A new research document is added in HTF MI database of 66 pages, titled as ‘Kenya General Insurance: Key trends and Opportunities to 2023’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as Jubilee Insurance Company, Cic General Insurance Company, Apa Insurance Company, […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
RenCap upgrades Coop Bank to a Buy on a better earning outlook
Coop Bank Group managing director Gideon Muriuki at a past event. The investment bank, Renaissance Capital has given a buy rating to the top three banks in Kenya in terms of asset value, projecting a better 2022 for the country’s banking sector. This, despite impending political risks associated with the general election slated for August […]
Diageo’s Kenya Unit Tops Up Spirits Stock to Guarantee Supply
East African Breweries Plc has ramped up imports of spirits to avoid any stock-outs amid global supply-chain hangovers, according to Group Chief Financial Officer Risper Genga Ohaga. The Diageo Plc unit boosted inventory by 800 million shillings ($7.03 million) in the first half, fearing the December festivities would catch it without enough alcohol for revelers […]
Gin revolution gets EABL high on profits
Gin contributed five per cent of Diageo’s reported net sales in the period between July and December 2021. The Gin revolution in Africa was driven by the prodigious consumption of Gilbey’s in Kenya. This is according to Diageo, a London-based multinational brewer that owns the majority stake in East African Breweries Ltd (EABL), in its […]
Investors snub day trading at NSE on charges
Same-day trading of shares accounted for only 3.4 percent of total deals at the Nairobi bourse, reflecting investors’ apathy towards buying and selling securities multiple times in a single day Data from the Capital Markets Authority (CMA) indicate that shares worth Sh784 million were traded through day trading between its launch date in November 22 […]
dfcu Bank Launches Recovery Loans to Support SMEs
Ronald Kasasa, dfcu Bank Head of Business Banking dfcu Bank has launched its Small Business Recovery Fund that aims at offering financial uplift to small businesses that have been adversely impacted by the COVID-19 pandemic. The dfcu recovery fund is part of the bigger industry action spearheaded by government through the Bank of Uganda. A […]
Octopus Energy reports close to breakeven financial results but predicts it will take a £100m hit from energy crisis
Greg Jackson, Octopus Energy Group CEO, said "2022 will be tough in energy." Image: Octopus Energy. Octopus Energy Group is expecting to take a £100 million hit from the energy crisis, the company announced alongside its FY20/21 results. It has set aside £2.5 million in additional funding to help customers ahead of prices jumping substantially […]
Uganda Securities Exchange mulls Airtel listing while MTN share price plunges on investor exits
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. MTN Uganda’s market value has plunged […]
Kenya: State to Bailout KQ Again As Budget Set to Rise 3.3%
Runway Nairobi — The National Treasury has revised the National budget upwards by Sh126.3 billion (3.3 percent) with the national carrier, Kenya Airways receiving the highest additional bailout funds at Sh 26 billion. Under the initial plan, KQ was set to receive Sh53.4 billion with the monies set to be directed towards maintenance of grounded […]
Suppliers wise up after burning their fingers in Nakumatt fiasco
In the case of Nakumatt and Uchumi, their collapse caught many suppliers unawares, with the thinking at the time being that the retailers were too big to fail. [Courtesy] Suppliers delivering goods to supermarkets have devised mechanisms to reduce their exposure to potential losses. Suppliers lost nearly Sh20 billion for goods they had supplied to […]