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 […]
The National Kenya Computer Incident Response Team Coordination Centre (KE-CIRT-CC) last year analysed and validated 4,589 cyber threats. The need for companies to go where customers are is the reason behind the mad rush to create online portals, but the sting lies in increasing exposure to cyber security threats. The rage is either to go […]
Speaking during the announcement, the Barclays Head of Collections and Recoveries, Mr Khatibu Mohammedy, said “We are aware that, many Tanzanian children who are suffering from hydrocephalus and Spina Bifida medical condition are facing an uphill financial struggle due to the fact that they do not have medical coverage. Dar es Salaam. Barclays Bank Tanzania […]
Customers at a mobile money transfer services outlet. PHOTO | FILE Findings from FinScope Tanzania indicate that one of the main drivers of access to financial services in Tanzania has been the take-up of digital financial services which require mobile phone ownership, a registered mobile money wallet or access through a third-party. Dar es Salaam. […]
Kampala — Bank of Uganda (BoU) has reduced the duration of clearing cheques from four to two days. In text messages sent out to Barclays customers last week, the bank informed its clients that "from April 20 [last Friday] local cheques clearing will take two days," a shift from the old system where an in-house […]
Somalia’s finance minister said the country is winning in its effort to get the trust of international financial institutions and could receive debt relief as early as next year. Abdirahman Duale Beileh, who participated in the spring meeting of the International Monetary Fund (IMF) and World Bank last week in Washington, said Somalia has “passed […]
Uganda is set to host the Inter-Governmental Authority on Development (Igad) meeting to discuss the free movement of South Sudanese, including refugees, in the eight-nation regional bloc. The two-day consultative meeting on the Protocol on Free Movement of Persons is scheduled for Tuesday, April 24 through April 26 at Sheraton Kampala Hotel. It will be […]
Chinese firm Tibet Hima lost a court battle to keep its 25-year mining lease in Kilembe Mines. FILE PHOTO | NATION Chinese firm Tibet Hima has lost a battle to keep its 25-year mining lease for copper and cobalt deposits in Kilembe mines in Kasese, western Uganda. This is the second Chinese company to lose […]
Workers offload bags of fertilisers at the National Cereals and Produce Board, Eldoret. Tanzania plans to put up a fertiliser factory. PHOTO | JARED NYATAYA | NATION Tanzania Petroleum Development Corporation (TPDC) plans to build a multibillion-dollar fertiliser factory, banking on the large natural gas resource in the southern regions of Lindi and Mtwara. Natural […]
A housing estate in Kigali. Both middle and low-income earners in urban areas are stretching their shrinking budgets to cover housing needs. PHOTO | FILE Household budgets are still under pressure as high utility, housing and transport related costs remain high, despite easing food prices. The National Institute of Statistics of Rwanda (NISR) reported 0.9 […]
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