Uganda Securities Exchange (XUGA)
Building on its extensive recovery efforts in India, South African Tourism is all set to host their biggest, independent travel trade initiative in India – their annual roadshow. This in-person roadshow will be the first mega-event post-pandemic and will travel to the 4 Indian cities of Delhi, Ahmedabad, Bengaluru and Mumbai from 07th to 11th […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
Lipa na Mpesa The mobile money war in Kenya is not a new thing: the space has for a long time been cannibalized by M-PESA, which started the service back in 2007. Over the years, it has amassed millions of numbers, with more than 34 million Kenyans having an M-PESA account. M-PESA has also grown […]
Kenya Airways saved $45 million after it changed a ircraft lease terms, opting for hourly rates in place of fixed costs. Kenya Airways Chief Executive Allan Kilavuka said the airline reached a deal with lessors in 2021 to only pay when they fly leased aircraft. Paying for idle planes The deal saved the airline millions […]
Kenya Airways #ticker:KQ will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of the airline’s diversification through its new subsidiary Fahari Aviation. The electric vertical take-off and landing (eVTOL) aircraft is a new technology that uses electricity to hover, take off, and land vertically, making it easier […]
Traders at the Uganda Securities Exchange. Shares of New Vision Publishing Company closed more than 81 percent down on February 10. PHOTO | FILE | NMG New Vision and Uganda capital markets regulators have failed to provide answers for the plunge of the share price, which eroded investors’ wealth. New Vision could report weaker-than-expected revenue […]
EAC staff, delegates, members of its Organs and Institutions and visitors can now easily conduct banking services at the EAC premises, following the launch of a Kenya Commercial Bank (KCB) Tanzania mini-branch, at the EAC Secretariat Headquarters in Arusha, Tanzania. The move followed the signing of a Memorandum of Understanding (MOU) between the EAC Secretary […]
Kenya Airways #ticker:KQ will resume passenger flights between the United Arabs Emirates (UAE) and Nairobi on Monday after Dubai lifted a ban it had imposed on all inbound and transit passenger flights from Kenya since last year. The carrier said Friday that passenger flights between Dubai and Nairobi will start on January 31, 2022, offering […]
Kenya Airways has been banking on the government to take control and absorb its debt. Kenya Airways Plc has selected financial advisers at Seabury Securities to help the airline evaluate options to restructure its debt load, according to people with knowledge of the matter. The airline, in which the Kenyan government has a 48.9% stake, […]
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