The shares allocated to the 21,394 new shareholders also include those given as bonuses because, for every 100 shares paid for, the applicant got an extra 10. Close to 900 billion Shillings was expected from the IPO, but the proceeds from the sale amounted to 535.939 billion Shillings, meaning that at the end of the IPO, the shares were under-subscribed by more than 35 per cent.
According to the plan, KCCA is supposed to work on the carpet or floor of the park, install 15 shelters measuring 1.5 meters where passengers can sit or stand to wait for taxis, construct two walkways, work on the drainage system, renovate office space, construct toilets and install security lights. Major works like the carpet layer and the drainage system have been completed.
Patrick Bongomin, the Manager of Makome Bus Services Ltd told URN that meant bus operators were not breaking even but rather incurring losses in the sector due to the stringent COVID-19 restrictions in which they are only allowed to carry half of their capacity.
But more than 50 passengers who travelled with flight number UR-711 landed at Entebbe International Airport on Friday at 3:56 p.m. told our reporter that they had either got some or none of their bags after waiting at the carousel for over two hours. They were told by baggage handlers that some of the bags were left at O. R Tambo Airport in South Africa.
The Central Bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they offer their clients have environmental components.