Lorries parked at Namanga one stop border post in this photo taken on May 12, 2020. Any lorry driver getting on Kenyan side has to be tested for Covid-19 to be allowed to cross the border. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The estimated $2.26b new debt accumulated in less than three months […]
A bonus share issue of one new fully paid ordinary share for every ten shares held in capital of the Company to the shareholders on the Register of Members at the close of business on 12th June 2020
Debt can be perceived as the quickest way to an expedient goal. ILLUSTRATION | NATION MEDIA GROUP No expression quite captures the prevailing state of affairs of emerging economies as the famous words uttered by Polonius in Act I, Scene III of William Shakespeare’s play, "Hamlet": “Neither a borrower nor a lender be: for a […]
Oil prices have fallen so much that some traders started paying buyers to take oil off their hands on Monday, in a bizarre twist. PHOTO | FILE | NATION MEDIA GROUP Whenever prices drop, they never pass these benefits to consumers until they clear the old stock. That is what happened this month. With the […]
The Dar es Salaam Stock Exchange is facing tough times as the All Share Index dropped by almost 16 per cent in the past month, total turnover was Tsh5 million ($2,500), prices per share fell for listed firms, and there was little foreign participation. By close of business on Wednesday, the DSE had recorded a […]
Matatus at Tea Room bus stage in Nairobi. Matatu owners now say even a Sh20 per litre drop in diesel prices will be hard to translate to each passenger. PHOTO | FILE | NATION MEDIA GROUP Transporters and processors are yet to pass benefits of low fuel prices to consumers over a week after prices […]
Debt can be perceived as the quickest way to an expedient goal. ILLUSTRATION | NATION MEDIA GROUP No expression quite captures the prevailing state of affairs of emerging economies as the famous words uttered by Polonius in Act I, Scene III of William Shakespeare’s play, "Hamlet": “Neither a borrower nor a lender be: for a […]
Botswana-based supermarket chain Choppies has restructured its outstanding loan estimated at $56 million, as part of tactical measures intended to breath life into a firm weighed down by deepening losses attributable to challenging business environment in East African region. FILE PHOTO | NATION MEDIA GROUP • Choppies had classified its operations in Tanzania, Kenya, Mozambique […]
Tomatoes on sale at Muthurwa Market in Nairobi on February 12, 2020. PHOTO | SILA KIPLAGAT | NATION MEDIA GROUP Kenya’s inflation jumped to a 10-month high in February, largely driven by increased food prices. Inflation – a measure of changes in the cost of living year-on-year – climbed to 6.37 percent from 5.78 percent […]
Tanzania’s Minister of Transport Isack Kamwelwe, leads a high-profile team to inspect progress of the standard gauge railway at Soga area. PHOTO | FILE | NATION MEDIA GROUP On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases […]
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