Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Nairobi Securities Exchange-listed financial services firm Jubilee Holdings has acquired an additional 10 per cent stake in undersea cable service provider SEACOM. This raises Jubilee’s shareholding in SEACOM from 18.8 per cent after an initial 8.8 per […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Tanzania: Dar es Salaam Stock Exchange Monthly Turnover Rises By 13 Per Cent
FOR February, the DSE bourse recorded a 12.63% hike in the turnover generated on the equities market. The turnover recorded amounts to TZS 15.74Bln ($6.84Mln) against TZS 13.98Bln ($6.08Mln) that was generated on the previous month. On the other hand, the number of shares traded declined by 45.59% from approximately 22 million shares in January […]
A toast to Tanzania for the fastest growth as we go into next century
Kenya Breweries Limited Managing Director Jane Karuku during interview with The EastAfrican in Nairobi on March 1, 2022. PHOTO | JEFF ANGOTE | NMG Whether it is Kenya Breweries, Serengeti Breweries or Uganda Breweries, EABL is an integral part of the society and the economy. In 2000, EABL attracted the global firm Diageo, who acquired […]
Safaricom’s M-Pesa crosses 30 million active users in Kenya
A mobile phone user makes an M-Pesa transaction. FILE PHOTO | NMG Mobile money transfer platform M-Pesa has crossed 30 million users in Kenya as traders accepting payments through Lipa na M-Pesa doubled, cementing Safaricom’s dominance in digital transactions in the country. The giant telco’s chief executive Peter Ndegwa announced Thursday that Kenya accounted for […]
Kenya: Safaricom Crosses 30 Million Monthly Active M-Pesa Customers
Nairobi — Safaricom has today announced that M-PESA has crossed 30 million customers using the service every month in Kenya. Kenya remains M-PESA’s most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana and Egypt. "M-PESA’s success has been […]
Central Bank of Kenya is now allowing lenders to increase cost of loans for some borrowers
Governor Patrick Njoroge of the Central Bank of Kenya The CBK’s approvals are coming after many lenders petitioned the IMF to intervene. With these approvals, lenders will now increase cost of loans for some high risk borrowers. A borrower is considered "high risk" when a lender considers them most likely to default on a loan. […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Fly748 boss on three decades of steering airlines
In another life, this man would probably be a botanist. It helps that Moses grew up in the eastern fringes of Aberdare Forest. Nine years ago, he joined Fly748 when the airline had only five planes. He would go on a lavish collection of jets, pushing the number to the current 16. He is going […]
Rosier times for Kenya’s post-Covid economy despite election jitters: analysts
Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
Stock market drops Sh65bn in two days
The stock market shed Sh65.6 billion in investor wealth in the first two trading sessions this week, pressured by foreign investor sales that have overshadowed the expected price rally ahead of the dividend season. The NSE’s #ticker:NSE market capitalisation fell to Sh2.49 trillion on Tuesday from Sh2.56 trillion at the beginning of the trading week. […]