Eve Air Mobility eVTOL Kenya Airways (KQ, Nairobi Jomo Kenyatta ) aims to start testing electric vertical take-off and landing (eVTOL) aircraft from 2025 through its new subsidiary Fahari Aviation ( Nairobi Jomo Kenyatta ), according to Chief Executive Officer Allan Kilavuka. Speaking to Business Daily Africa, he said: “We are working on a future, […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Landlocked Africa seeks competitive rates and sustained air cargo capacity
Intra-African trade will stimulate opportunities for air freight and associated handling. Photo – NAC2000 An increasingly competitive landscape and high airfreight costs have put pressure on air cargo in some landlocked parts of Africa. Most African shipments are perishables, but for mining economies such as Zambia, which is landlocked in southern Africa, mining-related materials, as […]
Kenya Airways making inroads in slum tourism
Full moon is seen behind a Kenya Airways (KQ) tail of the plane on March 27, 2020 at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways made a spectacular fly-past over the Mathare Valley last weekend, prompting speculation that slum tourism was finally here. The Kenya Open Golf tourney, which was underway at the neighbouring […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
South Africa to start e-visa facility for Indian tourists
The South African Tourism on Monday said it is eyeing 64 per cent year-on-year growth in arrivals from India in 2022, capitalising on strong consumer demand in the country through various marketing initiatives including roadshows. India continues to be one of the top-three focus markets for South Africa , which has outlined a strategic road […]
Keroche: How KRA’s thirst for taxes brought brewers down
A plant operator at Keroche Breweries supervises the production of Vienna Ice Strong Lager. May 2021 The decision by the Kenya Revenue Authority (KRA) to shut Naivasha-based Keroche Breweries over tax arrears of Sh323 million has brought to the fore the bruising brawl between the taxman and local brewers. KRA, whose perceived high-handedness has seen […]
Local raw material sourcing spares EABL from Russia shocks
The strategic shift to local sourcing of raw materials has spared East African Breweries Plc (EABL) #ticker:EABL from supply chain disruptions following Russia’s invasion of Ukraine. The geopolitical event has led to soaring commodity prices including those of wheat and barley which are key brewing ingredients for the alcoholic beverages produced by EABL. “A few […]
Telecoms major Airtel Uganda plans IPO by 2022-end – MD to NTV Uganda
A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, file. REUTERS/Adnan Abidi/File Photo KAMPALA, March 8 (Reuters) – Airtel Uganda, the country’s second largest telecoms company and a unit of India’s Bharti Airtel (BRTI.NS) , plans […]
Telecoms major Airtel Uganda plans IPO by 2022-end: MD
The firm has about 10 million subscribers and is the second biggest operator after a unit of South Africa’s MTN Group, which has about 15 million subscribers. KAMPALA – Airtel Uganda , the country’s second largest telecoms company and a unit of India’s Bharti Airtel , plans to list a part of its equity by […]
MTN Uganda reports 6.6% rise in 2021 pre-tax profit
Passengers use their mobile phones at the departure lounge of the Entebbe international airport in Entebbe, Uganda January 26, 2019. REUTERS/Thomas Mukoya KAMPALA, March 7 (Reuters) – MTN Uganda reported on Monday a 6.6% jump in pre-tax profit for 2021, compared with the previous period, helped by higher data sales and faster uptake of its […]