Uganda Securities Exchange (XUGA)
. Zenith Bank alone debited N90bn .Banks now has effective CRR ratios of 35-45% Kayode Tokede The latest debit by Central Bank of Nigeria (CBN) on 16 commercial banks, and two merchant banks amounted to total of N178.3 billion over failure to meet 27.5 per cent CRR (Cash Reserve Ratio) threshold, THISDAY can report. A […]
Digital lenders will not blacklist defaulters of up to Sh1,000 loans in proposed Central Bank of Kenya regulations that also bar such lenders from arbitrarily varying the price of credit. The CBK draft Digital Credit Providers Regulations, 2021 published yesterday also bars the lenders from forwarding names of defaulters to Credit Reference Bureaus (CRBs) without […]
A Ugandan firm that won the lucrative bid to lease Mumias Sugar Company might not savour its victory yet after a case was filed in court yesterday to challenge the contract. Barely a day after Sarrai Group was announced as the winner of the 20-year lease, Tumaz and Tumaz Enterprises Ltd , a firm associated […]
Kenya Airways Chief Executive Allan Kilavuka. [David Njaaga, Standard] Kenya Airways (KQ) Chief Executive Allan Kilavuka says reinstating full salaries for employees will depend on sustained revenue recovery and renegotiating debts with creditors. He says the airline has seen an improvement in revenues but not enough to lift the current 30 per cent pay cuts […]
Kenya’s national carrier Kenya Airways (KQ) announced it had kicked off direct flights from South Sudan Capital Juba to Khartoum. KQ said in a statement that the new flight will originate from the Jomo Kenyatta International Airport (JKIA) in Nairobi flying to Khartoum via Juba and back to Nairobi every Wednesday and Sunday. KQ will […]
Rhetoric on the need for cooperation between airlines in Africa has never been in short supply, but action had been less forthcoming. In the current aviation landscape, filled by the emergence of new markets, two of Africa’s biggest airlines, Kenya Airways and South African Airways, are looking to re-double their efforts to remain competitive. On […]
Kenya Airways (KQ) will resume flying to Khartoum nearly two years after suspending flights to Sudan. Last Friday, KQ launched direct flights from South Sudan capital Juba to Khartoum in Sudan as it eyes Africa expansion. The national carrier said the new flight will originate from the Jomo Kenyatta International Airport (JKIA) in Kenya’s capital […]
For two weeks, many parts of the continent reeled under the Omicron virus ban. The continent’s air travel is counting its losses, one that further slows down travel recovery, writes WOLE SHADARE The removal of 11 African countries from the United Kingdom’s Red List is resulting in a return of air travel by many Africans, […]
Kennedy Wafula, a laboratory technologist at Aga Khan University Hospital, obtains a swab sample during a free Covid-19 PCR testing Travellers from 11 countries will have to undergo a mandatory rapid antigen test before entering the country, Kenya Civil Aviation Authority (KCAA) has directed. The countries include South Africa, Botswana, Zimbabwe, Malawi, Eswatini (Swaziland), Lesotho, […]
Kenya’s Finance Cabinet Secretary Ukur Yatani presents the Government Budget for the 2021/22 fiscal year inside the Parliament buildings in Nairobi, Kenya June 10, 2021. REUTERS/Monicah Mwangi NAIROBI, Dec 23 (Reuters) – Kenya aims to replace a nominal public debt ceiling with a debt anchor as a percentage of gross domestic product by the end […]
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