Ms Shamim Nambassa(C) the Makerere University Guild presIdent and Ms Anno Jjuuko (3R), the Stanbic Bank Chief Executive hold laptops during the launch of Funa ka laptop campaign at Makerere University recently. A creeping social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to Stanbic Bank Uganda, […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
How will Uganda finance its oil projects
Securing financing for oil projects might prove to be relatively hard because a number of financiers have been cutting back on funding fossil energy production due to climate concerns. Photo | File The extraction of oil has come at a tough time. The world is making a radical shift from fossil fuel as an energy […]
Five African Central Banks Set to Hike Rates to Subdue Inflation
Central banks in five African nations will likely raise interest rates in the coming weeks to tame inflation pressures that threaten to become entrenched. Those in another seven are expected to keep borrowing costs on hold as they assess the impact of supply shocks caused by Russia’s war on Ukraine. The conflict has raised fears […]
Amend insolvency law for fast revamp of the sugar sector
Trucks of sugar at the Mombasa port. FILE PHOTO | NMG The sugar sub-sector is a key factor in Kenya’s economy. Apart from providing food security, the sector employs millions that rely on it directly or indirectly through sugarcane farming, distribution, retail services and other upstream and downstream supply chain activities. The genesis of poor […]
CMC Motors, Stanbic Bank Partner to Launch Ford Finance
The Cooper Motor Corporation (CMC) group has entered into a partnership with Stanbic Bank to launch Ford Finance a deal that will enable clients to access competitive and flexible financing solutions for Ford vehicles in Kenya. Speaking during the launch, in Nairobi, CMC Motors Group Chief Executive Officer (CEO), Alan Crossan, said that the partnership […]
Covid-19, e-commerce triggering digital revolution in African air cargo
With its march towards becoming a mobile-focused economy, the African continent was recently pushed by the Covid-19 pandemic and the ongoing e-commerce growth to imbibe a digital revolution that could also disrupt the air cargo industry. The African Airlines Association (AFRAA) in a recent communication noted that the revenues of its member airlines remained low […]
Kenya Airways and SAA to create holding company by 2023 for pan-African airline group
CAPA News Briefs CAPA publishes more than 1,000 global News Briefs every week, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other […]
Kenya Airways reinstates pay cuts as bailout is delayed
The management of Kenya’s national carrier, Kenya Airways , has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a full month after the country’s supplementary budget was announced. Kenya Airways reinstates pay cuts […]
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank won the Visa Top Acquiring Award as well as the Visa E-Commerce (Acquiring) Award. Equity was also recognized for leading in eCommerce payment volumes which is attributed to a significant growth of its E-commerce volumes. […]
South Sudan – Telecoms, Mobile and Broadband – Statistics and Analyses
Sydney, March 18, 2022 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/South-Sudan-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW As a result, the number of lines in service has fallen dramatically, with little incentive to invest in fixed-line infrastructure. Such investment as there is tends to go […]