Kenyan finance and technology (Fintech) start-ups take a lion’s share of 99 per cent of all funding in the region – leaving Uganda, Rwanda and Tanzania to share the remaining 1 per cent, a new research report has shown. The study, which looks at Fintechs in the region, was supported by Financial Sector Deepening Uganda […]
Khartoum — The General Manager of Agricultural Bank, Salah-Eddin Hassan Ahmed, said that the Central Bank of Sudan and the Minister of Finance and Agriculture have agreed to fund construction of silos, with a caapcity from 5000 tons to 200000 tons, and establish new cold stores, stores for saving seeds to solve stores shortage in […]
THE government has set up a plan aimed at establishing grain warehouses in various strategic areas in the country, an initiative that is expected to cost 55 million Euros( 155.67bn/-), Minister of Industry, Trade and Investment Mr Charles Mwijage has said. The minister revealed the plan in Dar es Salaam yesterday, explaining that the government […]
The value of horticulture production rose 41 per cent last year compared with 2017 on account of good prices. Market data from the Horticulture Department indicates overall sales rose from Sh216 billion in 2016 to Sh305 billion last year. The total value of horticultural produce exported in 2017 increased from Sh101.5 billion in 2016 to […]
There’s been renewed buzz around the need to restrict bee-harming pesticides after an updated assessment confirmed the dangers to insects. It has prompted a fresh battle cry to protect our pollinators, using beautiful pictures and emotive stories about the demise of the honeybee. But pollination isn’t just about the honeybee and protecting pollinators isn’t just […]
THE Country Manager and CEO of DTB-Tanzania, Mr Viju Cherian receives the certificate of recognition for "The Best Risk Management Corporate of the year 2017" from the Internal Auditor General of Tanzania, Mr Mohamed Mtonga during the second graduation ceremony of The Institute of Risk Management Tanzania (IRMT) in Dar es Salaam recently. (Photo: courtesy […]
The Central Bank of Nigeria (CBN) says it has again injected 210 million dollars into the Foreign Exchange (Forex) market in continuation of its intervention in the sector. A statement by Isaac Okorafor, Acting Director, Corporate Communications Department, in Abuja on Wednesday, said the intervention was to enable market operators meet the requests of customers. […]
The World Bank on Wednesday warned Nigeria that Eurobonds and other private sector market or sovereign debt instruments can worsen its debt-to-gross domestic product (GDP) ratio. Although the bank noted Nigeria is the only low income commodity producing economy that has maintained public debt below 20 per cent of GDP since 2016, it said the […]
London — – Ecobank has secured wins in two categories at the Retail Banking Awards in London. The leading pan-African bank was awarded Product Innovation of the Year 2017 and Retail Banking Launch of the Year 2017 at a ceremony hosted by Retail Banker International in London. Over the course of 2016, Ecobank has focused […]
The European Investment Bank (EIB) and the African Development Bank (AfDB) have agreed to support the new Development Bank of Nigeria (DBN) with $70 million. EIB put in an equity stake of $20 million to finance the bank, while AfDB put in $50 million as equity participation. A statement sent to PREMIUM TIMES on Thursday […]
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