Uganda Securities Exchange (XUGA)
Members of Upendo Imara Self Help Group Feed Processors in the process of manufacturing chicken mash after receiving Sh499,000 to set up the venture through a joint program by National Agricultural and Rural Inclusive Growth Project (NARIGP) and County Government of Nakuru. NAKURU, Kenya, Feb 23 -Nearly 3,000 farmers in Nakuru have been enrolled in […]
Nairobi Securities Exchange Chief Executive Geoffery Oundo (left) and Centum Real Estate Chairman James Ruitha during the handover of the Riverbank apartments in Nairobi yesterday. [Wainaina Wambu, Standard] Centum Real Estate has handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. This is the first Centum […]
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Equity Bank Kenya #ticker:EQTY has won a temporary reprieve after the appellate court barred the Kenya Revenue Authority (KRA) from demanding Sh234 million in taxes on the lender’s employee share ownership plan (Esop). The Court of Appeal agreed with the bank that the demand by the KRA to enforce the award was real yet Equity […]
East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive has said, adding that the threat posed by the COVID-19 pandemic is not over. Jump In Sales The firm, which is controlled by Britain’s Diageo, posted a 23% jump in sales during its first half to the end of […]
Uganda’s Crane Bank was put under statutory management by the regulator in 2016 following a damning audit report that revealed insufficient capital levels and gross mismanagement. PHOTO | FILE Crane Bank was placed under statutory management by Bank of Uganda in September 2016 following a damning audit report that revealed insufficient capital levels, shrinking liquidity […]
Among sectors, Nifty PSU Bank index plunged 4.6 percent, Metal index shed 4 percent and Realty index fell 2.7 percent. Indian equity benchmark indices extended the losing streak in the second week ended February 18 amid high volatility in the face of escalating geopolitical tension, rising crude oil prices and relentless FII selling. Market opened […]
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
Marksans Pharma Limited announced that its wholly-owned subsidiary Bell Sons & Co. (Druggists) Limited has received market authorization from UK MHRA for Bells Healthcare All in One Oral Solution. Each 20 ml dose contains Paracetamol Ph. Eur. 500.0 mg, Guaifenesin Ph. Eur. 200.0 mg and Phenylephrine Hydrochloride Ph. Eur. 10.0 mg. Therapeutic use of the […]
Massmart-owned retailer Game has provided further details around its turnaround strategy – including a plan to relaunch its homeware range. Game, which is calling its turnaround plan ‘Retail Reimagined’, says its new will homeware range will see products updated across categories including furniture, décor, flooring, and lighting. The strategy is to gain market share as […]
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