Uganda Securities Exchange (XUGA)
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The first tranche of the Sh10.5 billion unsecured Medium-Term Note (MTN) issued by Kenya Mortgage Refinance Company (KMRC) has been oversubscribed by 480 per cent. The state-owned mortgage financier issued Sh1.4 billion mid-last month but received offers worth Sh8.1 billion. The Capital Markets […]
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
Standard Africa Holdings Limited (SAHL) has received regulatory approval from Kenya’s Capital Markets Authority (CMA) to acquire a bigger stake in Stanbic holdings. Standard Africa Holdings Limited (SAHL), which is the majority shareholder in Stanbic Holdings, said it received regulatory approval from the CMA to further extend the exemption from making a complete takeover. Under […]
Times Tower building that houses Kenya Revenue Authority. The Kenya Revenue Authority (KRA) has set a new record, collecting Sh1.01 trillion in taxes in the last seven months to January, according to data published by the National Treasury. This means that the taxman raised Sh143.3 billion in the first month of 2022, down from Sh200 […]
When flying eligible Ethiopian Airlines flights, MileagePlus members may earn award miles and Premier qualify credits. A Star Alliance Gold or Silver status can be earned if your members fly on Ethiopian Airlines operated flights. Table of contents Who Is Ethiopian Airlines Partners With? As a part of its new Hub at NDJAMENA, CHAD, Ethiopian […]
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 […]
If you have a business in Uganda and still insist on accepting cash, you are missing out a lot. Why? Because the demand for cashless payments is growing in the country. The number of people who would rather have mobile money instead of hard cash is growing. According to the Bank of Uganda, the value […]
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently hosted a webinar titled “2022 ‘Virtual Economic Outlook- Investing and planning in an election cycle”. Stanbic IBTC The event which aimed at reflecting on economic trends that shaped 2021 and projecting into 2022, held on Monday, 14 February 2022. According to the financial services […]
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 Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) have been dormant in the past two years, revealing the apathy among retail […]
Market watch at EABL National Stock Exchange (NSE) [David Gichuru, Standard] Investors at the Nairobi Securities Exchange (NSE) will now be able to borrow, lend and trade shares among themselves. This follows approval by the Capital Markets Authority (CMA) of a securities lending and borrowing (SLB) solution developed by the Central Depository and Settlement Corporation […]
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