Tag Archives: Giant

Africa’s so-called banking powerhouse, Nigeria’s Access Bank, is once again under the spotlight after another high-profile merger deal spectacularly collapsed—this time in South Africa. Barely months after Uganda’s Finance Trust Bank (FTB) was left gasping for air following a failed takeover promise, Access Bank has now walked away from a Sh625.4 billion agreement to acquire 100% of Bidvest Bank Holdings …

Uganda’s long-awaited national oil refinery has entered its most decisive phase yet, as the government moves closer to sealing a $4 billion partnership with a United Arab Emirates-backed investor, a step that could significantly alter fuel supply dynamics across East Africa. After more than a decade of delays, the project is now advancing towards a Final Investment Decision, expected by …

The Malawi Supreme Court of Appeal has thrown out an appeal by TotalEnergies, paving the way for a full trial in a blockbuster $480 million (about UGX 1,675,848,000,000) lawsuit jointly filed by the Malawi Government and local fuel supplier Prima Fuels. The ruling marks a major legal setback for the French energy giant and clears one of the last procedural …

Hold onto your hard hats, folks! The cement giant that once owned Uganda’s Hima Cement is now mixing in a whole different kind of trouble — terror money! French prosecutors on Tuesday opened a sensational trial against Lafarge, a subsidiary of Switzerland’s Holcim Group, accusing it of funding deadly jihadist groups including ISIS and al-Qaeda’s Nusra Front to keep its …

KAMPALA — A massive drug scandal has rocked Uganda’s medical world after the National Drug Authority (NDA) ordered an emergency recall of a dangerous anaesthetic linked to life-threatening surgical complications in hospitals across the country. At the heart of the storm are two big names: Abacus Pharma (A) Ltd — Uganda’s biggest drug distributor, and Troikaa Pharmaceuticals Ltd — an …

By: Lawrence Mubiru  When the news broke on a calm Nairobi morning that Raila Amolo Odinga had died, the city fell into an eerie stillness. Traffic slowed. Radios went silent between bulletins. For a nation that had for decades measured its politics by his presence — his fiery speeches, his unyielding defiance, his reconciliatory handshakes — the thought of Kenya …