UK development finance institution and impact investor CDC Group has formally renamed itself British International Investment (BII), with CE Nick O’Donohoe saying the organisation will build on the CDC’s legacy by inheriting its “unparalleled” experience of impact investing and deep-rooted knowledge of the markets in which it invests. “BII is a strong, modern identity, which […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Kenya Re risks losing Sh8bn premiums on defaults rise
Kenya Re managing director Jadiah Mwarania. FILE PHOTO | NMG Kenya Re has disclosed that insurance companies and brokers have defaulted on Sh8.57 billion premiums, hurting the profitability of the Nairobi Securities Exchange -listed firm which has had to make provisions for the amounts receivable. The company said in its financial statement for the year […]
Uganda: Derek Mwesigye Is New Metropolitanrepublic Uganda Creative Director
Kampala, Uganda — MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: "Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our people and our service delivery. This […]
M-Pesa eyes high-value loans offering after Safaricom split
Mpesa agent shop serving a customer in Nairobi on November 16, 2020 Safaricom wants M-Pesa to start issuing high-value lending such as car loans if the proposal to split the mobile money platform from the telecommunication business is passed. The telco says separation will leave Safaricom under the Communications Authority of Kenya (CA) while M-Pesa […]
Equity tops banks’ shareholder returns over the past decade
If you invested Sh100,000 in shares of each of Kenya’s five largest banks at the end of 2009 and held onto the haul to date, you could have made anywhere between Sh11,000 and Sh262,000, depending on the lender you chose. Shares of large banks stocks have proven to be among the most resilient at the […]
Satellite Bus Market to Worth USD 54.33 Billion by 2028 | Satellite Bus Industry CAGR of 8.81% 2021-2028
Fortune Business Insights Companies covered in satellite bus market are Airbus (Netherlands) Boeing (U.S.) Centum (India) Honeywell International Inc. (U.S.) IAI (Israel) L3Harris Technologies, Inc. (U.S.) Lockheed Martin Corporation (U.S.) Maxar Technologies (U.S.) Mitsubishi Electric Corporation (Japan) Northrop Grumman (U.S.) OHB SE (Germany) Thales Group (France) and many more Pune, India, April 06, 2022 (GLOBE […]
Centum says Two Rivers units overbooked
Centum Re has broken ground on the first phase of its residential housing units nestled within the 102-acre Two Rivers development complex. This was after the units were overbooked by more than half. Centum Re Managing Director Mr Kenneth Mbae said 450 customers have already paid cash deposits committing to buy the apartments overshooting the […]
Nigeria’s central bank fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions
CBN fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions Access Bank Plc received the largest portion of the fine at $1.2 million, followed by Stanbic IBTC Bank and UBA. Recall that the CBN had earlier in 2021 ordered Nigerian banks to close down all the bank accounts linked to cryptocurrency […]
Safaricom dividend pay pulls NSE to one-year low
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) lost Sh73.2 billion in a week and the value of the bourse sank to one-year low on reduced interest on Safaricom […]
Stanbic Bank, African Guarantee Fund sign agreement to boost trade
Stanbic Bank Stanbic Bank Kenya and the African Guarantee Fund for Small and Medium-sized Enterprises (AGF) on Tuesday signed a loan portfolio guarantee facility to increase financing for small and medium enterprises (SMEs) engaged in international trade. Florence Wanja, the head of business and commercial clients at Stanbic Bank Kenya said in Nairobi, Kenya’s capital […]
