Planes at the Moi International Airport. PHOTO | JEFF ANGOTE | NMG The cost of air tickets for domestic routes has fallen by more than half after the Easter holiday ended, giving relief to travellers who had been stranded when charges more than doubled. A one-way ticket that was costing as high as Sh17,000 on […]
Tag: XUGA_NMG
Nation media Group posts tenfold increase in full-year net profit
Nation Media Group CEO Stephen Gitagama. FILE PHOTO | NMG Nation Media Group has recorded a tenfold increase in net profit to Ksh493.1 million ($4.2 million) in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. […]
KQ turnaround must rise above State bailouts
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG Air transport plays a key role in many economies. In Kenya, the Vision 2030 blueprint aims at positioning the country as a transport hub in the region. With the African Continental Free Trade Area pact in […]
NMG posts tenfold increase in full-year net profit
Nation Media Group (NMG) #ticker:NMG has recorded a tenfold increase in net profit to Sh493.1 million in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. Total revenues rose 12 percent year on year to Sh7.6 […]
Nation Media Group: Book Closure Date 2022
NMG Ex Dividend / Book Closure Date: 17th June 2022; Dividend Amount: 1.5 KES per share; Payment Date: 29th July 2022
Judge cancels takeover of Mumias Sugar by Ugandan firm
Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG The High Court in Kenya has cancelled a 20-year-lease awarded to Uganda-based Sarrai Group to manage Mumias Sugar Company. Justice Alfred Mabeya cancelled Sarrai Group’s lease on grounds it would benefit KCB and ignore the interests of Mumias shareholders and other lenders, noting […]
KQ eyes revenue in drone pilots licence
Kenya Airways Flight Lands in Mombasa from the Jomo Kenyatta International Airport in Nairobi. PHOTO | KEVIN ODIT | NMG Hundreds of drone pilots seeking to obtain a Remote Pilot License (RPL) with Kenya Airways will pay less if they book the course during this Easter festivities in a new plan by the carrier to […]
URA collections boosted by reopening of economy
With the half year revenue collection calendar already elapsed, the Uganda Revenue Authority (URA) is still behind in its domestic revenue collection targets of slightly more than $6.17 billion. FILE PHOTO | NATION MEDIA GROUP Uganda Revenue Authority (URA) has recovered from Covid-19 related shocks of about two years, posting a collection surplus in March. […]
PVR Rao: ‘The unwilling suitor’ in Mumias revival union
Mumias Sugar receiver-manager Ponangipalli Venkata Ramana Rao during a May 2020 briefing. FILE PHOTO | NMG The name Ponangipalli Venkata Ramana Rao had become synonymous with ailing miller Mumias Sugar Company . He was appointed by KCB Group as the receiver-manager of Mumias Sugar in 2019 after the miller failed to pay its debt running […]
Equity to inject Sh11bn capital into DRC unit
Equity Bank CEO James Mwangi. PHOTO | CYRIL NDEGEYA | NMG Equity Group is set to inject additional capital of $100 million (Sh11.5 billion) into its new subsidiary Equity Banque Commerciale du Congo (Equity BCDC). The funds will strengthen the subsidiary’s capital base as it seeks to scale up its lending and other banking operations […]
