Uganda Securities Exchange (XUGA)
A Kenya Airways ground crew checks in passengers at the Jomo Kenyatta international airport in Nairobi on August 1, 2020. FILE PHOTO | NMG The competition watchdog of the Common Market for Eastern and Southern Africa (Comesa) said initial investigations have found some airlines in the region are culpable of engaging in anti-competitive practices. The […]
MV Uhuru II under construction at Kenya Shipyards Ltd in Kisumu, western Kenya. PHOTO | FILE | NMG Kenya Shipyard Limited (KSL) has received six orders from Tanzania and Uganda for the construction of ships, raising the business prospects of the newly formed entity. The firm’s deputy director, Peter Muthungu, added that it had another […]
Download logo The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) ( www.PIDG.org ), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Kenya Commercial Bank branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG The Treasury has been asked to release funds for settling a Sh6.7 billion KCB loan which was used to purchase subsidised fertiliser. The State Department for Crop Development and Agricultural Research told Parliament last week […]
HMG Global Business Manager Mark Misumi and a model during the launch of Nokia 2.3 in Kenya. PHOTO | COURTESY HMD Global, the maker of Nokia-branded smartphones is targeting businesses for device financing to help increase adoption of its phone and grow its markets share. The Finnish mobile phone manufacturer said it will work with […]
Kampala, Uganda — In a bid to reach the underserved and unbanked population, Equity Bank Uganda has today (Feb.02) launched account opening services on the phone using the USSD *247# code, furthering its commitment to invest in the financial deepening and inclusion in the country. The move, officials said, will also increase access to mainstream […]
Business conditions improved in the private sector in January, buoyed by the reopening of schools following an extended period of closure due to the Covid-19 pandemic according to the latest Stanbic Bank Purchase Managers Index (PMI). Despite an increase in fuel prices, the PMI posted 54.9 in January, up from 51.5 in December and above […]
Nairobi — US-based global integrated risk assessment firm, Moody’s has predicted the possibility of more merges of small Kenyan banks which it says faces continued solvency and liquidity challenges. In its report, the rating agency noted that the government’s capacity of providing support to failing banks is deteriorating compared to the high chances of providing […]
The Bank of Uganda Executive Director of the Bank Supervision, Tumubweine Twinemanzi has said that banks ought to digital banking solutions or else their customer base will remain law. "The biggest percentage at 75% of our population is below the age of 35. These want 24/7 access to the services you have. They want user […]
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