Uganda Securities Exchange (XUGA)
An Emirates Aircraft. FILE PHOTO | NMG Kenya has suspended all inbound and transit passenger flights from the United Arabs Emirates (UAE) to retaliate against a move by Dubai to ban all passenger flights from Kenya over fake Covid tests. Kenya Civil Aviation Authority (KCAA) Director-General Gilbert Kibe told The EastAfrican Tuesday that the suspension […]
Kisumu — Farmers across the fourteen counties forming the Lake Region Economic bloc (LREB) have been urged to seize export opportunities as the inaugural flight carrying cargo from Kisumu International Airport departed on Saturday evening. Fresh green chili weighing 1.8 tonnes was loaded into the plane as the first consignment with the airline targeting 6,000 […]
Nairobi — 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. The equity investment which is subject to Centum’s public […]
An Airtel shop. Airtel Kenya is surviving on a series of shareholder loans from its parent company, records show. PHOTO | FILE | NMG Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up in the year ended December 2020. These shareholder funds, Airtel said, are […]
A view of Garden City Mall along Thika superhighway on February 15, 2021. PHOTO | LUCY WANJIRU | NMG British private equity investor Actis is set to bank Sh226 million ($2 million) annually in rent from the Garden City Business Park on Thika Road, which is nearly fully occupied after bagging two new corporate tenants. […]
Centum’s #ticker:CTUM real estate arm is seeking to raise Sh17 billion in equity investment from Luxembourg-based private equity firm GEM Global Yield, with the fund effectively underwriting the planned listing of the property developer. Centum Real Estate said on Tuesday that it will control the timing and the size of drawdowns from the fund which […]
Former Dubai Bank chairman Hassan Zubeidi. PHOTO | PAUL WAWERU | NMG Former Dubai Bank chairman Hassan Ahmed Zubeidi and former senior managers at Kenya Airways were on Tuesday charged with stealing Sh521.9 million from the national carrier. Mr Zubeidi was charged together with former managers at KQ, Elijah Itegi Githinji, Grace Wamuyu Mathenge, Jane […]
KAMPALA, Jan. 6 (Xinhua) — Uganda’s Purchasing Managers’ Index (PMI) fell to 51.5 in December last year, down from 54.1 in November, a bank reported on Wednesday. The new reading in the monthly report issued by Stanbic Bank, Uganda’s largest bank, attributed the decline to price pressures and a drop in employment. "Staffing levels dipped […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
Friday, December 10, 2021/ 03:00PM / United Capital Research / Header Image Credit: World Bank Anglophone West Africa Nigeria The National Bureau of Statistics (NBS) released the Q3-2021 Foreign Trade in Goods Statistics, showing that Nigeria’s total trade in merchandise increased by 58.6% y/y in Q3-2021 to N13.3bn (a 10.4% q/q increase from Q2-2021). Furthermore, […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.