Uganda Securities Exchange (XUGA)
New report shows 89% occupancy rate in the Kampala Metropolitan Area Kampala, Uganda | JULIUS BUSINGE | Stanbic Properties Limited inaugural report on properties shows that the average occupancy rates in Kampala stood at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings in December last year signalling increased interest […]
Stanbic Bank’s parent company, Standard Bank Group, has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion. This significant increase in brand value has seen Africa’s largest financial services […]
Dismissing an application to lift the orders stopping Sarrai Group Ltd from beginning to revive the debt-ridden Mumias, Justice Wilfrida Okwany said the case by five shareholders-cum-farmers was urgent “and worthy of the orders to protect the subject matter”. The extension of the orders rattled the Kakamega County Government prompting Senior Counsel James Orengo to […]
Jambojet has ventured into cargo operations with the Dash 8-400 passenger aircraft to its eight destinations within Kenya and DRC . These are Nairobi, Mombasa, Eldoret, Kisumu, Mombasa, Malindi, Ukunda, Lamu and Goma in Eastern DRC. The move comes at the back of increased demand and growth in cargo capacity in Africa. Jambojet began flights […]
Kenya Airways The government’s bailout fund for the airline is contained in a supplementary budget that was recently sent to the country’s lawmakers. Meanwhile, in order to get the bailout fund, the airline would have to ensure that "certain restructuring milestones" are actualised. The company’s Chairman, Michael Joseph, confirmed this condition to Bloomberg. Kenya Airways, […]
Students tour Kisumu International Airport, Kenya. The Kenya Airports Authority (KAA) has kicked off the expansion of the Kisumu International Airport in readiness for the May 2022 Africities Conference. PHOTO | FILE | NMG The Kenya Airports Authority (KAA) has kicked off the expansion of the Kisumu International Airport in readiness for the May 2022 […]
Kenya asks Qatar Airways and Ethiopian Airlines to deploy cargo flights in a bid to meet Valentine’s Day flower demands in Europe Kenya has asked Qatar Airways and Ethiopian Airlines to deploy additional cargo flights in a bid to meet Valentine’s Day flower demands in Europe. Kenyan flower growers are currently experiencing shipment delays, hence […]
Kenya Airways CEO Allan Kilavuka speaks during an interview with Reuters at the company headquarters in Nairobi, Kenya February 11, 2022. REUTERS/Monicah Mwangi NAIROBI, Feb 14 (Reuters) – Kenya Airways expects a 20% rise in revenue this year, its chief executive told Reuters, as it battles to end losses in its passenger business and recover […]
The investors say Kenya and Africa, in general, have a myriad of glaring opportunities that need to be tapped. Last December, the African Import and Export Bank (Afrexim Bank) said it wants to pump money into Kenyan firms in various sectors as the Pan-African lender eyes an increased role in the Kenyan economy. Despite mounting […]
Businesswoman Mary Wambui Mungai has denied claims by Kenya Revenue Authority (KRA) that eight of her accounts targeted for freezing over unpaid taxes are holding a total of Sh2.5 billion. Ms Mungai and her daughter Purity Njoki were charged together with tax evasion in December together with their company Purma Holdings ltd. They were released […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.