Nation Media Group Sinks into KSh 205.7 Mn Loss
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark [...]
Liberty Kenya Holdings Plc Posts Net Profit of KSh 671.9 Million
Liberty Kenya Group recorded net earnings of KSh 671.9 Million for the financial year ended 31st December 2023 compared to KSh 267.7 Million over the same period in 2022. Liberty [...]
Bank of Uganda Hikes Benchmark Rate to 10.25%
The Bank of Uganda’s Monetary Policy Committee (MPC) has raised the Central Bank Rate(CBR) to 10.25% at its April meeting. In a statement, the Bank of Uganda said while recent [...]Bank of Uganda Downgrades 3 Tier 1 Banks to Credit Institutions
Three commercial banks in Uganda will transition from Tier I commercial banks to Tier II credit institutions , the Bank of Uganda said in a statement on Wednesday. “The three [...]
Uganda's Microfinance Regulator Protests Move to Ministry of Finance
Uganda's microfinance sector's regulator, the Uganda Microfinance Regulatory Authority (UMRA), has protested a plan by the government to move it into the Ministry of Finance. “UMRA’s unique role in safeguarding [...]Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya
Uganda's Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. “Wepropose to reduce allocation on stocks listed on Nairobi Securities Exchange and selectively reallocate [...]Uganda Approves New Aviation Law
Uganda's parliament has passed the Civil Aviation Authority (Amendment) Bill, 2024 that will bring the country's aviation authority in conformity with the Convention on International Civil Aviation. “The chief investigator [...]Uganda Speeds Up Aviation Law Changes to Fix Gaps
Uganda is speeding up amendments to its aviation laws to fix significant gaps identified in a September 2023 audit, its parliament said in a statement on Tuesday 30th Jan. While [...]Ugandan MPs Question Increased Investment in Uganda Airlines
Ugandan Members of Parliament (MPs) on the Budget Committee have asked government to justify the continuous capitalisation of Uganda Airlines. “We need to understand the Government investment in the airline; [...]Ugandan Sugar Millers Want Issuance of Sugar Licenses Halted
The Uganda Sugar Manufacturers Association (USMA) wants an amendment of the Sugar Act, 2020, halting all the sugar licenses currently issued by the Ministry of Tourism, Trade and Industry, pending [...]Kenya’s Export Revenue Grew 19.6% to KSh269.4 billion in Q323
Kenya’s export to neighbouring countries grew in the third quarter of 2023, pushing the country’s total exports to KSh269.4 billion, a growth of 19.6 per cent compared to the same [...]ATIDI to Underwrite 20MW Solar Project in Uganda
ATIDI (African Trade Investment Development Insurance), has announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent [...]
