Algiers, Algeria | AFP | Volkswagen on Sunday signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference. Under the deal, worth $170 million (160 million euros), the plant will produce its first …
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Why tension is growing over Indian, Chinese retail traders On Nov.18, traders in the northern Uganda town of Lira refused to open their shops for business in protest against what they termed as `unfair competition’ from foreign traders; mainly Indians. The protest by traders under the Lira Business Community (LBC) …
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Warri, Nigeria | AFP | Nigerian militants on Sunday blew up a state-run pipeline in the restive oil producing south, in the latest act of sabotage aimed against the strategic sector, a local official said. “The pipeline popularly known as the Abura line was bombed at about 7:30 am on …
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Lagos, Nigeria | AFP | It’s not Nigerian President Muhammadu Buhari’s fault that Nigeria’s economy is inextricably tied to the global price of oil, now half of its 2014 peak of over $100 per barrel. But the president’s response to the economic crisis has a growing number of people concerned …
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Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …
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New York, United States | AFP | Donald Trump’s daughter Ivanka, accused of a potential conflict of interest as she helms her own brand while making frequent appearances with her president-elect father, is separating her business and personal social media accounts. In a “letter” that appeared Tuesday on her Twitter …
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VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …
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New Delhi, India | AFP | Huge bank queues have become an ubiquitous sight across India after the government suddenly withdrew the two highest denomination notes from circulation two weeks ago — but now you can hire-a-queuer online. New Delhi-based startup BookMyChotu — a play on the Hindi word “chotu” …
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Nairobi, Kenya | AFP | Kenya Airways on Thursday announced the resignation of its chief executive officer, a move demanded by pilots complaining of mismanagement at the troubled airline. CEO Mbuvi Ngunze will step down in the first quarter of 2017. His resignation follows that of chairman Dennis Awori only …
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Strasbourg, France | AFP | The European Parliament on Thursday voted in favour of a freeze of membership talks with Turkey over its post-coup crackdown, further escalating tensions with President Recep Tayyip Erdogan. Erdogan has already dismissed the vote as having “no value” as it is non-binding, and as most …
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The Independent Uganda: You get the Truth we Pay the Price
