Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Investors book Sh56 billion paper loss in a day at NSE
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
KMRC to float Sh10.5bn bond to lower mortgage rate
National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR Kenya Mortgage Refinance Company (KMRC) can now float Sh10.5 billion Medium-Term Note after clearance by the Capital Markets Authority’s (CMA). The state-owned mortgage financier plans to issue the private bond in several tranches, starting with one for Sh1.4 billion which will be disbursed to participating primary […]
Centum RE secures Shs17bn investment from GEM as it eyes more investors
Managing Director of Centum Plc, James Mworia NAIROBI, Kenya Jan 11 -Centum Real Estate Limited, a wholly-owned subsidiary of Centum Investment company has signed an agreement with GEM Global yield, the Luxembourg-based private alternative investment group, to provide Centum Real Estate with a share subscription facility of up to Shs17 billion for a 36-month term. […]
Gov’t Reduces Cost of Electricity for Home Cooking, Industrial Parks
The Minister of Energy and Mineral Development, Ruth Nankabirwa speaking to reporters in Kampala on Thursday. The Minister of Energy and Mineral Development, Ruth Nankabirwa has announced changes to the Electricity Tariff Structure for customers under Umeme Limited, effective January 2022. The amendments to the Tariff Structure were made by the Electricity Regulatory Authority (ERA). […]
YAKA 2022: Check out the new Electricity tariffs that UMEME will charge
The Electricity Regulatory Authority (ERA) has reviewed and approved ne w electricity tariffs for 2022 in accordance with the principles of tariff calculation and the terms of supply of the licensees in the Electricity Supply Industry. Due to the amendment of tariff targets for UMEME Limited and Eskom Uganda Limited, the 2022 tariff base has […]
UAE lifts travel restrictions on flights from Uganda
Uganda Airlines planes at Entebbe airport The United Arab Emirates (UAE) has lifted the ban on flights from Uganda to Dubai. UAE imposed travel restrictions on some countries including Uganda about a week ago so as to contain the spread of the Omicron Covid-19 variant. However, UAE has still maintained travel restrictions on Tanzania, Kenya, […]
Uganda: MTN Uganda’s New Journey
Kampala, Uganda — The South African telecom subsidiary in Uganda, MTN, began a new journey on Dec.06, with the listing on the Uganda Securities Exchange, and the share price surging past the IPO price during the first week of trading. The company’s share price increased by an average of 2% to Shs204 during the entire […]
Uganda bags $78mln from Airtel in licence renewal payment, highest in the region
Airtel Uganda paid the Ugandan government $77.79 million to renew its 20-year licence, its latest financial report shows. The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. This comes as the parent company, […]
Uganda bags $78m from Airtel in licence renewal payment, highest in the region
Airtel Money staff assisting clients make financial transactions as mobile banking services gained traction in Uganda. PHOTO | MORGAN MBABAZI The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. According to its 2020 […]