Uganda Securities Exchange (XUGA)
Kentucky Fried Chicken (KFC) Branch in Nairobi. [Courtesy] Random thoughts on KFC: Punguza pang’ang’a… go buy potatoes from your village, cook fries at home and leave KFC alone. And even if you boycott KFC, where will you go? Kukitos, Java, Burger King? All are in the same WhatsApp group, they serve foreign commercial interests first. […]
The public furore that erupted after the giant American fast-food chain KFC disclosed that it does not source potatoes locally because of quality standards has highlighted a major deficiency in economic policy-making in this country. We don’t have policies to guide and commit international investors to put money into developing local supply chains. A recent […]
The Kenyan banking subsidiary of Equity Group has borrowed a total of $165 million from the International Finance Corporation (IFC) – one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed […]
One of the biggest mergers in the past three years in Kenya has been what created NCBA Bank #ticker:NCBA , whose swift growth has made it the lender to watch. Just two years after the NIC Bank and CBA Bank merger, NCBA is now the largest lender by customer base. By the time of the […]
President Yoweri Museveni having moment with the Management of the East African Medical Vitals company during the launch of the East African Medical Vitals factory in Namanve Industrial Park –Mukono on 11th December 2021. President Yoweri Museveni has directed the Ministry of Trade, Industry and Cooperatives and the Ministry of Agriculture to find land to […]
Kenya which had for over a decade blocked Uganda’s sugar from accessing its market including recurrent disputes over cross border trade and protectionism, the unthinkable has happened. Details reaching Taarifa Business desk indicate that Kenya’s troubled Mumias Sugar company has been leased to a Ugandan firm triggering tough protests from local Kenya bidders. Two firms […]
Assets held by the Uganda NSSF as at September 2021 stood at $4.4 billion. PHOTO | FILE The total assets held by Uganda’s pension industry grew by 3.4 percent to $5.17 billion between July and September 2021, amid a drop in contributions and investment incomes. The current value of local pension assets is less than […]
The International Finance Corporation (IFC) is set to lend the Kenyan banking subsidiary of Equity Group #ticker:EQTY $165 million (Sh21.1 billion), marking one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange […]
Commercial banks and money lenders are swarming schools offering discounted school fees loans to parents wishing to clear tuition and procure educational materials ahead of schools reopening next week. The competition for new customers by the lenders coincides with the fact that many parents would like to take their children back to school, but are […]
Nairobi — Equity Group has acquired a USD 165 million (Sh 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 the […]
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