Media Prima Digital and REV Asia from now on will be known as REV Media Group. With the new branding, REV Media Group hopes to offer better clarity and synergies as it continues to deliver the best solutions to its customers. – NST pic KUALA LUMPUR: Media Prima Digital and REV Asia from now on […]
Africa’s biggest supermarket chain Shoprite Holdings is set to lay off 115 workers as it shuts its Nyali Branch this month, signalling inability to crack the Kenyan market. This is just three months after it closed its Waterfront branch in Karen putting 104 individuals out of work. The South African owned retailer has already notified […]
As Shoprite announces its probable withdrawal from Nigeria, Dianna Games examines the rise and fall of South African retail expansion across the continent and what it tells us about Africa’s wider investment climate The retail sector in Africa has been one of the big success stories of the past decade, driven initially by a consumer […]
Stanbic, Coca-Cola, Nice House of Plastics sign plastics deal Kampala, Uganda | JULIUS BUSINGE | Faced with the undeniable consequences of a toxic tide of plastics, three private firms have entered into a partnership to recycle plastic waste. Stanbic Bank, Cola-Cola Beverages Africa and Nice House of Plastics on July.22 signed a Memorandum of Understanding […]
Kirunda Magoola Kirunda Magoola is the new managing director and executive board director of British American Tobacco (BAT) Uganda Limited. He took over on August 1, replacing Mathu Kiunjuri who resigned from the position effective July 31. An official statement shows Kiunjuri has been redeployed to a new senior role within the company. Kiunjuri was […]
Passengers arrive at Jomo Kenyatta International Airport in Nairobi following the resumption of International flights at the airport yesterday The proposed nationalisation of Kenya Airways, better known as KQ, is an economic hot potato. Beyond the term nationalisation – which echoes communism – there are other issues that need soberness and return to reason. KQ […]
British American Tobacco Uganda (BAT Uganda) will pay its shareholders Shs 15.7 billion (Shs 320 per share) as a first and final dividend for the year ended December 31, 2019 after a majority vote favoured the resolution during the company’s annual general meeting that was held on July 23. The fee that was paid in […]
BAT Uganda has announced its half-year results for the six months ending 30th June 2020; posting gross revenue of Ushs 76 billion, profit before tax of Ushs 9.9 billion and contributions to Government revenue of Ushs 42.9 billion. “I am pleased to report that BAT Uganda’s business continues to show resilience despite the difficult operating […]
First, Uchumi Supermarkets shut its doors. It was closely followed by Nakumatt and now the walls are slowly closing in on the Tuskys Supermarket chain. The troubled retail market has seen jobs losses, pay cuts and reduced incomes amid desperate efforts to save cash. The current crisis brought about by Covid-19 has not helped the […]
NAIROBI, Kenya, Juk 29 – Stanbic Bank Kenya has been recognized as Kenya’s Best Investment Bank by EuroMoney Awards for Excellence 2020, making it their second win with the Global Institution. This award is recognition to Stanbic Bank’s ability to deliver solutions across a range of products and services to its customers and further demonstrates […]
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