Uganda Securities Exchange (XUGA)
According to the Communications Authority of Kenya’s first quarter sector report for the financial year 2021/2022, Safaricom controls a 64.6% market share The report indicated Airtel was second with 26.5% mobile subscriptions followed by Telkom Kenya (6.4%) and Equitel (2.3%) Safaricom shareholders comprise the government of Kenya (35%), Vodacom (35%), Vodafone (5%) and free float […]
Kiharu MP Ndindi Nyoro (left) and Kenya Power building in Nairobi CBD. Annual Report and Financial Statements show that Kiharu Member of Parliament Samson Ndindi Nyoro is among the top individual shareholders at the troubled Kenya Power and Lighting Company – KPLC . The company’s annual report dated 30th June 2021 revealed that the lawmaker […]
Pension schemes have lined up Sh2 billion to partly finance the construction of a key road in northern Kenya, making it the first major project under the public-private partnership (PPP) model to be funded through retirement savings. A consortium of 24 retirement schemes says it is looking to invest in the 143km road project which […]
Every business needs loyal customers, keeping customers is hard but acquiring new customers is more expensive. Kenyans are a fickle lot and as a marketer, you need to keep thinking about how to win their loyalty. This, however, is not insurmountable when you understand Kenyans’ love for freebies. So once in a while brands will […]
The stranglehold that the big audit firms such as Ernst & Young (E&Y) have on the market should be reduced to protect individuals and businesses from unforeseen losses. Deloitte, EY, KPMG and PwC dominate audit jobs among listed firms and other large organisations. But in recent years, cases of companies collapsing even after being given […]
Zanzibar President Dr Hussein Ali Mwinyi said here yesterday that, in this connection, CRDB Bank Plc has been assigned to provide financial literacy and issue zero-interest loans. Unveiling the ‘Inuka na Uchumi wa Buluu’ (literally, Grow with the Blue Economy) programme the Isles government is implementing jointly with CRDB Bank, President Mwinyi said the government […]
Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) — The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
Uganda can avoid the "dutch disease" if the real estate and agriculture sectors are linked to developments in the oil and gas sectors. The housing and agriculture sectors could earn Uganda an extra eight billion US Dollars in the next phases of oil and gas developments. With such earnings, Uganda can avoid the "dutch disease" […]
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