Kenya: Banks in Big Trouble Over Locust, Covid-19 Shocks

Kenya: Banks in Big Trouble Over Locust, Covid-19 Shocks

Kenya: Banks in Big Trouble Over Locust, Covid-19 Shocks Residents of Mahiga-Meru village chase desert locusts using old aluminium cooking pots, iron sheets and twigs, in Laikipia County (file photo). Top Kenyan banks have yielded to the Covid-19 pandemic with grim prospects of weaker profitability, slowed loan book growth and a surge in the volume of bad loans, signaling reduced dividends for shareholders and […]

Uganda still at low risk of debt distress – Central Bank report

Uganda still at low risk of debt distress – Central Bank report

Uganda still at low risk of debt distress – Central Bank report BoU Governor Tumusiime Mutebile Uganda can still meet its debt obligations despite continued borrowing, the Bank of Uganda (BoU) said in its latest report on the ‘State of the Economy’, which presented the global and domestic economic developments in the period to August 2020. “Despite the increase in borrowing, Uganda’s debt levels remain sustainable with […]

Loss-making firms rule NSE list of top gainers

Loss-making firms rule NSE list of top gainers

Loss-making firms rule NSE list of top gainers Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]