Uganda Securities Exchange (XUGA)
Notwithstanding the restrictions and devastating effects of the coronavirus pandemic on the Nigerian economy, more than 14.2 million persons travelled by air in the country through domestic and international flights in 2021. Records from the Nigeria Civil Aviation Authority (NCAA) showed that the number of passengers on inbound domestic flights were 5, 977, 927, while […]
A Jambojet plane at the Kisumu International Airport. PHOTO | FILE | NMG The airline, a subsidiary of Kenya Airways (KQ), said on Tuesday that cargo operations starting in the second week of February will target regional routes such as Goma in the Eastern Democratic Republic of Congo. Jambojet, which has been in operations since […]
NAIROBI, Kenya, Jan 27 – East African Breweries PLC (EABL) has reported a 131 per cent jump in net profits in its half year results hitting a five year high, with the reopening of bars in the second quarter of 2021 playing a major role. The firm reported a Sh8.7billion net profit in the six […]
NAIROBI, Kenya Jan 21-Shareholders’ wealth at the Nairobi Securities Exchange dropped by Sh185.73billion in the fourth quarter of 2021, as the markets still suffered from economic effects of Covid-19, the latest CMA statistical bulletin has revealed. The Capital Market Authority’s Q4 statistical bulletin shows that market capitalization at the Nairobi bourse dropped to Sh2.592 trillion […]
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 […]
Jane Karuku, EABL Group chief executive. PHOTO | FILE | NMG East African Breweries Plc (EABL) more than doubled its net profit to Sh8.7 billion in the half-year ended December, helped by increased sales on the reopening of bars and pubs. The company had made a net profit of Sh3.7 billion a year earlier. The […]
Uganda’s pandemic woes contribute to Africell’s exit Sydney, Jan. 21, 2022 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/Uganda-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW MTN in March 2020 renewed its National Telecom Operating licence for a further ten years, paying $100 million. Under the revised […]
KBA Chairman John Gachora, former chairman and KCB Group MD Joshua Oigara and CEO Habil Olaka during the KBA Annual General Meeting Bankers are piling pressure on the Central Bank of Kenya to adopt risk-based lending arguing this will unlock credit to the private sector. The Kenya Banker’s Association says the model if introduced will […]
An Emirates Airlines plane. The UAE has lifted a ban on entry of travellers from Kenya and Tanzania. PHOTO | FILE | NMG Travellers from Kenya and Tanzania will be allowed entry into Dubai from Saturday after the United Arabs Emirates (UAE) lifted a ban it had imposed on all inbound and transit passenger flights […]
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. PHOTO | COURTESY Airtel Uganda is […]
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