Uganda Securities Exchange (XUGA)
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Nairobi. The Democratic Republic of Congo (DRC) has tipped Kenyans to invest in its minerals and agricultural sectors in deals that will get Equity Bank financing. The Governor of […]
Nairobi — National Airline, Kenya Airways (KQ) and Italy’s new flag carrier, ITA Airways, have announced a codeshare agreement providing passengers with seamless connections from the KQ network to destinations across Europe. Under the new agreement, travellers will be able to connect to ITA Airways network across Europe and reach some of Italy’s most picturesque […]
DEBT: Graph showing Kenya’s surging debt. Image: COURTESY While Kenyans are off resting over the Christmas break, National Treasury mandarins are burning the midnight oil, putting in play a final onslaught on public coffers. The exchequer is going for broke as it desperately seeks to fill a yawning budget gap fuelled by corruption leaden legacy […]
The Treasury will borrow up to Sh41.8 billion from the dollar reserves the Central Bank of Kenya (CBK) received from the International Monetary Fund (IMF) in form of special drawing rights (SDR) in August. The government told the IMF that it wants to utilise part of the funds locally and would borrow half of the […]
The quantity of imported hard liquor jumped to 16.3 million litres in 2020. [Courtesy] Imports of brandy, gin, whiskey and rum increased by 45 per cent at the height of the Covid-19 pandemic. This is the highest jump in seven years. Data from the Kenya National Bureau of Statistics (KNBS) shows the quantity of imported […]
Airtel Uganda Managing Director, Manoj Murali Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, […]
Centum Investment Group cut its half-year losses by 67 per cent on the back of increased revenues across its business lines. The net loss for the half-year ended September 2021 was Sh662.1 million compared to Sh1.98 billion loss that the diversified investment firm posted in a similar period in 2020. “We have seen improved performance […]
NIGHTMARE: Motor vehicles along Uhuru Highway in Nairobi Image: /FILE Do you own or want to buy a motor vehicle in Kenya? You will have to dig deeper into your pockets to get covered, as underwriters adjust upwards-payable premium rates. Some firms have increased rates by up to 50 per cent, communications to clients, seen […]
In 2021, local and international companies raised their stakes in strategic companies across the Kenyan economy Investors set their sights in the insurance sector, banking sector, the energy sector and hospitality The investors made the acquisitions amid the ongoing economic recovery from the negative impact of the COVID-19 pandemic As business conditions in Kenya continued […]
Kampala residents leave the city on December 23, 2021, to celebrate Christmas upcountry. PHOTO | MORGAN MBABAZI | NMG East Africans are spending the Christmas festivities with a dark cloud of the fast-spreading Omicron Covid variant, government curbs, and financial pressure from the pandemic effects hanging overhead. From vaccine mandates to travel hassles and curfews; […]
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