Tag Archives: Struggling

Why govt’s cheaper e-buses are struggling to win over Kampalans

Why govts cheaper e buses are struggling to win over Kampalans

When outgoing Works and Transport minister Gen Katumba Wamala launched the electric buses (E-Bus Xpress) on May 3 to ply the Ntinda-Nakawa-Wandegeya- Bukoto greenbelt route within the Kampala metropolitan area, one question dominated; why begin with only eight buses on a single route despite the anticipated demand? At the time, the 32-seater buses, each with an additional 32 standing handholds, …

Read More »

TOUGH TIMES! Stanbic Plots to Rescue Struggling NCBA in Sh1.1 Trillion Buyout

Posts-by-Harry-12 (1)

Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh 1.1 trillion, according to people familiar with the matter, Bloomberg reports. Standard Bank Group, Africa’s largest bank by assets and owns 75% of Stanbic Holdings Plc, has previously said it …

Read More »