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 […]

Troubled Nairobi bourse-listed firms roil region’s stockmarkets

The collapse of yet another Nairobi Securities Exchange-listed company has spooked investors in East Africa’s stock markets, raising fears of possible cross-border contagion. Mumias Sugar Company, for many decades Kenya’s biggest miller, was placed under statutory management last week for defaulting on debts estimated at more than Ksh12.5 billion ($125 million). This follows a series […]

Uganda Investment body courts investors to make Tecno phones

A delegation of Chinese investors were in Kampala recently where they showed interest in putting up a plant to manufacture Tecno phones. Their interest would not be the first after another Chinese company harboured similar ambitions and tried to enter into a partnership with Uganda Telecom to make phones. The company executives from Tecno were […]

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 […]