Tanzania has seen higher appetite for government securities, with the Treasury bills auction held last week recording oversubscription. The Bank of Tanzania had offered Tsh170 billion ($75.173 million) in T-bills, comprising Tsh169 billion ($74.731 million) on the competitive window and Tsh1 billion ($440,000) as non-competitive. The 35-day paper received bids worth Tsh1 billion ($440,000); the […]
Kenya could spend more than 80 per cent — $1.6 billion — of the proceeds of its $2 billion Eurobond issued three weeks ago to retire syndicated loans contracted in the past two years. This puts the country in a vicious cycle of rolling over external debt by using new loans to retire maturing ones. […]
That Kenyans eat the most meat in East Africa is indisputable. Food and Agriculture Organisation (FAO) statistics showed consumption of about 14 kilogrammes of meat by every Kenyan per year by 2013. Recent data indicate that a Kenyan eats almost three times as much meat as a Rwandan. In 2014, the Global Forum on Agricultural […]
Kenyan competition watchdog has given its nod to the acquisition of Synovate Kenya by Ipsos, more than six years after the deal was first struck, following an out-of-court settlement of a dispute in which the parties were accused of flouting competition law. French firm Ipsos in 2014 went to court to sue the Competition Authority […]
The wholesale prices for bell pepper went down by half last week, when compared with the last month, market data has shown. Kariakoo market data shows that wholesale price for an 80-kilo bag of bell pepper, decreased from between Sh145,000 and Sh150,000 at the end of last month to Sh60,000 and Sh80,000 last week. This […]
Ministers in charge of trade from across the African continent over the weekend approved the draft African Continental Free Trade Area (CFTA) agreement ahead of its signing later this month by heads of state. The ministers convened on Thursday last week to review the draft document. After reviewing the 250-page draft agreement, the ministers agreed […]
Seychelles’ tourism revenues are not enough to fund its energy import bill and meet renewables targets. Courtesy Kalpana Sunder Abu Dhabi Fund for Development, the UAE’s government-backed development aid entity, has allocated Dh64.2 million ($17.4m) towards two renewable energy projects in the Seychelles, it said in a statement on Monday. Around Dh31.2m of the aid […]
The Ministry of Gender, Labour and Social Development has since 2015 through the labour externalisation programme ‘facilitated’ exportation of at least 70,000 Ugandans to work in the United Arab Emirates (UAE), Saudi Arabia, Jordan, Bahrain, Oman, Iraq, Somalia, Afghanistan and Mali. The labour externalisation, a lucrative but controversial policy, is a government initiated “strategic initiative” […]
Airtel Rwanda and Radiant Insurance Company have partnered to offer a new digital insurance product code named Ingoboka Cash to boost medical insurance services in the country. The product is part of efforts to digitize the insurance sector. Ingoboka Cash is made up of two insurance products developed for Airtel mobile money customers towards medical […]
Pic:Foreign Affairs secretary Monica Juma. file (NMG) Kenya sought Washington’s support in her push for the UN Security Council to commit more resources to peace efforts in South Sudan and Somalia during Friday’s talks led by US top diplomat in Nairobi. Foreign Affairs secretary Monica Juma said emerging regional security issues would dominate the talks […]
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