Africa Financial Services 

MONEY, PEOPLE & POWER: The 10 bank CEOs who control 80% of Uganda’s banking sector – CEO East Africa

1. Anne Juuko Chief Executive, Stanbic Bank 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given the…

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Covid19 North America 

Coronavirus: Draft plan of Manitoba Phase 3 reopening includes no need to isolate after travel in Western Canada

Phase 3 of Manitoba’s reopening during the novel coronavirus pandemic could see indoor and outdoor groups increase, and travel restrictions loosened. According to the draft plan of Phase 3, posted Thursday on the Manitoba government website, Public gatherings of 50 people will be allowed indoors and 100 people outdoors so long as they can stay 2 m apart from each other. “This change also applies to social gatherings, worship, weddings and funerals. These gatherings must follow public health guidelines for the venue where they are being held.” The goal is…

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Financial Services StockMarket 

Why Nigeria’s banking stocks performed well in May

Virtually all the banks listed on the Nigerian Stock Exchange (NSE) witnessed varying degrees of growth in their share price during the month of May. Besides Union Bank of Nigeria Plc which declined by 0.7% and Aso Savings and Loans Plc which recorded no price movement, all the other banking stocks recorded increases according to checks by Nairametrics Research. Best banking stocks in May The best-performing banking stock for the month was Jaiz Bank Plc. The share price increased by 27.3% to N0.70, up from N0.55 in April. This is…

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Africa Oil and Gas 

Marketers identify challenges in FG’s petrol price review Business

Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before arriving at the monthly price review of the product, some marketers yesterday told The Guardian that the government only consulted with them once since the new price regime started in March this year. The Federal Government in a letter dated 31st of May reduced pump price of petrol within the price range of N121.50 and N123.50, a move the marketers described as reportedly taken without due consultation with most of…

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Africa Asia Australasia Covid19 Europe North America South America 

How To Throw A Virtual Bachelorette Party That Isn’t Sad

There’s no way around it: Coronavirus is f*cking things up. Between healthcare, the economy, and mental wellbeing, this sh*t is, as Kelly Kapoor would say, “B-A-N-A-N-A-S.” In addition to all of the terrible things everyday folks are dealing with, couples who had spring and summer (and maybe fall?) weddings planned are having to change the biggest day of their lives. While it’s heartening to see couples making the best out of a god-awful situation with virtual weddings and proposals, it’s okay to admit that for 2020 brides, this majorly blows.…

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