MTN Uganda has announced plans to float its first IPO in the Uganda Securities Exchange. The telecoms company is hoping to raise $1.2 Billion and would offer a fifth of its business to investors in return. The IPO will be
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Fuel prices in Kenya have hit an historic high. A sharp rise in fuel prices amidst the pandemic sparked protests from legislators and motorists across the country. Fueled by the pandemic, the price of petrol in East Africa has seen
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This year, Kenya marks the fourth anniversary on the ban of single use plastics. The plastic bags ban came into effect in 2017. In a bid to clear the scourge of waste choking the capital, Nairobi has implemented heftier fines
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East African countries have tabled their budget allocation as they prepare for uncertain economic times . However, the budgetary estimates paint an optimistic future buttressed by tax waivers and economic incentives. In uncertain times, the countries have put in place
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The pioneer industrialist, stocks markets baron and beloved disc jockey Dr. Chris Kirubi has died at 80. The multimillionaire with a Midas touch and smooth-talking host of The Fuse on Capital FM succumbed to Colon cancer on 14th June this
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East Africa’s top banks have defied the tough economic crisis of the pandemic to report a rise in profits. The resilience of top banks has been tested by mobile money transfer and rising defaults in loan repayments. Moreover, sluggish economic
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The revamped Kenyan judiciary has in recent years served significant rulings. Arguably the most momentous was the nullification of the 2017 presidential elections. The High Court has now declared The Building Bridges Initiative (BBI) illegal. In addition, the High Court
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The International Monetary Fund in April approved a $2.34 billion three-year financing package to Kenya. The fund projects that Kenya will borrow upwards of $12.4 billion abroad by 2022. These funds will support Covid-19 prevention efforts and reduce the country’s
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The Communication Authority (CA) of Kenya has suspended Mt. Kenya TV station for four weeks. The vernacular television station faced public outrage for airing sexually explicit content during a kid’s show called “mucci wa ciana” (Home for the children). In
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At least 30 Kenyans have died due to injuries sustained from police beatings between March 2020 and June this year. Ugandan law enforcement agencies are also using excessive force to police its citizens after a heavily disputed election. While the
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