Uganda Clays Limited (UCL), a leading manufacturer of clay building materials has announced that they have posted impressive results for the year 2021. The company said that they had hit a net profit of Shs 5.92 billion in full year results. ADVERTISEMENT This was revealed by the UCL Board Director, Marion Muyobo during the company’s […]
Kenyan female CEOs: Dr Jennifer Riria, Rebecca Miano, Kendi Ntwiga and Nasim Devji. Here’s a list of 10 Kenyan companies led by female CEOs in 2022. Leading the pack is the 1946-founded Kenyan bank, DTB Kenya. The bank’s current CEO is Nasim Devji. Devji serves as a Managing Director and the Group CEO at the […]
Kampala: Uganda Clays Limited (UCL), the leading manufacturer of quality baked clay building products, has today announced that the company posted impressive results for the year 2021 with a net profit of UGX 5.92 billion. This was announced by the UCL Board Director, Marion Muyobo, during the entity’s financial year results presentation at their Kajjansi […]
Mary MM/Shutterstock.com For over 16 years African Business has been running an annual ranking of Africa’s 250 Top Companies, taking the top listed companies from national and regional stock exchanges across Africa. In this article we focus on the top 20 companies from East Africa in 2021. East Africa is seen as as a trailblazer […]
Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in […]
NSE Market watch board . [Jonah Onyango, Standard] Local investors have bought an additional Sh11.36 billion KCB shares in two years to March 2022, cutting foreigners’ stake to 10.77 per cent. KCB’s regulatory filings show that local individual and institutional investors, including the National Social Security Fund (NSSF) had between March 2020 to last month […]
Kenya has allocated $3.28 billion for external debt repayment in the 2022/2023 fiscal year. PHOTO | FILE Kenya borrows externally in five major currencies — 67 percent in dollars, 19 percent in euros, six percent in Japanese yen, six percent in Chinese yuan and two percent in pound sterling. Last year, Kenya’s external debt was […]
Nairobi — The International Monetary Fund (IMF) staff has reached an agreement to advance Sh28 billion loan to Kenya as part of the 38-month IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF)financed program. The agreement is the third review of the economic policies program which took place between March 31 and April 22. […]
MTN issues $306.3 million commercial paper in Nigeria MTN said the issuance would enable it to diversify its financing options. Proceeds from the exercise would go towards boosting the telco’s working capital. A commercial paper is an unsecured, short-term debt instrument commonly used by companies to raise capital from the public. MTN Nigeria, a subsidiary […]
Investors on the Nairobi Securities Exchange (NSE) #ticker:NSE have seen their paper wealth decline by Sh51 billion since the start of this month as foreign investors continued to flee the market. The market capitalisation opened at Sh2.43 trillion in April and had dropped to Sh2.37 trillion as of Tuesday. Russia’s invasion of Ukraine, profit-taking and […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.