US Secretary of State Rex Tillerson said on Thursday that African countries should weigh Chinese loans carefully, while adding that Washington was not trying to keep Chinese investment away from the continent. Tillerson, a former Exxon chief executive, is seeking to bolster security alliances on a continent increasingly turning to Beijing for aid and trade. […]
Pic: Democratic Republic of Congo’s President Joseph Kabila. By Reuters The country’s Prime Minister Bruno Tshibala has said elections will take place as scheduled. An election in the Democratic Republic of Congo to replace President Joseph Kabila remains on course for late December, the central African country’s Prime Minister, Bruno Tshibala, has said. “I committed […]
Treasury Cabinet Secretary Henry Rotich has said the government is facing difficulties financing some of its development projects. Mr Rotich also revealed a proposal to slash the billions allocated to counties by between Sh15 billion ($150m) and Sh17 billion ($170m). While appearing before the Senate committee on Finance and Budget Wednesday, Mr Rotich blamed the […]
Seven Kenyan firms have been listed among 100 companies in frontier markets that investors should watch keenly this year. The guide by Citi Research, a division of Citigroup Global Markets Inc, lists KCB Bank, Equity Group, British American Tobacco (BAT) Kenya, Bamburi Cement, Centum, East African Breweries Limited (EABL), and Safaricom among the 100 firms’ […]
Rwanda’s central bank on Tuesday said it predicts Rwanda’s economy to grow 6.5% in 2018. The inflation rate is expected to be around 5.0% in 2018, slightly up from 4.9% last year, said John Rwangombwa, governor of National Bank of Rwanda, in Rwanda’s capital city Kigali. Rwanda’s total formal export receipts grew by 57.6% in […]
Uchumi Supermarkets’ closure of its prime Sarit Centre store has seen the retailer’s branch count drop by two thirds to 16 in just three years, reflecting its dwindling fortunes. The struggling retailer, which has operated the Sarit store for over three decades, said it resorted to shutting it down as part its cost-cutting and restructuring […]
KCB Rwanda and National Youth Council Officials Kenya Commercial Bank (KCB) Rwanda has launched a new youth employment programme that will help school drop-outs get vocational skills and their project ideas funded with free capital. Today the bank signed a memorandum of understanding with the National Youth Council (NYC), to officially kick start the youth […]
President Yoweri Museveni and his visiting Tanzanian counterpart, President John Joseph Pombe Magufuli have discussed areas of cooperation between their two countries at a meeting held at State House, Entebbe. Uganda’s Minister of Foreign Affairs, Mr. Sam Kuteesa, his Tanzanian counterpart, Mr. Augustine Mahiga and Uganda’s Minister of Public Service, Mr. Muruli Mukasa, attended the […]
The benchmark for local index closed 132.13 points on Friday lower than 133.53 recorded on February 16. The All Share Index was also down at 133.02 compared to 133.21 points, according to the Rwanda Stock Exchange (RSE) market report. The decline can be attributable to drop in Bank of Kigali share price that closed at […]
Officials at the Kigali-based East African Science and Technology Commission (EASTECO) on Friday implored visiting members of the East African Legislative Assembly (EALA) to help with its inadequate funding challenge. They requested the lawmakers’ advocacy in strengthening the Commission and for more investments in science, technology and innovation (STI) as the key drivers and enablers […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.