Uganda Securities Exchange (XUGA)
A Kenyan passport. FILE PHOTO | NMG Kenya’s passport is now the eighth most powerful in Africa and 71 globally after its mobility score improved six places in the latest ranking. The Henley Passport Index Report released on Monday shows that the number of countries that Kenyans can visit without a visa, or obtain it […]
African Airlines Association (AFRAA) wants states to abolish the use of the Covid-19 certificate as a means for admitting travellers into their countries until when there will be reasonable accessibility to vaccines globally. AFRAA says the travel industry is reeling from the adverse impact of the re-introduction of travel restrictions and implementation of blanket travel […]
Equity Bank Kenya #ticker:EQTY is set to receive Sh5.66 billion (£37 million) from UK’s development finance institution British International Investment (BII) – formerly known as CDC Group – for onward lending to small businesses. UK’s Minister for Africa, Vicky Ford MP said the funds will be used to help the bank serve more Kenyans, especially […]
Nakuru Governor Lee Kinyanjui and KCB Director Retail Anastacia Kimutai Signs an MOU during the launch of Nakuru County Enterprise Fund worth Kshs 850 million that was held in Nyayo Garden Nakuru on January 7, 2021. [Harun Wathari, Standard] Small and Medium Enterprises (SMEs) in Nakuru County are set to benefit from a Sh850 million […]
Airtel Kenya is surviving on a series of shareholder loans from its parent company, most of which it is unable to service, its financial filings show. Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up to Ksh52.2 billion ($460.9 million) in the year ended December […]
International airlines flying into Harare’s Mugabe International Airport are out of pocket, with millions of dollars unable to be repatriated from the country. International airlines are among the many foreign companies waiting to repatriate around US$2.5 billion reportedly stuck in Zimbabwe. Foreign airlines have nearly US$178 million trapped in Zimbabwe they cannot repatriate. Photo: Getty […]
(Delwyn Verasamy/M&G) This op-ed won the audience prize of the inaugural The Continent /Democracy in Africa Prize for Comment Writing Cooperation in Africa’s air travel could create at least 155 000 jobs and $1.3-billion more in economic growth. It could also stop the situation where travelling to Europe is cheaper than travelling around the continent. […]
Equity Bank Equity Group has acquired a US$ 165 million or KES 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from IFC, which is a member of […]
Equity payPal Equity Bank is moving from taking 3 business days to settle PayPal withdrawals to 24hrs or one business day. The bank has announced this today calling it the ‘ fastest PayPal settlement period in the country ‘. ( M-Pesa – PayPal withdrawals however are nowadays immediate – taking less than 3 minutes). Equity […]
The Gateway Research Centre, a non-profit organisation has called for the Value Added Tax on electricity to be reduced to lower the cost of doing business. The organization led by Susanie Nannozi Ggoobi, noted that the Parliament and cabinet should discuss with the Electricity Regulatory Authority (ERA) to lower the monthly Yaka service by 50 […]
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