Browsing: market

An Airtel Kenya shop. The company is experiencing financial woes. www.theexchange.africa

Airtel Network Kenya, the second biggest telecommunications network, saw shareholder loans from its holding firm, Bharti Airtel Kenya BV, rise by 12.01 per cent from sh46.6 million in 2020 to sh52.2 million in the year ending December 2020.

The causes of the financial losses have been additional lending, forex losses as the shilling depreciate, and postponement in paying interests.
Capitalization interest due to being paid stands at Sh1.34 billion, which has disrupted cash flow in the firm.

Airtel Kenya said that the issued shareholder funds, revenue generated from its operations, and borrowing from external lenders had kept the company afloat.…

A selection of healthy food ingredients. In Africa, grain losses are estimated at US$4 billion and the value could more than triple if all the food categories were accounted for.

Most of Africa is highly food insecure despite all the food that goes to waste.…

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