Uganda Securities Exchange (XUGA)
Digital wallets have revolutionised the financial services industry by providing instant and convenient payment to consumers. In many countries, digital wallets have democratised payments, by enabling everyone – unbanked or banked to use these services. Consequently, digital wallets have seen mass adoption globally. According to Juniper Research, there were 2.6 billion unique digital wallet users […]
Kenya Airways planes at the JKIA in Nairobi. FILE PHOTO | NMG Dubai has extended the ban for all inbound and transit passenger flights from Kenya till December 24 amid a surge in Covid-19 cases in the country. The Dubai Civil Aviation Authority (DCAA) had announced a 48-hour suspension on all flights from Kenya to […]
Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG The 20-year lease, however, excludes assets in the firm’s ethanol and cogen plants, which recently were seized by Pan-African lender Ecobank and French development financier Proparco from KCB Group. Mumias, which used to be Kenya’s leading producer at more than 250,000 tonnes a […]
The flags of EAC member states including Rwanda, Kenya, Burundi, Tanzania and Uganda. FILE PHOTO | NMG After the virtual 18th Extra-Ordinary Summit on Wednesday, Heads of State said they had authorised ministers to conduct another round of talks with DRC on how it can be admitted into the bloc. The entry of DRC was […]
Kenya remains a world-leading safari destination in 2021, according to the World Travel Awards. This marks the seventh time in a row that the country has been recognised as the premier wildlife tourism stop at the prestigious annual global awards. Kenya beat Botswana, South Africa, Tanzania, Namibia, Zambia and Zimbabwe. The announcement was made on […]
KCB Uganda has rolled out ATM recyclers at select banking halls across the country, as a way of enhancing customer experience and improving the turnaround time. A cash recycler is a machine that accepts and dispenses cash through secure means. It keeps an accurate accounting of cash on hand and automates the cash cycle. In […]
The Treasury has budgeted Sh95.5 billion to partly ease cash crunch in key parastatals in three years from July 2022, citing their strategic roles in economic development. A fiscal risk analysis conducted early this financial year estimated 18 key parastatals face a cash shortfall of Sh382 billion in five years in the wake of Covid-19 […]
The High Court has declined to stop the order from President Uhuru Kenyatta suspending the blacklisting of defaulters with loans of less than Sh5 million and sharing data of borrowers negatively listed with credit reference bureaus (CRBs). Justice James Makau rejected the push to suspend the order in a court fight that pitted the Central […]
Two Rivers Mall will convert a Sh4.5 billion loan into a security that will see an undisclosed lender earn dividends and get a share of the shopping complex if the owners decide to sell it, in a plan to reduce interest expenses. The debt was part of $96 million (Sh10.89 billion) secured during the construction […]
Kenya Airways has suspended passenger flights to Dubai following a 48-hour flights ban by the Middle East country amid a surge in Covid-19 cases in Kenya. The national carrier said Tuesday it would refund passengers who had booked tickets for travel within the suspension period. The travellers will also be allowed to rebook when flights […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.