Uganda Securities Exchange (XUGA)
The planned partnership to form a Pan African Airline by Kenya Airways and South African Airways has left aviation pundits at a crossroads on the airline network that the two carriers will join. The two airlines already belong to different networks and aviation experts opine that how this issue will be addressed is bound to […]
Minority shareholders of Kenya Airways are trapped in the company whose shares have been suspended from trading for another year, with no clear path to how investors will be able to exit the troubled airline. The company’s share price was first banned from trading in July last year as the government, which owns a controlling […]
Airtel Kenya’s losses doubled in 2020 to Sh5.9 billion even as its auditors raised the red flag on the company’s financial health after the telco’s cumulative losses rose to Sh77.41 billion. Airtel also saw its net liability position widen further to Sh43.7 billion in the full year to March 2021, up from Sh37.78 billion as […]
To spur private sector growth and promote access to finance in Kenya, including for women-owned businesses and businesses focused on addressing climate change, IFC announced today a partnership with Bank of Africa Kenya (BOA Kenya). Through the partnership, IFC will enter a risk-sharing facility with BOA Kenya that will help the bank scale up lending […]
At least six banks are facing capital and liquidity strains that have forced them to seek the support of the Central Bank of Kenya (CBK) to stay afloat. According to the International Monetary Fund (IMF), the five small banks and one mid-sized lender are in breach of capital and liquidity ratios and are being supported […]
Nairobi (CNN Business)While passenger air travel has plummeted during the pandemic, demand for air cargo has surged. With e-commerce up and trucks often unable to cross borders, air freight became a global lifeline transporting medical supplies and personal protective equipment, as well as all kinds of everyday products. According to the International Air Transport Association, […]
FILE PHOTO: No more flights from Entebbe to Dubai. FUFA calls off trip to Dubai after flights from Uganda put on red list Entebbe, Uganda | THE INDEPENDENT | The Federation of Uganda’s Football Associations (FUFA) has called off the Uganda Cranes’ trip to the United Arab Emirates. The team was slated to travel tomorrow […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The move is the latest restriction on global travel by UAE aimed […]
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Men hold flags of the Democratic Republic of Congo and Kenya, near an airplane belonging to the Kenyan budget airline Jambojet, during the launch of a new flight to the Eastern DRC city of Goma, at the Jomo Kenyatta International Airport (JKIA) in Nairobi, Kenya, September 10, 2021. REUTERS/Edwin Waita Kenya is intensifying its investment […]
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