Telecom giant MTN Uganda has today opened its Initial Public Offer. This comes after putting 20% of its shares on the market with each share going for UGX 200 and Potential investors can now buy shares using MTN Mobile money. Addressing journalists today, MTN Uganda CEO, Wim Vanhelleputte said the company has officially started offering […]
The National Treasury disclosed the loans amounted to KSh 104.84 billion The exchequer said the billions were invested in priority projects but may have to be repaid by taxpayers given the poor financial state of the parastatals As of June 2020, KPLC had debts amounting to KSh 53.84 billion At least nine state-owned firms are […]
An Etihad Cargo freighter Etihad Cargo has expanded its pharma sector reach into Africa with the signing of a Service Legal Agreement (SLA) with Astral Aviation and Kenya Airways. Through the agreement it will be able to provide reliable and cost-effective airfreight solutions across the continent. Operating a fleet of 14 freighters out of its […]
(Photo by Nicolas Economou/NurPhoto via Getty Images) South African Airways will start flying to Mauritius again on 21 November. The airline is already taking bookings, with its direct, one-way tickets cheaper than all its local competitors. Tickets in November start at just R4,016.75, while the lowest fares in December start at R6,138.75. But the national […]
By Our Correspondent October 14, 2021: After a challenging 18 months post the Covid pandemic, it looks like the African aviation industry may be looking at spreading its wings again and is set to revive itself and remerge stronger through mutual cooperation. Taking a leaf out of the African Continental Free Trade Area (AfCFTA) and […]
Chinedu Eze While the COVID-19 pandemic forced the suspension of scheduled flight operations, it provided an elixir to cargo freighting, which became a lifeline to many airlines. In Africa, airlines like Kenya Airways and Ethiopian Airlines leveraged on cargo freighting to keep some of their aircraft in the air and earned revenues that sustained the […]
Photo: Ethiopian Airlines Ethiopian Airlines has entered an agreement to share flight routes with regional South African carrier Airlink, as the continent’s biggest airline expands its reach. Ethiopian Airlines has entered into a series of partnerships with continental and global carriers. The latest agreement lets travellers buy one ticket to fly across each airline’s routes, […]
Women in corporate boards in Kenya have exceeded the global average as the country inches towards gender inclusivity, a new report shows. According to the 2021 Board Diversity and Inclusion report, women in corporate boards in Kenya stand at 36 per cent compared to a 23 per cent global average. The report also noted that […]
MTN Uganda early this week announced the opening of its Initial Public Offer for 20% of its company’s shares, an opportunity for the public to apply for stake in the company. Stanbic Bank is MTN’s Transactional advisor for MTN’s Initial Public Offer. In this interview, Anne Juuko , the CEO of Stanbic Bank sheds light […]
The core capital of the Moshi-based Kilimanjaro Co-operative Bank Limited (KCBL) has increased by almost 45 per cent in less than a year. The capital grew from 1.8bn/- last year to 2.6bn/- to date. The KCBL General Manager, Mr Godfrey Ng’urah, said when addressing the members of the business community in the Kilimanjaro together with […]
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