These considerations led to an enterprise value to gross earnings (before interest, tax, depreciation and amortization) in the range of six to eight times, according to the circular. This was higher than recent transactions in the Middle East and Africa region (specifically in South Africa and O...
“It was a sad day because Uganda was a fantastic market with huge opportunity, growing rapidly and there was no reason why Copia Global couldn’t be successful, and build profitable business serving the Uganda people but the capital market in 2022 was not going to s...
But while the deal helped to prop up the shilling by taking away an estimated monthly demand of $500 million to pay for fuel, it led to a fallout with Uganda. Uganda accused Kenya of a lack of consultations while inking the deal with the Gulf majors in addition to middlemen in the...
ours was the first Lamborghini in Uganda, and the other was in Congo. We picked lessons from the Kardashians, who were socialites; they were the first to bring up the socialite tag. So, we started living their lifestyle, the champagne, parties, the Lamborghinis, splashing money ...
Kenyans are also exporting carpets. In value terms, research shows the largest markets for carpet exported from Kenya are Israel, South Sudan, and the US, with a combined 67 percent share of total exports. Somalia, Rwanda, Ghana, Uganda, India, and Tanzania are the other export markets. ...
The feasibility of the Nairobi Malaba line was dependent on Uganda buying in and allowing the Chinese contractor to extend the line to Kampala on its side. Besides the Sh477 billion, the government has pumped in more money to build the ICDs both in Nairobi and Naivasha, bringing the cost...
In the region, Kenya was quick to abandon its Turkana oil project when oil prices collapsed, while the neighbouring Uganda struggled on with its oil projects and is now blessed with high oil prices and revived global oil demands. Activists cannot justifiably challenge Uganda on the c...
According to the researchers, the findings highlight the urgent need for improved safety of surgical deliveries in African countries like Kenya. “Improvement of C-section surgical outcomes could substantially improve both maternal and neonatal mortality, which would lead to key global health gains...
Educated refugees from Sudan and later from Uganda taught in our secondary schools. The late John Garang of South Sudan, actually taught at a new Hiriga High School near Karatina in 1964 when he was a refugee in Kenya. Perhaps the biggest project to multiply number of hi...
“Regions that were seen not to have anything to extract were just left behind and this is seen across the continent,” said Ali Hersi, the country director for Safeworld Somalia, an NGO working to preach peace and address sources of conflicts in the neighbouring country. ...