Uganda Securities Exchange (XUGA)
December 03, Kampala: There is good news for the economy about rising employment levels for the last six months as the country continues to recover from the COVID-19 pandemic hit. According to Stanbic Bank Uganda’s Purchase Managers’ Index (PMI) for the month of November, job creation was signaled in the country’s private sector for the […]
• The Health Ministry set December 21 as the deadline during which all people either leaving the country or entering will be required to be fully vaccinated. • The government is racing against time to meet the 10 million vaccinations target before end of December. 10.8% FULLY JABBED: Health CS Mutahi Kagwe during a mass […]
SAA this week announced signing a co-operation agreement with local and regional carrier CemAir that extends the route network reach of both operators. Picture: Simphiwe Mbokazi, ANA. The operations of national carrier SA Airways (SAA) have largely escaped the turbulence hitting international carriers, which are facing mass cancellations as travellers avoid strenuous travelling restrictions due […]
As for Diani Reef Resort and Spa, it holds the prestigious award for being the 2015 Africa’s Leading Spa Resort and 2015 Kenya’s Leading Beach Resort awarded by the distinguished World Travel Awards- Diani Reef Beach Resort & Spa. /COURTESY. NAIROBI, Kenya Dec 10 – Hotels at the Coast are recording a boom this Christmas […]
Dar es Salaam . Kenya airways and South African Airways have signed a Strategic Partnership Framework that is set to establish a Pan-African airline in a future as near as 2023. The proposed merger comes at a time when regional competition is hotting up from airlines such as Air Tanzania, Uganda Airlines and RwandAir. The […]
In the race to net-zero, aviation is going to need all the solutions that become available, says Brazilian OEM Chief Executive Arjan Meijer. While everyone in the value chain is pointing at each other, asking when things will get done, environmental targets will only be reached through a collective effort across the board, the planemaker […]
Embraer’s Eve Urban Air Mobility Solutions (or just Eve for short) has secured yet another customer as it prepares for the future of urban transportation. The company, focused on electric vertical takeoff and landing aircraft (eVTOL), announced on December 6th that it had entered a partnership with Sydney Seaplanes for 50 aircraft. This will see […]
A collage of the ‘I love Nairobi’ phrase displayed on GTC tower along Waiyaki Way. Driving down Waiyaki Way within Nairobi City, you are likely to notice the phrase ‘I Love NBO’ emblazoned on the upcoming Global Trade Center Towers. For years, residents and visitors of the city in the sun have often differed on […]
SOUTH AFRICAN MARKET COMMENTARY Local stocks traded lower on Friday as the JSE All Share index recorded a 0.3% decline to 70,808 index points, while the blue-chip Top 40 index closed 0.39% lower. Resources were the biggest drag, with the local J210 index shedding 1.56%. On the data front, South Africa’s private sector business activity […]
MTN Uganda Ltd. shares climbed as much as 2.5% in their debut on the Uganda Securities Exchange after an initial public offering that was undersubscribed by 35%. MTN raised 535.9 billion shillings ($150.3 million) after floating a 20% stake in an IPO that was the biggest in the East African nation’s history, doubling the Kampala […]
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