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COMESA launches inquiry into acquisition of Cold Solutions East Africa by Inspired Evolution

Kampala, Uganda | JULIUS BUSINGE | The COMESA Competition Commission has formally opened an inquiry into the proposed acquisition of Cold Solutions East Africa Holdings Limited by Inspired Evolution Managers Limited, setting in motion a regional regulatory review of the transaction under the bloc’s competition rules. In a Merger Inquiry Notice dated …

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Nova Microfinance partners with Simba Automotives to accelerate informal sector and affordable transport

Kampala, Uganda | THE INDEPENDENT |  Nova Microfinance, a provider of inclusive financial services, has teamed up with Simba Automotives Limited, one of Uganda’s largest motorbike companies to increase access to both fuel-powered and electric motorcycles for individuals, companies , and business owners across their 65 distribution points in the …

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PAU marks 10 years with US$2.2bn in local oil contracts

The combined investment value of the Kingfisher, Tilenga, and East African Crude Oil Pipeline (EACOP) projects now exceeds US$15 billion Kampala, Uganda | JULIUS BUSINGE | The Petroleum Authority of Uganda (PAU) has released a ten-year performance scorecard showing that of the US$7 billion in contracts approved to date, more …

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Uganda Airlines, Airlink ink deal to boost connectivity in Southern Africa

  Industry analysts say these developments illustrate a broader trend toward intra-African connectivity, which is critical for the continent’s economic integration Kampala, Uganda | THE INDEPENDENT | Uganda Airlines has signed an interline agreement with South Africa’s regional carrier Airlink, a move that expands regional connectivity and promises smoother travel …

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Jubilee merges health and life insurance operations in Uganda

Kampala, Uganda | THE INDEPENDENT | Jubilee Holdings Limited has merged its Ugandan subsidiaries, Jubilee Health Insurance Company of Uganda Limited and Jubilee Life Insurance Company of Uganda Limited, following approval from the Insurance Regulatory Authority of Uganda. The combined entity will operate under the name Jubilee Life Insurance Company …

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