Equity Bank branch on Muindi Mbingu Street in Nairobi on Thursday, April 1, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has unveiled a Sh684 billion ($6 billion) war chest to lend to five million businesses in its Africa Covid-19 pandemic recovery and resilience plan. The lender says it has internal capacity to lend […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Kenya Airways suspends planned flights to Italy and Cameroon, gives reason
Kenya Airways suspends planned flights to Rome and Cameroon, gives reason The airline blamed the suspension on low passenger demand, due to the impact of the pandemic. In the meantime, the airline said it will keep serving Italy through other European destinations such as London and Amsterdam. Recall that Kenya Airways had, in October last […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker: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 […]
State earns Sh3bn from air travellers departure tax
Jomo Kenyatta International Airport. PHOTO | JEFF ANGOTE | NMG Departure tax earned the Tourism Promotion Fund (TPF) Sh2.9 billion from local and international passengers in the nine months to January this year. Tourism Cabinet Secretary Najib Balala said Kenya Airports Authority (KAA) remitted Sh2.17 billion ($19,962,719.44) from the international air levy charge. KAA also […]
Equity steps up push for return of bank to mobile transfer charges
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Bank has asked the Central Bank of Kenya to reinstate charges on transfers of money from bank accounts to mobile money wallets. The lender’s boss, James Mwangi, says […]
Keroche rules out sale in Sh22.7bn clash with KRA
Keroche Breweries chief executive Tabitha Karanja addresses the media on March 9, 2022, regarding the tax row with Kenya Revenue Authority (KRA). She asked the taxman to reopen the plant to stem huge losses. PHOTO | DIANA NGILA | NMG Naivasha-based Keroche Breweries’ owners have ruled out the possibility of selling the firm facing an […]
MTN Uganda: Dividend Book Closure 2022
MTN Uganda shareholders on the Company’s Register of Members as of 1st June 2022 to receive a final Dividend Payment of UGX 4.706 per share. For the latest key economic events use our free ECONOMIC CALENDAR
Uganda’s PMI rises to 54.9 in January: report
A girl carries corn husks on her head in Kampala, Uganda, on Thursday, July 23, 2020. Uganda’s economy will probably expand at the slowest pace in more than three decades this year due to the fallout from the coronavirus pandemic, a locust invasion and floods, the World Bank said. Photographer: Katumba Badru Sultan/Bloomberg via Getty […]
Kenya’s dollar millionaires under 40 years revealed
US Dollars. PHOTO| FILE Across the continent, South Africa is home to the biggest number of high-net-worth individuals at 31,852. This wealth base has been built on natural resources, industry and finance. It is followed by Nigeria at 28,996 and Egypt at 15,740 individuals, with both countries being oil producers. Egypt is also a major […]
Kisii serves up more than just ‘matoke’ in rise as financial hub
A view of the Banana factory at Kisii Farmers Agricultural Training Cente Kisii County has in the recent past undergone a major economic transformation, boosting businesses and attracting new ventures. The growth is seen in, among other developments, new food processing industries as the county moves to cash in on increased agricultural production. Farmers are […]