Uganda needs knowledge- based economy
That agriculture is the backbone of our economy cannot be disputed. It employs over 80% of the population and it is, therefore, best suited to be the catalyst for Uganda’s rural transformation and poverty reduction. This is what compelled the Government to come up with plan for the modernisation of agriculture and NAADS. These moves were not unique More...
Uganda: Bus owners call off strike, resume operations
Some of the bus oparaters sit infront of vehicles after they parked thier buses during a strike. Photo by Godfrey Kimono Bus owners Wednesday called off their strike that had paralyzed the entire country after they More...
Shell offers $1.83 billion for East Africa-focused Cove Energy
Buying Cove would give Shell "significant potential for new LNG from recent gas discoveries offshore Mozambique", the company said. LONDON (AFP) – Royal Dutch Shell on Wednesday said it had offered More...
Kenya shilling slips but tea, bonds may support
The Kenyan shilling weakened on Wednesday on energy sector demand for the U.S. dollar, but traders said it would get support from inflows to the tea sector and from offshore investors buying government bonds. A More...
Mbeya Cement workers to lose jobs
Mbeya Cement Hundreds of jobs at Mbeya Cement Company Limited will be slashed as the parent company, Lafarge of France plans to reorganize to contain European financial crisis. In a statement on Wednesday, Lafarge More...
Hedge Fund sees Dar es Salaam’s economy dwindling
TCX Senior Vice President, Research and Development, Dr Harald Hirschhofer The Currency Exchange Fund (TCX) predicted on Tuesday the country’s economic growth will slow down this year on the back of weak-external More...
Tanzania Shilling loses against dollar
The shilling on Tuesday continued to post losses against the greenback on the back of surged demand for dollars from importers amid relatively low supply. The shilling has since Monday lost battle against the greenback. The More...
US company earmarks sh115b for Uganda business loans
Over sh115.8 billion has been secured by an American company to finance the businesses of Ugandan business community as loans. Roger Morgan, Chief Executive Officer (CEO) Steel heart International, California, More...
Speech by AITEC AFRICA, Chairman Sean Moroney
The 6th edition of the AITEC Banking & Mobile Money COMESA conference will be held at the KICC over 7th to 8th March. This is a premier convention for senior bankers and this year it is coming at a time when More...
Top grade Kenyan coffee price jumps at auction
NAIROBI, Feb 22 (Reuters) – The top price of the benchmark Kenyan coffee grade AA rose to $600 per 50 kg bag at auction this week from $491 at the previous sale, the Nairobi Coffee Exchange said on Wednesday. Although More...
