In2EastAfrica – East African news, Headlines, Business, Tourism, Sports, Health, Entertainment, Education

Category "Economy"

    GM seeks to bar some ignition lawsuits

GM seeks to bar some ignition lawsuits

General Motors has asked a US court to bar some lawsuits relating to its recall over faulty ignition switches. The faulty switches could turn off the engine, disabling the airbags and have been linked to at least a dozen deaths. The recall was issued earlier this year but GM has admitted some [...]

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    KFC owner’s profits get China boost

KFC owner’s profits get China boost

Yum Brands, the owner of fast food chains KFC and Pizza Hut, has reported an 18% jump in first quarter profit, helped by a rebound in sales in China. The firm made net earnings of $399m (£237m) for the three months to 22 March, up from $337m a year ago. Sales at [...]

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    Karuma dam facing shortage of skilled manpower

Karuma dam facing shortage of skilled manpower

The contractor of the long-awaited Karuma hydropower dam has said the project is lacking electricians and skilled manpower to operate machines. The deputy project manager, Liu Jianguo, said the shortage is straining the project because they have to train workers on the job. “We have so far recruited 168 workers, both Chinese [...]

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UTODA, consultant in sh157m row

  UTODA, consultant in sh157m row

A row has erupted between Uganda Taxi Operators and Drivers Association (UTODA) and a consultant who is demanding sh157m as unpaid fees. On April 1, the consultant JAC International Limited filed [...]

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Micro-nutrients deficiecy cost Tanzania billions

  Micro-nutrients deficiecy cost Tanzania billions

On average, the country loses 43,000 children and 700bn/- in lost revenue annually due to vitamin A deficiency, a recent report by Twaweza activist group said. "Micronutrient deficiencies alone cost Tanzania [...]

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CRDB plans to enhance international operations

  CRDB plans to enhance international operations

CRDB Bank is planning to have its international operations contribute between 3-5 per cent of the net income as one of the bank's target position by the year 2017. The bank's [...]

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Rotary international top brass in Dar

Tanzania is for the first time expected to host a two-day high level Reach Out of Africa (ROTA) Conference next week. Prior to the ROTA conference in Dar es Salaam, Rotary [...]

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Chinese firm to solve housing needs in Dar

  Chinese firm to solve housing needs in Dar

In a bid to reduce deficit and provide quality housing stock, DongXing International Real Estate Limited that made its way into Tanzania two years ago has come up with the [...]

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Rwanda: Central bank unveils modern ICT system

  Rwanda: Central bank unveils modern ICT system

The National Bank of Rwanda has unveiled a new core banking system that is tipped to enhance the bank’s operations security and service delivery. T24 core banking system is part of [...]

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