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Africa
Uganda Government to support domestic investors in oil and gas sector
The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of…
Higher Education Loans Repayment Default Increases With Job Cut
About 109,661 former university students have defaulted on payments to the Higher Education Loans Board (Helb) in…
Areas Indian Investors Now Troop Into Tanzania
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the…
Tanzania Fuel Price Rise Despite Government Intervenion
Retail prices of fuel in Tanzania have risen despite the government intervention by scrapping off Sh100 of levies.…
Micro Finance Institution Advised To Renew License For Smooth Business
Micro Finance institutions have been asked to acquire the 2022 operational licenses to enable them to work…
Uganda Government To Provide Support In Oil And Gas Sector
The Uganda Investment Authority (UIA), the investment arm of the country, has embarked on building the capacity of…
Profitability Recovering, Vision Group Assures Investors
Vision Group has said the profitability of the company is gradually recovering from the impacts of the pandemic as…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of…
Digital Payment Has Overtaken Use Of Cheques – CBK
Growth in usage of cheques has slowed down in the last decade, losing out to digital payments channels which are…
Bank of America invests in Bamboo’s ABC Fund
The Agri-Business Capital Fund today announces that it has received its first investment from a corporate global…
How Tanzania Government Is Helping It’s Citizen To Mitigate Impact Of…
While the war between Russia and Ukraine is projected to raise fuel prices, the government of Tanzania has scrapped…
AgDevCo lands equity and debt funding package from DFIs
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has…
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to…
Kenya Treasury Spent More Billion On Domestic Interest Repayment
The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments…
Kenyan Shilling Hit New Record Low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up…
GNBC Partnership Will Strengthen Ghana-Nigeria Business Relations
The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the…
Dollar Strengthens Further Against Uganda Shilling
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit…
New Name And New Owners For Kagiso Asset Management
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management.
The company changed its name following…
Expansion into East Africa, a boon for banks, stakeholders and the region’s…
Over the past two years, the financial services sector has weathered a variety of changes directly stemming from…
Komenda Sugar Factory acquires 20,000 acres for plantation
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000…
Nigeria exports software to other African countries, says NOTAP
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said…
Ghana Regains Exemplary Status In Money Laundering Fight
Ghana has restored its image as an example to West African peers in the fight against the illicit flow of funds to…
Revenue collection has increased by 48% in the last five years
The report states that revenue collection has increased from shs13.4 trillion in 2016/2017 to shs21.1…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
URA Ramps Up Crackdown On Tax Defaulters
The Uganda Revenue Authority (URA) has reiterated its call to taxpayers in Kampala Metro Region to clear any…
Blackout Fears As Kenya Power Staff Plan Strike
Kenya Power’s KPLC workers have threatened to go on strike in a dispute over the firm’s plans to lay off 20 percent…
CBK Seeks Digital And Mobile Payment Platforms Fees Cut
The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut…