Resuscitating the Ghana’s economy after Coronavirus pandemic

The COVID-19 epidemic could cost the global economy US$2.7trillion, according to the Organisation for Economic Corporation and Development (OECD) Interim Economic Assessment. Global GDP growth is projected to drop to 2.4% in 2020 from 2.9% in 2019, with growth possibly even being negative in the first quarter of 2020. Ghana’s economy is not left out […]

East African Stock Exchanges suffer due to Covid-19 panic

TRADING on East African stock exchanges has been hit by the impact of the coronavirus pandemic to register low turnover and market capitalisation records in recently days. The three exchange indices- Dar es Salaam Stock Exchange (DSE), Nairobi Securities Exchange (NSE) and Uganda Securities Exchange (USE)-started to show plunging sign at the beginning this month’s […]

Tanzania: Total Market Capitalisation Down As Major Indices Decline During the Week

THE Banking, Investment and Finance index fell by 2.23 per cent at the bourse while the underlying securities contributed about 82.11 per cent of total weekly turnover after CRDB contributed 56.14 per cent of the total weekly turnover, NMB contributed 18.54 per cent of the total weekly turnover and DSE contributed about 7.43 per cent […]

Kenya: Centum’s performance driven bonus system affects CEO too, giving him a 75 % Salary Reduction

Chief Executive officers are presumed to be immune to the company’s tough policies given that many company boards pull out all the stops to make the bosses happy. However, this is not usually the case for many firms. Centum Investment CEO James Mworia’s failure to meet his performance targets cost him 75 % salary reduction […]

Uganda: How 20% Share Offer Rule Starves Uganda’s Bourse of Public Listings

A rule that requires local companies to offer at least 20 per cent of their shares to the public before they are listed on the Uganda Securities Exchange is keeping away large companies from listing. According to industry sources, large companies operating in Uganda have majority ownership of between 85 per cent and 90 per […]

Kenya: Interest rate cap being blamed for lurking mix of high inflation, unemployment on the way

Parliament must humbly accept to untie the hands of Central Bank by removing the interest rate cap legislation. To avoid sinking to the lowest depths, take money away from the white elephant project and drop interest rate capping The Kenyan economy is starting to buckle under the weight of weak economic policies. The latest estimate […]