The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
Stanbic Bank has announced the launch of one of the largest banking loyalty programmes in the country to date. The PlusRewards programme, which will be launched today, is aimed at supporting and enabling economic growth by providing Stanbic Bank merchants with a loyalty mechanism to drive customer engagement and ultimately additional sales. Head, client solutions, […]
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 […]
Tanzania Agriculture Development Bank (TADB) has signed agreement with Kilimanjaro Co-operative Bank Limited (KCBL) to enable lending small holder farmers in Kilimanjaro Region at affordable interest. The agreement will see 2bn/- being lend to small holder farmers, livestock keepers and fishermen in the region that will contribute immensely to growing their undertakings. It will make […]
Stanbic Africa Holdings Limited (SAHL) has continued to consolidate its ownership in Stanbic IBTC Holdings Plc (Holdco) with acquisition of fresh equity. The company which is the single largest majority shareholder and parent company of Stanbic IBTC Holdings Plc, increased its shareholding with about 56,763,584 units of shares between September 2021 and November 12, 2021. […]
Central Bank of Kenya. FILE PHOTO | NMG The suspension of black listing of defaulters with Sh5 million loans and below for a year has given small businesses and individuals hurting from the effects the Covid-19 pandemic a major relief. But the directive is a double-edged sword given that it may end up denying the […]
Kampala, Uganda — Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and gas sector, sector players said. Patrick Mweheire, the Chief Executive at Standard Bank Group, Eastern Africa and Chairman of Uganda Chamber of Mines and Petroleum said […]
Tanzania Agriculture Development Bank (TADB) has signed agreement with Kilimanjaro Co-operative Bank Limited (KCBL) to enable lending small holder farmers in Kilimanjaro Region at affordable interest. The TADB has set aside 2bn/- for lending to small holder farmers, livestock keepers and fishermen in the region that will contribute immensely to growing their undertakings. The agreement […]
Dangote Cement and MTN Nigeria are the two biggest publicly listed company in Nigeria as at October 2021 The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a […]
By Dipo Olowookere Nigeria’s main stock market was down by 0.68 per cent on Friday, thanks to the profit-taking in shares of MTN Nigeria, UPDC and 13 others. The equity price of UPDC went down by 9.47 per cent to N1.53, Livestock Feeds dropped 8.68 per cent to N2.00, Prestige Assurance fell by 8.51 per […]
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