Finances
Uganda Shilling up on inflows from exporters, charities
KAMPALA – The Uganda shilling strengthened on Friday due to dollar inflows from commodity exporters, charities and sell-offs by offshore investors betting on a weaker greenback. Ugandan shillings At 0932 GMT commercial banks in Kampala quoted the currency of east Africa’s third-largest economy at 2,560/2,570, stronger than Thursday’s More...
APA Insurance now on mobile
You can now buy a Personal Accident (PA) cover from APA Insurance Company in the comfort of your work place or home, using your handset mobile phone. This follows the launch of a mobile-based service dubbed More...
Public spending, devolution top Henry Rotich National Treasury agenda
Nairobi, Kenya: National Treasury Secretary Henry Rotich has promised to mainstream public spending and deepen devolution to spur economic growth. National Treasury Secretary Henry Rotich In a brief remark More...
Tanzania set to achieve micro-economic stability
Tanzania is expected to achieve micro-economic stability in a few months to come as the inflation rate keeps on declining. Chief Economist with the Standard Bank Group, Mr Goolam Ballim “The inflation rate is More...
Barclays Tanznaia double profit
Barclays Bank Tanzania has over doubled its net profit in this year’s first quarter to 1.075bn/-, despite an increase in the fund set aide for bad loans and advances. The banks financial statement shows that the More...
Loans board goes data mining at NSSF to net defaulters
It is high noon for student loan defaulters. The Higher Education Loans Board ( HELB) on Thursday entered into a data-sharing pact with the National Social Security Fund ( NSSF) in a move seen as tightening the More...
Kenya: CIC General Insurance launches CIC Lady’s Auto Insurance Policy
Insurance firms are increasingly turning to women to grow their market share. Kenneth Kimani In the latest move to tap into the women’s growing purchasing power, CIC General Insurance has launched CIC Lady’s More...
World Bank gives Uganda $100m for economic reforms
KAMPALA – The World Bank said on Wednesday it had approved $100 million worth of credit for Uganda to help boost its economic growth and jobs, relieving fiscal pressure on the east African country squeezed More...
IMF says low inflation in Uganda spurs business confidence
Kampala – Uganda’s low inflation and signs the economy is gaining momentum are boosting business confidence, and growth could reach 6-7 percent in the medium term despite the loss of foreign aid, the More...
Banque Populaire du Rwanda gets new CEO
Banque Populaire du Rwanda (BPR) appointed Ephraim Turahirwa as their new Chief Executive Officer, becoming the first Rwandan to manage the entity since its change into a commercial bank in 2008. Ephraim Turahirwa Turahirwa More...
