Uganda News
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East African Breweries Ltd., Kenya’s best-performing stock over the past month, is poised to end a 29 percent rally that valued the nation’s biggest company at double that of the benchmark index, according to Contrarian Investing Kenya Ltd. and technical indicators.
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National Bank of Kenya Ltd. will raise as much as 10 billion shillings ($119 million) in a rights offer to fund an expansion plan as it seeks to quadruple revenue by 2017, Managing Director Munir Sheikh Ahmed said.
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Eugene Shepherd admits he’s no beer expert, but he’ll tell you the bottle of Eagle he treats himself to every week is a step up from the murky homebrews that had been his preferred tipple.
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Diamond Trust Bank Kenya Ltd., a Nairobi-based lender with operations in Uganda, Tanzania and Burundi, rose to a record after it said first-quarter profit jumped 31 percent.
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NIC Bank Ltd., Kenya’s best- performing banking stock over the past 12 months, named Alan Dodd as its acting managing director to replace James Macharia, who has been appointed as the country’s health minister.
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Coffee exports from Uganda, Africa’s second-biggest exporter of the beans, rose year-on-year in April after a post-election dispute was resolved in neighboring Kenya, its gateway to the sea.
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Tullow Oil Plc, the U.K. explorer that found Kenya’s first oil, plans to find more partners in Ghana’s TEN project, the Chief Executive Officer said.
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Kenya Commercial Bank Ltd., the country’s biggest lender by market value and assets, headed for a record high on speculation it will follow competitors in reporting increased first-quarter earnings today.
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Army officers from Democratic Republic of Congo are smuggling gold through neighboring Burundi to Dubai using false documents, London-based advocacy group Global Witness said in a report.
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Al-Shabaab, Somalia’s al-Qaeda linked militant group, have gone into hiding to carry out guerrilla attacks after losing territory they held as a more conventional force, Somali President Hassan Sheikh Mohamoud said.
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