Uganda Securities Exchange (XUGA)
Top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed making payments following months of a freeze. The eight tier-one lenders reduced their loan loss provisioning costs by up to 39 percent, underlining the supernormal profits posted by most of them. KCB Bank […]
Centum Investment Group #ticker:CTUM said on Tuesday higher investment income helped the company narrow its half-year net loss by 66 percent to Sh662.1 million. The Nairobi Securities Exchange-listed firm had posted a net loss of Sh1.98 billion in the same period last year. The review period saw Centum Group sales jump from Sh136.2 million to […]
Centum Investment Company #ticker:CTUM has announced a dividend policy that will see shareholders receive 30 percent of investment income annually, as the firm moves to make itself more attractive to investors. The company has said it targets to strengthen its balance sheet by reducing finance costs and operating expenses to below 50 percent of investment […]
Airlines, including national carrier Kenya Airways, are staring at a slowdown in business ahead of the festive season as nations impose new travel restrictions on South Africa and seven other countries due to a highly infectious new coronavirus strain. The discovery of the new Omicron coronavirus variant in South Africa has caused a panic move […]
NAIROBI, Kenya, 30th November, 2021 -/African Media Agency(AMA)/- The events of the past eighteen months have cast a spotlight on the ability of states to support vulnerable citizens during times of crisis. In Kenya, the official state agency responsible for social security chose SAP to support its growth, enable the expansion of its services to […]
Kenya Airways planes at Jomo Kenyatta International Airport in Nairobi (file photo). A government policy that favours struggling national carrier Kenya Airways (KQ) against its cheaper competitors to transport fresh produce to other countries continues to hurt other exporters. They have complained about the lack of capacity on KQ to ferry their produce and the […]
KQ palne branded with image of a Rhino [Courtesy] Kenya Airways (KQ) has entered into a partnership with the Kenya Tourism Board to brand planes with images of wildlife to promote Kenya as a tourist destination. The campaign will also renew KQ’s commitments in the fight against illegal wildlife trade and support conservation efforts to […]
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 Wa as its […]
Minority shareholders in Rwanda’s KCB unit are scheduled to be bought out by its parent bank. According to details, KCB plans to acquire the 24% stake owned by minority investors in its Rwandan subsidiary Banque Populaire du Rwanda Plc (BPR) next year. The Kenyan banking multinational recently bought a 62% stake from London-based Atlas Mara […]
Airlines, including national carrier Kenya Airways, face fresh uncertainty ahead of the peak festive season following a surge in Covid-19 infections on key service routes such as Europe and Southern Africa. The discovery of a new Covid variant in South Africa earlier this week has triggered massive disruptions in the global airline industry as more […]
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