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 […]
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 […]
PanAfrican Energy Tanzania (PAET) has responded to comments made by Tanzania Petroleum Development Corporation (TPDC) saying its contracts with the government will not be affected by the transaction between Swala Oil, Gas Tanzania and Orca Exploration Group Inc. Swala agreed with Orca to acquire up to 40 per cent of Orca’s wholly-owned Mauritius subsidiary, PanAfrican […]
Kenyan Treasury secretary Henry Rotich told the Financial Times on Friday that he will review the cap on bank lending rates that has resulted in a massive fall in loans to the private sector. This is part of the contentious reforms demanded by the IMF to extend a frozen Sh153 billion ($1.5bn) emergency standby facility […]
Kenyan property dealers’ penchant for luxurious and exclusive residences in the cities of Nairobi and Mombasa has strummed an interesting high price chord. Cytonn Investment’s Sh1 billion Amara Ridge gated community in Nairobi’s Karen where 10 villas were built on a half-acre parcel each was snapped up five months before its completion. Each unit sold […]
Officials say there is need to harmonise marketing initiatives if we are to keep tourists coming again. The revelation comes as a global ratings agency warned that the government “will continue to face liquidity pressures” due to a combination of large financing needs and an increased reliance on sources of financing with less predictable costs, […]
Tusker Lager is the highest selling beer in East Africa and is made in Kenya. A number of Kenyans love to gobble down a beer after a long and rough weak. The made in Kenya beer brands are some of the best liquors brewed in the continent. They are made from locally grown barley and […]
Foreign nations lent Kenya a total of 760 billion shillings, ($7.6bn) last year in an aggressive borrowing campaign that has raised the portfolio of the country’s foreign debt to record levels. China remains as the top lender to Kenya surpassing institutional lenders such as World Bank, International Development Funds among others with more than 1.5 […]
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