Uganda Securities Exchange (XUGA)
Kotoka International Airport This week’s edition of Aviation This Week focuses on some of the topical aviation industry stories between November 22 – 28, 2021 relevant to Ghana’s aviation space. Here are the highlights: PassionAir Starts Ho and Wa Flights in December PassionAair will be expanding its route network with the inclusion of Ho and […]
Business leaders in Kenya have been urged to explore new opportunities in the Democratic Republic of Congo (DRC) as the two countries commit to deepening bilateral trade ties. This was the key message during the first Kenya-DRC trade mission that kicked off Tuesday in Kinshasa that brings together hundreds of entrepreneurs from both countries. “This […]
Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya, file. REUTERS/Siegfried Modola NAIROBI, Nov 30 (Reuters) – Kenya’s Centum Investment Co PLC (CTUM.NR) said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling […]
Image: Ismagilov © 123RF.com RES4Africa and PwC have released a new study Private Sector Participation in African Grid Development. The study identifies underfinancing, inefficiency and insufficient extension of electricity grids as the main obstacles to Africa’s access to energy. Africa’s electricity grids are characterised by infrastructural flaws, inefficiency and limited coverage, preventing universal access to […]
The government yesterday assured Ugandans that Entebbe International Airport has not been surrendered out to China, or any lender, in exchange for cash. In a statement issued last night, the Information Minister Dr Chris Baryomunsi, who is the government spokesman, said "[the] government of Uganda would like to make it categorically clear that the allegation […]
Kenya Airways and Ethiopian Airlines planes at Kamuzu International airport in Malawi. FILE PHOTO | COURTESY The European Union, the United States, Israel, United Arab Emirates, the UK, among other nations, have suspended flights to southern Africa while Singapore, Italy, and Israel have placed all of those nations, plus Mozambique, on their red lists. Kenya […]
James Mworia, Group CEO of the Investment firm company /FILE Nairobi, Kenya, Nov 30 – Centum Investment Company has reported KES425 million half-year operating profit, helped by a strong performance by its investee businesses. The increase in operating profit from KES95 million reported in the first six months of last year was mainly driven by […]
Centum chief executive James Mworia. FILE PHOTO | NMG The review period saw Centum Group sales jump from Ksh136.2 million ($1.2 million) to Ksh1.23 billion ($10.9 million), while investment and other income jumped from Ksh329 million ($2.9 million) to Ksh771 million ($6.8 million). Group CEO James Mworia said the company was witnessing recovery across various […]
Africa Africa’s aviation sector recovery prospects looking up The aviation industry outlook is giving better prospects of recovery for African airlines compared with those in the Middle East and Europe. An analysis by the African Airlines Association (AFRAA) shows African carriers are on a recovery trajectory, having reopened 81.3% of their international routes. Sub-regional growth, […]
Kenya’s President Uhuru Kenyatta and South Africa’s Cyril Ramaphosa during a recent business forum in Pretoria. PHOTO | PSCU The two cash-strapped and loss-making carriers this week advanced a cooperation agreement they entered into two months ago into a strategic partnership framework to jointly launch a pan African airline group by 2023. The partnership builds […]
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