Travelers stranded after closure of Entebbe international Airport runway By Ritah Kemigisa The Uganda Civil Aviation Authority has assured passengers who missed flights yesterday that they will not pay more money for tickets. The airport was temporarily shut down yesterday after a RwandAir aircraft skidded off the runway blocking traffic. Speaking to KFM, the authority […]
Kenya Airways Boeing 787-8 Kenya Airways (KQ, Nairobi Jomo Kenyatta ) has been granted waivers and deferrals on unpaid interest on KES25 billion shillings (USD217 million) worth of loans from the Kenyan government, advanced in the past two years to enable the airline to sustain operations during and after the COVID-19 pandemic. According to the […]
during the Q1,2022 data from DSE shows. The amount is equivalent to a quarter of the DSE total turnover recorded during the quarter. DSE bourse closed the first quarter of 2022 (Q122) on a positive note after recording a total turnover of 35.1bn/- representing a 50.6 per cent increase from 23.3bn/- that was generated during […]
Dr Michael Atingi-Ego, the BoU Deputy Governor The World Savings and Retail Banking Institute (WSBI) through its financial inclusion programme, Scale2Save, is holding a 2-day conference on 27 – 28 th April 2022, at the Kampala Serena Hotel. The conference will discuss the importance of inclusive financial services for Ugandan women, youths and farmers as […]
Kenyan President Mwai Kibaki presents a certificate to Equity Bank Chief Executive Officer James Mwangi during the KRA Taxpayers awards ceremony in Nairobi on October 22, 2012. PHOTO | FILE | NMG Companies and private sector businesses described the Makerere University-trained economist as the ‘father’ of modern Kenya who laid the foundation for macroeconomic stability […]
Passengers board an airplane at Jomo Kenyatta International Airport (JKIA) during the launch of Jambojet’s direct flight to the Eastern DRC city of Goma on September 10, 2021. PHOTO | LUCY WANJIRU | NMG Local airlines are increasing frequency on the Kisumu route ahead of next month’s Africities summit. The ninth edition of the meeting […]
Planes at the Moi International Airport. PHOTO | JEFF ANGOTE | NMG The cost of air tickets for domestic routes has fallen by more than half after the Easter holiday ended, giving relief to travellers who had been stranded when charges more than doubled. A one-way ticket that was costing as high as Sh17,000 on […]
Pension funds were among the major buyers of the corporate bond issued by East African Breweries Plc (EABL) #ticker:EABL in October last year, a move that more than doubled their investment in debt sold by private companies to Sh6.8 billion. Before the brewer raised the funds, the corporate bond market had shrunk considerably on the […]
There are a total of 763 commercial banks located across the 54 countries that make up the African continent. Findings by Business Insider Africa show that South Africa and Tanzania have the highest concentration of commercial banks at 51 and 50, respectively. Kenya on the other hand has 42 commercial banks, followed by Egypt with […]
NATIONAL Insurance Corporation (NIC) pre-tax profit has more than doubled, being pushed up mainly by proceedings from the general insurance portfolio. NIC, the state-owned insurance firm, said in its financial statement that the pre-tax profit jumped from 33.65bn/- realized for a year ending June 2020 to 73.1bn/- of last June. The general insurance raked in […]
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