Author: David Indeje

Airtel Uganda listed 4.36 billion shares on the Uganda Securities Exchange (USE) on Tuesday, after selling 54.45 per cent of the 8 billion shares offered in its initial public offering (IPO). The telco’s IPO failed to meet its target, despite extending the closing date by two weeks.  The company announced on Monday that it sold only 54.45 per cent of the 8 billion shares offered in the IPO, raising Shs211.4bn ($56mn) out of an expected Shs386bn ($103mn). The IPO attracted 4,614 investors, mostly retail investors who bought shares through incentives.  Airtel doubled the shares for both ordinary Ugandans and institutions…

The National Syndemic Diseases Control Council (NSDCC) has released a report on HIV prevalence in Kenya by county.  The report shows that HIV prevalence was 3.7% in 2022, with 1.4 million people living with HIV (PLHIV) in the country.  Females had a higher HIV prevalence of 5.3% than males, with 2.6%. The report reveals that Homa Bay County had the highest HIV prevalence of 15.2%, followed by Kisumu (14.5%), Siaya (13.2%), Migori (9.7%), and Kisii (4.4%).  Other counties with high HIV prevalence were Mombasa (4.6%), Samburu (4.3%), Vihiga (4.2%), and Uasin Gishu (3.7%). The report also shows that new HIV…

Sauti Sol, one of Kenya’s most iconic music groups, bid farewell to their fans on Saturday, November 4, 2023, with a final SolFest concert at the historic Uhuru Gardens in Nairobi.  The boyband, which consists of Bien Baraza, Polycarp Otieno, Savara Mudigi, and Austin Chimano, delivered a stunning performance as they marked the end of their 20-year musical journey together. The two-day event, which was sold out, attracted more than 20,000 fans who came to witness the last show by the band that has entertained Kenya and the world with hits such as Sura Yako, Kuliko Jana, and Melanin.  The SolFest concert was…

Netflix is no longer offering a free subscription for its Kenyan viewers. However, its subscribers can still enjoy their favourite entertainment by upgrading to any of the paid plans available in the country. “Netflix is always exploring ways to improve your experience and deliver more value for your money. That’s why we recently slashed our prices by up to 37% so that you can access entertainment for as low as KES 200 per month! it said in a statement. How to Pay for Netflix We want to make it easy and convenient for you to pay for your Netflix subscription.…

Kenya’s inflation rate rose slightly to 6.9 per cent in October from 6.8 per cent in September, according to the Kenya National Bureau of Statistics (KNBS). “During the reference month, all sectors continued to show price rises,” said the KNBS. The main drivers of inflation were food, housing, and transport costs, which increased by 1.3, 1.9, and 1.5 per cent, respectively, between September and October.  The survey said the food inflation was mainly due to higher prices of some food items, such as potatoes, tomatoes, and oranges.  “During the same period, however, prices of maize flour-sifted, fortified maize flour, and…

Rwanda will allow visa-free travel for all Africans to boost free movement and trade within Africa. President Paul Kagame announced this at the 23rd Global Summit of the World Travel and Tourism Council in Kigali, where he highlighted the potential of Africa as a unified tourism destination. “Any African can get on a plane to Rwanda whenever they wish, and they will not pay a thing to enter our country,” Kagame said.  “We should not lose sight of our own continental market. Africans are the future of global tourism as our middle class continues to grow at a fast pace…