Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues

Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues

The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic. In a statement to shareholders, NMG chairman Wilfred Kiboro said that Covid-19 global pandemic presented an unprecedented risk to the economy in 2020 and possibly beyond. “The Board of Directors, having […]

Uganda : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Uganda »

Uganda : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Uganda »

IMF Country Report No. 20/165 UGANDA REQUEST FOR DISBURSEMENT UNDER THE RAPID CREDIT May 2020 FACILITY-PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR UGANDA In the context of the Request for Disbursement under the Rapid Credit Facility, the following documents have been released and are included in this package: A Press Release […]

CAK goes hard on all retailers delaying pay

CAK goes hard on all retailers delaying pay

Business He, however, couldn’t disclose the amounts owed to suppliers at the moment. The competition watchdog has started investigating supermarkets over delayed payments to suppliers without justification. In a notice yesterday, Competition Authority of Kenya (CAK) Director General Wang’ombe Kariuki requested local suppliers owed by supermarkets beyond a 90-day credit period to submit information to […]

Stanbic and ConsumerCentriX launch COVID-19 Business Information Hub

Stanbic and ConsumerCentriX launch COVID-19 Business Information Hub

To provide the much-needed information and solutions for Ugandan entrepreneurs struggling with the financial consequences of the COVID -19 pandemic, Stanbic Bank has partnered with ConsumerCentriX on a Business Information Hub. This website will provide entrepreneurs with advice on financial management to overcome economic slowdown and insights into new developments across industries. Through a partnership […]