Beer production line at the EABL plant in Ruaraka, Nairobi on October 9, 2019. PHOTO | JEFF ANGOTE | NMG East African Breweries Limited (EABL) says it will increase the prices of its alcoholic products including beers and spirits if the Treasury implements a proposal to raise excise taxes on the products. EABL managing director […]
Kenya Airport Authority (KAA) has awarded a tender for the construction fuel depot at Kisumu International Airport to Vivo Energy Kenya. The proposed location is at the airside at the former Total aviation Fuel Depot. According to Kisumu International Airport manager Selina Gor, this will be the only depot that will be based within an […]
African airlines have continued to post growth in passenger numbers as more countries open up their economy after years of Covid-19 restrictions that negatively impacted the aviation sector. Data from both the International Air Transport Association (IATA) and African Airline Association (Afraa) indicates that the regional carriers’ performance improved by 70 percent in February and […]
As businesses struggle to pick up after the COVID-19 crisis, the rise in prices has hit a flashpoint, and traders are calling for quick fixes. According to Thaddeus Musoke, the Kampala City Traders Association (KACITA) Chairman, the government should come in handy and try to fix the rail transport question and allow them to import […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with USAID. FILE PHOTO | NMG Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with the United States Agency for International Development’s Kenya […]
Fitch Ratings – London – 22 Apr 2022: Fitch Ratings has affirmed Stanbic Bank Uganda Limited’s (SBU) Long-Term Issuer Default Rating (IDR) at ‘B+’. The Rating Outlook is Negative. Fitch has withdrawn SBU’s Support Rating as it is no longer relevant to the agency’s coverage following the publication of its updated Bank Rating Criteria on […]
As businesses struggle to pick up after the COVID-19 crisis, the rise in prices has hit a flashpoint, and traders are calling for quick fixes. According to Thaddeus Musoke, the Kampala City Traders Association (KACITA) Chairman, the government should come in handy and try to fix the rail transport question and allow them to import […]
Nation Media Group ( NMG ) has recorded a tenfold increase in net profit to Sh493.1 million in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. Total revenues rose 12 percent year on year to […]
Uganda has asked Kenya, its main route for oil imports, to allocate it fixed monthly transit petroleum product quotas to ease shortages amid growing anxiety in Kampala over a fuel crisis. Kampala, in a letter to officials in Nairobi, has demanded a fixed allocation of 110,660 cubic metres of petrol and 110,400 cubic metres of […]
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