Sanlam Kenya acting CEO George Kuria. photo | salaton njau Insurance firm Sanlam Kenya has partnered with online pharmacy Mydawa in a bid to reduce costs in its medical covers. Sanlam says the move could lower prescription costs by up to 20 per cent as customers access relatively cheaper drugs from the online retailer. The […]
Vanilla farmers in Uganda have never had it better, with farm-gate prices standing at about $70 per kilo for the price-sensitive produce. With a kilo selling at $500 on the world market – a jump from $300 in 2017 – both farmers and dealers are seeking ways of boosting production to satisfy the market. The […]
Consumers and middlemen are the major beneficiaries of the deteriorating maize prices due to flooding of cheap imports from neighbouring countries, which has led to a sharp decline in flour prices. The consumers are now snubbing sifted maize flour and opting for low-cost produce from posho mills. Consequently, some millers have scaled down operations to […]
Tanzania Agriculture Development Bank (TaDB) will launch new branches in Dodoma and Mwanza later this year as the financial institution strives to expand its network coverage to help boost the country’s economy. The Deputy minister for Finance and Planning, Dr Ashatu Kijaji says TaDB would set its new branch in Dodoma this year bringing service […]
Tigo Tanzania’s mobile financial services business, Tigo Pesa has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions. Tigo Pesa is amongst the first mobile financial services providers around the globe to be certified by the GSMA. The […]
The continued shortage of foreign currency is making it difficult for industries to import raw materials for use in their production processes, hampering the growth of manufacturing in Zimbabwe, experts from different sectors of the economy have said. The Government in 2016 introduced bond notes as a way of bringing liquidity and stability in the […]
The growth in mobile money services has created new opportunities for merchants to sell their products and services. One of these is the fast-growing sports betting sector which has taken a number of African countries by storm. What’s further spurred the growth is rapid internet penetration. Consumers now have easy access to online sports betting […]
The Dar es Salaam Stock of Exchange (DSE) share indices close down last week down. All share index (DSEI) decreased by 3.48 per cent to 2,433.53 points from 2,437.01 points scored on Thursday while Tanzania Share Index (TSI) went down by 0.07 per cent to 4,100.57 points from 4100.64 points logged the previous day. The […]
President Kenyatta departed from London on Sunday, after holding bilateral meetings with Pakistani Prime Minister Shahid Khaqan Abbasi, and President Yoweri Museveni both focused on trade and security.The President held talks with Abbasi following concerns that trade between two countries has not been promising over the past years. Pakistan is currently the leading importer of […]
Cytonn investment analyst Caleb Mugendi. photo | salaton njau Asset manager Cytonn Investments is on Monday set to start building its RiverRun estate — a Sh15 billion mixed use development in Kiambu County. Cytonn is funding the project through a mix of pre-payments from buyers and debt instruments. RiverRun, which is set to be built […]
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