Uganda Securities Exchange (XUGA)
A 26-year-old man survived a flight from Guatemala to Miami on Saturday after hiding in the airplane’s landing gear compartment, officials said. American Airlines Flight 1182 from Guatemala City landed at Miami International Airport just after 10 a.m. on Saturday, according to Alfredo Garduño, a spokesman for the airline. Once the plane landed, it “was […]
According to Takatso, which consists of Global Airways, which owns low-cost airline LIFT, and private-equity firm Harith, negotiations with the DPE are continuing. The due diligence process for Takatso to buy 51% of SAA is now complete, the consortium says. It said that no material issues were identified in the deal. Minister of Public Enterprises […]
Co-operative Bank had the highest volume of non-performing loans. FILE PHOTO | COURTESY East Africa’s top retail banks booked more than $125 million of bad loans in the nine months to September this year, as borrowers struggled to repay their loans following the expiry of a 12-month loan repayment relief programme for customers adversely impacted […]
The Fuliza overdraft service transacts more than Sh1.2 billion daily. Safaricom’s overdraft facility, Fuliza, has taken less than three years to capture the digital lending market. But the telco’s climb to the pinnacle of the market segment has been anything but smooth. It started with M-Kesho—the ill-fated product launched by the mobile service provider in […]
NMB Bank has continued to rise and shine at the bourse since the ice broke two weeks, thanks to its outstanding performance in the first nine months of the year. The bank, one of the largest in the land, share price increased by 8.51 per cent to close last week at 2,040/- and assisting pushing […]
Construction of the Dongo Kundu bypass bridge, Mombasa. [Robert Menza, Standard] The government is upbeat that Vision 2030 will be achieved within the set time frame despite major challenges that have hampered its implementation. Key in the vision was an annual economic growth rate of 10 per cent, which is far from being achieved with […]
James Mworia, Group CEO of the Investment firm company /FILE Nairobi, Kenya, Nov 26 – Centum Real Estate Limited has earned Sh1.1 billion revenue from the sale of houses in the six months ended September 2021. The strong sales helped Centum Real Estate to record an Sh144 million gross profit from residential units in the […]
The Capital Markets Authority has offered ‘no objection’ for the marketing of MTN Uganda’s Initial Public Offering (IPO) in Kenya. This means MTN Uganda is allowed to market the shares to both Professional Investors and Retail Investors. The offer opened on 11th October 2021. MTN Uganda’s marketing in Kenya is spearheaded by SBG Securities, and […]
An investor looks at the digital board at the Nairobi Stock Exchange(NSE)/FILE The Capital Markets Authority has approved the de-listing of the National Bank of Kenya from the Nairobi Securities Exchange. This follows the successful takeover of 100 per cent shareholding of NBK by KCB Group and NBK shareholders approval. “Notice is hereby given on […]
Entebbe airport Government has dismissed reports that China could take control of the country’s only international airport because of a failure to honour a loan agreement. China’s embassy in Uganda also dismissed the report. But analysts note the loan deal could become a problem if Uganda ever has trouble paying it back. Daily Monitor reported […]
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