REUTERS/Rogan Ward Serial lossmakers South African Airways and Kenya Airways signed a strategic partnership framework in November as a step towards starting on a pan-African airline group by 2023. Analysts doubt that two negatives will make a positive, and say implementing the Single African Air Transport Market (SAATM) would do more to advance Africa’s aviation […]
Tag: XUGA
Uganda Securities Exchange (XUGA)
Ugandans now own 15% of MTN Uganda
It is signed and sealed. Ugandans now own 15% of MTN Uganda. This follows the successful completion of the MTN Initial Public Offering which culminated into the listing of the telecom on the Uganda Securities Exchange. The listing was a regulatory obligation of the telecom in fulfillment of its second national telecom operator licence in […]
Switch TV Ceases On-Air Broadcast
A promotional poster of Switch TV’s new presenter lineup. Switch TV is making a radical change in its business model that will see it transition from on-air to digital broadcast. The media house stated that it will be ceasing on-air broadcast operations. In a statement dated Friday, December 10, the media group Chairman, Sahil Shah, […]
KCB ranked as most attractive listed bank in Kenya- Cytonn
NAIROBI, Kenya, Dec 13 – The Kenya Commercial Bank (KCB) Group has been ranked as the most attractive bank in Kenya supported by a strong franchise value and intrinsic value score, this is according to the Cytonn Investments Q3’2021 banking sector report. The report, themed “Banking Sector Recovers due to Improved Asset and Management Quality” […]
South Africa ‘no longer leads the world in Omicron cases: WHO
Image: Reuters Omicron is expected to trigger a fourth wave, with daily infections seen topping 10 000 by the end of the week The World Health Organisation says that South Africa ‘no longer leads the world in Omicron cases’ with more than 50 other countries now having registered cases globally. The agency says although there […]
Equity Bank ranked position 24 in the Africa top 100 banks by the Africa Business Magazine
Kenyan Banks have been listed on Africa’s top 100 top 100 banks by tier 1 capital conducted by the Africa Business Magazine. Equity was the highest ranked Kenyan bank in the report. The bank climbed three places to position 24 following a 27% increase in its capital to Ksh. 157 billion ($1.4 billion) in the […]
Regional lender Equity eyes more business after agreement
Equity Bank branch in Kibera, Nairobi, on May 24, 2020. Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya. FILE PHOTO | DENNIS ONSONGO | NMG The lender, which is […]
Octopus Energy expanding Kraken platform thanks to £227m investment from CPP Investments
Octopus launched its fan club back in January, before announcing its intention to expand it in November. Image: Octopus Energy. Octopus Energy is looking to grow its Kraken platform, thanks to a £227 million (US$300 million) investment from Canada Pension Plan Investment Board (CPP Investments). Additionally, the investment will be used to expand the Octopus […]
FEATURED: Equity Bank Rwanda IT system gets international certification
Equity Bank Rwanda PLC has received an International Standards Certification – ISO/IEC 20000-1:2018 on IT Service Security Management Systems from the British Standards Institution (BSI). The certification cements the Bank’s commitment to prioritising customer safety and satisfaction, according to the lender. ISO 20000 is proof that the Bank’s service management system is robust enough in […]
Stronger demand and rising orders spark employment growth
Uganda’s private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months, a survey showed on Friday. The Stanbic Bank Uganda purchasing managers’ index rose to 54.1 in November, down from 54.6 the previous month, according to the survey conducted by […]