Energy firm Ardova PLC completed a full buyout of rival Enyo Retail and Supply Limited, the board of directors said in a letter posted by the Nigerian Exchange Limited on Wednesday, almost eight months behind initial target. The purchase marks the second major deal in the mergers and acquisitions market of the Nigerian oil and […]
Bank investors are set for a significant increase in dividend income in the next five months as the listed lenders make cash distributions for the year ending December amid improved profitability and brighter economic prospects. KCB Group #ticker:KCB, Standard Chartered Bank Kenya #ticker:SCBK and Stanbic Holdings #ticker:SBIC have paid or declared interim dividends totalling Sh5.7 […]
Amb. Richard Kabonero, High Commissioner met Hon. January Makamba, Minister for Energy, Tanzania in Dar es Salaam this morning for discussions on bi-lateral cooperation and the upcoming Tanzania-Uganda Oil & Gas Symposium Preparations for the Tanzania-Uganda Oil & Gas Symposium have gained momentum with key private sector players confirming their attendance. The high level event […]
Partnering executives addressed journalists on Monday this week. Kampala, Uganda | THE INDEPENDENT | The much-anticipated East African SME Oil and Gas Conference kicks off Thursday this week, in Kampala, organized by Stanbic Uganda Holdings in partnership with Uganda National Oil Company (UNOC), the Petroleum Authority of Uganda, CNOOC, and the Uganda Investment Authority (UIA). […]
But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector recorded a third successive monthly increase […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
Equity Group #ticker:EQTY is open to repurchase a stake in mortgage lender HF Group, signalling a shift in its appetite to acquire rivals in the Kenyan market. Equity chief executive James Mwangi said the bank would review its interest in HF, seven years after selling its 24.7 percent stake to insurance group Britam. Britam plans […]
Standard Bank customers in nine African countries to enjoy enhanced digital payments experience in partnership with Flutterwave Standard Bank, Africa’s largest bank by assets, has partnered with Flutterwave, Africa’s leading payments technology company, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard […]
KCB Bank #ticker:KCB has partnered with Tata Africa to provide vehicle financing for construction trucks amid an increasing demand pushed by government infrastructural projects. Under the deal, KCB Bank will fund up to 95 percent of the loan with a repayment period of six years for customers buying vehicle in the one year. The partnership […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
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