Uganda Securities Exchange (XUGA)
Equity has launched an enhanced centralized digital payment solution for traders through a single Equity Till Number. The solution, a first in the Kenyan market, enables merchants to receive payments from multiple payment channels or mobile wallets through a single till number. Using the single Equity Bank Till Number, merchants can receive payments from customers […]
Companies need capital to pay for their operations, such as the production of goods or services. Companies invest capital in a variety of ways with the intention of creating value. There are different types of capital, including working capital, debt, equity, and (for financial instructions), trading capital. A company’s capital structure will depend on the […]
LITTLE ROCK, Arkansas, Jan. 20, 2022 (GLOBE NEWSWIRE) — Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income for the fourth quarter of 2021 was $149.8 million, a 24.3% increase from $120.5 million for the fourth quarter of 2020. Diluted earnings per common share for the fourth quarter of 2021 were a quarterly […]
The bourse opened the trading session this year with investors exhibiting high appetite for stocks after posting a record 2.5bn/- during the first week of the year. DSE’s weekly market report said the volume of shares traded was 2,051,835 with NMB Bank Plc accounting for 51.1 percent or 271,800 shares traded. Meanwhile, an Orbit Securities […]
Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting chairman of Kampala City Traders Association (KACITA). Musoke, who spoke to The Independent in an interview […]
Centum Group CEO James Mworia during a past investor briefing/ A financial consultancy that helped Centum Investment Company’s real estate subsidiary Centum Real Estate to raise Sh17 billion through the issuance of new shares wants a share of the money. Raisin Limited has written to Centum Development Kenya Limited stating it had entered an agreement […]
UK’s Minister for Africa, Vicky Ford MP ( pictured above ) said his government was extending a total of £37 million to Equity Bank Kenya for onward lending to small businesses. “Our economic partnership is delivering impressive results, and we have some ambitious, exciting plans for the future. Plans that will deliver for Kenya, and […]
Kenya Commercial bank (KCB) branch at Kipande House along Kenyatta Avenue, Nairobi Banks’ pretax profits for 10 months to October last year grew by 63.7 per cent on the back of increased lending and reduced loan defaults. Fresh data from the Central Bank of Kenya (CBK) shows the earnings grew to Sh161.9 billion from the […]
An Emirates Airlines plane. FILE PHOTO | NMG The Kenya Civil Aviation Authority (KCAA) Monday issued the order extending the Dubai fights suspension until January 24, 2022 after the two nations failed to reach a settlement. KCAA director-general Gilbert Kibe says he has opened talks with his counterpart in Dubai to lift the ban failing […]
Firstly, the industry has to contend with huge disparities in economic and air transport development. There is also an uneven distribution of international air passenger traffic across regions and within countries. The traffic is predominantly centered in a few hubs in North, East and South Africa; and in the large and medium-size cities. Other challenges […]
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