A Jambojet plane at the Kisumu International Airport. FILE PHOTO | TONNY OMONDI | NMG Jambojet managing director Ndegwa Karanja said with the stringent Covid-19 travel regulations in the two East African nations, the carrier does not have plans to resume flights in those destinations soon. Uganda demands that all passengers going to Entebbe must […]
Kenya Airways has been operating three flights to Ethiopia every week but it has added four more frequencies to cater for high demand as countries repatriate their citizens from Addis Ababa. PHOTO | FILE | NMG Kenya Airways has increased scheduled flights to Ethiopia from three to seven a week as high demand for passengers […]
The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
A member of the Ethiopian military force holds the Ethiopian national flag whilst sitting on the shoulders of newly recruited members of the military during a farewell ceremony for new recruits joining the Ethiopian military force to Tigray, organised by the Mayor in Addis Ababa on July 27, 2021. AFP PHOTO | NMG Kenyan telecommunication […]
HFC Group CEO Robert Kibaara speaks at a past event. PHOTO | SALATON NJAU | NMG Mortgage lender HF Group has formally started the hunt for a strategic investor after it invited suitors to place their bids. HF Group chief executive Robert Kibaara said Thursday the Nairobi Securities Exchange (NSE) listed financier had launched the […]
The Treasury has agreed to inject cash into Kenya Power and Kenya Airways in the financial year starting July 2022, citing the role of the two struggling firms in supporting economic recovery from Covid-19 knocks. No bailout was allocated to the two firms in the current financial year, raising concerns their worsening cash flow positions […]
A Jambojet plane at the Kisumu International Airport. FILE PHOTO | TONNY OMONDI | NMG Jambojet managing director Ndegwa Karanja said with the stringent Covid-19 travel regulations in the two East African nations, the carrier does not have plans to resume flights in those destinations soon. Uganda demands that all passengers going to Entebbe must […]
A Kenya Airways cargo plane. FILE PHOTO | NMG Africa witnessed the highest growth in international freight cargo volumes in September compared to any other region in the world as the airlines continue recovery from the impact of Covid-19. Data from the International Air Transport Association (IATA) indicates that Africa recorded a 34.6 percent growth […]
Stanbic Holdings has announced the appointment of Mr. Joseph Muganda as an Independent Non-Executive Director on the Board effective 12th October, 2021. Joe Muganda holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting and Financial Management from the University of Buckingham (UK). He has previously worked as the Managing Director […]
Nation Media Group (NMG)-Uganda will tomorrow launch a new and refreshed website for its flagship Uganda title, the Daily Monitor newspaper, as the first of many steps in the company’s digital transformation journey. The website, which will go live at midnight tonight, will incorporate content types from across the group’s media platforms, feature aspects of […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.