Published by ValueWalk In July, the Spanish police and Europol seized thousands of counterfeit passports and ID cards in Barcelona. They carried out multiple raids to dismantle an organized crime group involved in document fraud, illegal immigration, and property crime among other things. Q3 2021 hedge fund letters, conferences and more Police forces also seized […]
Safaricom positive about Ethiopia operations despite war
Published by Business Daily Kenyan telecommunication giant Safaricom said on Wednesday the Ethiopia crisis might have a long-term impact on its operations but maintained it was positive about its long-term outlook. Safaricom expected to break even in the fourth year of its Ethiopia operations, said Safaricom chief executive Peter Ndegwa on Wednesday at a virtual […]
Uganda, UK coffee pact brews rivalry with Kenya
Published by Business Daily Uganda has signed a deal with the UK for the supply of coffee, stepping up rivalry with Kenya for Britain’s Sh111 billion market. UK is among Kenya’s top 10 markets for the beverage with the country last year exporting coffee close to Sh1 billion. Quite notable, the exports to the UK […]
Rental rates in Kampala are rising: Here is why
Published by Daily Monitor There is a radical increase in rental rates fees for residential houses in Kampala and cases of tenants failing to pay are increasing. That is not withstanding the ramifications of the Covid-19 pandemic. Uganda’s rental sector is growing rapidly but the East African nation is still far from addressing its housing […]
Hope for airlines as global travel shows signs of revival
Published by Business Daily The global aviation industry is showing signs of recovery as more countries open their borders with an increase in the rate of vaccinations, giving hope to the sector that was hit hard by the Covid-19 pandemic. International Air Travel Association (IATA) says the sector recorded an 18 percent growth in September […]
Flowers rot in farms amid KQ, Ethiopia freight wars
Published by Business Daily Flower farmers are being forced to throw away a quarter of their produce due to a drop in airline traffic in the wake of restrictions imposed on rival carriers to protect Kenya Airways. Kenya Flower Council (KFC), the lobby for large-scale flower farms, says they need freight capacity of at least […]