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East Africa Business - Top News

  • November 30
  • East African Kenya: Chinese Power Firm Makes Entry

    A Chinese energy firm has chosen Kenya as its entry point into East Africa, where it expects to invest millions of dollars in the next three years.

  • East African East Africa: Fast Internet Drives Boom in Illegal Private Forex Trading

    Commercial banks in East Africa are losing billions of shillings annually through rogue dealers who are engaging in private foreign currency trading online, taking advantage of improved Internet connections and the 24-hour nature of the business.

  • Citizen Tanzania: Appeal Court 'Flouted Rules'

    The Court of Appeal of Tanzania, which is the supreme judicial authority in the country, has found itself on the receiving end of a judgement by an administrative tribunal.

  • East African East Africa: Long Term Plans Needed [editorial]

    Now that the power rationing that gripped the country forcing some areas to go without electricity for more than 10 hours is over, the government must start preparing long term strategies that would make the country insulate itself from this perennial power load shedding problem.

  • Nation Kenya: Fish Projects to Create 120,000 Jobs

    The government has launched fish farming projects in the country that will cost over one billion shillings and it is estimate that it will create 120,000 new jobs.

  • CISA Uganda: HIV Main Cause of Child Labour in Uganda - Report

    HIV/ AIDS pandemic are one of the leading causes of orphan- hood and child labour in Uganda affecting 15percent of children out of estimated 2 million, reports Inea News Agency Ltd.

  • CISA Kenya: MPs Start Push for Price Controls

    The price of essential commodities may soon be controlled, if Kenya legislators have their way. MPs have overwhelmingly supported a Bill that seeks to cushion the common man from skyrocketing prices of crucial commodities, the Daily Nation reports.

  • Citizen Uganda: Public Service Delivery Poor Says Nation

    Increased public expenditure through the national budgetary allocation over the years has not resulted into quality public service delivery in the country according to recent reports.

  • Citizen Tanzania: Massive Tax Waivers Shouldn't Be Allowed

    The government's decision to grant tax exemptions amounting to Sh3 trillion during the current financial year raises eyebrows.

  • Citizen Tanzania: Expert Urges Monitoring of Agriculture

    A senior player in India's energy sector urged Tanzanian energy sector players on Thursday to take part in the exhibition of power, electrical and industrial electrical appliances in India in January next year.

  • Monitor Africa: Unshackle Africa, Seize the Globalisation Opportunity [opinion]

    Yet another session of the World Trade Organisation's Ministerial Conference on November 30 will hear appeals to save the crumbling free-trade Doha Round from US and EU farmers' subsidies - but that boring news hides an exciting fact: Africans can free themselves.

  • Monitor Africa: European Investors Now Target Africa's Unlisted Firms

    European private investors are hungry for shares in unlisted African firms and could provide the needed shot in the arm for a continent that has taken a beating from the financial crisis the West is emerging from, reports LEE MWITI

  • Monitor Uganda: Buttonholing Money From the Arab States is Most Unhelpful [column]

    I read Gawaya Tegulle's piece two weeks ago; "Keep Uganda's Economy out of Gaddafi's hands now!" and I found it wanting in many aspects especially when he advocates dismissing investments made by Libyans (to him Arabs) in Uganda.

  • Monitor Uganda: Billions Lost to Timber Dealers

    Dr Damien Akankwasa, the National Forestry Authority executive director, was already under suspicion by State House and the Shs900 million allegedly stolen from his bed room provided the perfect opportunity for the government to clamp down on him, Sunday Monitor can reveal.

  • New Vision Uganda: Procurement Database Can Be Improved

    A DATA bank of local and foreign companies doing or willing to do business with the Government has been established. According to the Public Procurement and Disposal of Public Assets Authority (PPDA) executive director, Edgar Agaba, this will be a providers' register aimed at promoting transparency in the way the Government conducts business with private companies.

  • New Vision Uganda: Bankers Told to Learn Sign Language

    BANKERS have been urged to learn sign language to aid deaf people in accessing banking services.

  • New Vision Uganda: Giants Compete for Country's Oil

    TULLOW Oil, the company with whom Heritage shares two blocks in Uganda on a 50/50 basis, has stated that it has the right to buy its partner's interests.

  • New Vision Uganda: Chogm - Museveni Calls for More Trade

    THE Commonwealth must be used to create business opportunities for its 53 member states, President Yoweri Museveni told the Commonwealth Business Forum on Thursday.

  • New Vision Uganda: Street Parking Should Be Banned - Experts

    PLANNERS under the Uganda Institute of Physical Planners (UIPP) want street parking banned on busy city roads, saying it is the cause of traffic jams.

  • New Vision Uganda: Bbumba Summoned Over Basajja Funding

    PARLIAMENT wants finance minister Syda Bbumba to explain why the Government has allocated billions of shillings to city businessman Hassan Basajjabala before he pays over sh1b owed to the Uganda Revenue Authority (URA) in taxes.

  • New Vision Uganda: Country's Trade Deficit Widens By U.S.$58 Million

    UGANDA recorded a trade deficit of $58.4m in September due to a reduction in informal cross-border exports, the central bank data showed last week, reports Sylvia Juuko.

  • New Vision Uganda: Moyo Urges Museveni, Kiir to Develop Nimule Hydro Power

    LEADERS of Moyo and Adjumani districts have urged presidents Yoweri Museveni and Salva Kiir of Southern Sudan to consider building Nimule hydro power since the Nyagak power plant is taking long.

  • New Vision Uganda: Uganda-Re Finally Coming On Board

    TWO foreign strategic investors in partnership with local players have expressed interest in establishing a national re-insurance company.

  • New Vision Uganda: Insurers Win Best Group Award

    THE Uganda Insurers Association has retained the best business associations and community awards 2009, beating over 400 contenders to the crown.

  • New Vision Uganda: Expert Tips Multinationals On Taxes

    MULTINATIONAL companies operating in Uganda have been urged to devote resources and put in place robust policies and documentation because transfer pricing is becoming a major focus of tax bodies around the region.

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