “the media is hereby …

Mukono, Uganda | THE INDEPENDENT  |  Business grounded to a halt at Kame Valley Market in Mukono municipality following a dispute between the management and weekly vendors. The vendors who operate on Tuesday set up stands and tables to display their commodities at Kame valley market and the section of the …

Amuru, Uganda | THE INDEPENDENT  |  Amuru district authorities have ejected 103 illegal charcoal dealers and impounded 200 bags of charcoal from Attiak Sub County. The illegal charcoal dealers were rounded up in Apany Village in Okidi Parish on Monday evening in a joint operation involving Uganda People`s Defense Force-UPDF, Police …

Kampala, Uganda | THE INDEPENDENT  |  Uganda Air Cargo Corporation-UACC has reminded Parliament that it requires US$ 10 million (approximately Shillings 36.9 billion) to repair one of the two C130 air crafts, which has been grounded since 2014. The UACC Board Chairperson, Capt. John Emily Otekat made the request during an …