The Kenyan no frills airline Jambojet to make the most of inflight advertising as a way to generate revenue and reverse losses
Category: Hot Topics
Kenya comes under pressure from IMF to repeal rate cap
Kenyan Treasury secretary Henry Rotich told the Financial Times on Friday that he will review the cap on bank lending rates that has resulted in a massive fall in loans to the private sector. This is part of the contentious reforms demanded by the IMF to extend a frozen Sh153 billion ($1.5bn) emergency standby facility […]
Kenyan Government debt looking unsustainable due to high international and domestic borrowing
Officials say there is need to harmonise marketing initiatives if we are to keep tourists coming again. The revelation comes as a global ratings agency warned that the government “will continue to face liquidity pressures” due to a combination of large financing needs and an increased reliance on sources of financing with less predictable costs, […]
Can DRC maximise royalties from cobalt without alienating mining companies?
What do the moves by the Democratic Republic of the Congo (DRC) to boost its share of the country’s cobalt bounty have in common with the former Thai government’s attempts to control the global market for rice exports? Both are examples of dominant producers of a commodity trying to extract more wealth from that position. […]
China accounts for 70% of lending to Kenyan Government
Foreign nations lent Kenya a total of 760 billion shillings, ($7.6bn) last year in an aggressive borrowing campaign that has raised the portfolio of the country’s foreign debt to record levels. China remains as the top lender to Kenya surpassing institutional lenders such as World Bank, International Development Funds among others with more than 1.5 […]
Bank of Uganda continues monetary easing
For long, commercial bank lending rates have averaged at 21.37 percent, going as high as 23.13 percent in February 2017 and as low as 18.97 percent recorded in October 2017. The Central Bank Rate (CBR) fell drastically by over 20 percent to 9.5 percent from 12 percent recorded at the start of 2017 in a […]
Kenya, Ghana and South Africa have most gender diverse boardrooms but women still account for less 1 in 5 board execs
When a woman rises to the top rung of the traditionally all-male corporate ladder in Africa, it’s front-page news because women’s progress in business leadership on the continent continues to be achingly slow. According to a groundbreaking 2015 study by the African Development Bank (AfDB) titled Where Are the Women? Inclusive Boardrooms in Africa’s Top-Listed […]
Nigeria: Oando Lists $245m right issue
Lagos — Oando Plc has listed N48.7 billion worth of shares on the daily official list of the Nigerian Stock Exchange (NSE). In an issuer’s announcement with the NSE, Oando said: “A total of 2,949,933,156 ordinary shares of 50 kobo each at N16.50 per share belonging to Oando Plc were admitted to trading on 4th […]
Australian online company invests $10M Investment in One Africa Media, owner of Cheki & Jobberman
Australian based online employment marketplace, Seek announced its USD 10 million (Sh900 million) investment into One African Media (OAM). This investment is part of USD 20 million that OAM shared with Babajob.com, its first investment in the Indian market, which Seek diluted 38 per cent of the equity interest. OAM owns BrighterMonday, Cheki.com, BuyRent and […]