East African Business Week (Kampala)
Website: http://www.busiweek.com/
July 17
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Kenya: Nairobi Aims for Financial Centre
Nairobi is to be transformed into a regional and continental financial hub by the end of the year. Read more »
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Rwanda: Rwanda Inflation Rises
The country's inflation has climbed to 3.7 percent in June this year from 2.98 percent in May indicating a 0.72 percentage increase and up from 4.4 percent in April and 5.7 percent... Read more »
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Kenya: Poaching Threatens Kenya U.S.$1 Billion Business
Fears are rife that poaching could soon collapse Kenya's struggling one billion dollar tourism industry unless urgent measures are taken. Read more »
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Rwanda: Rwanda Saccos Tipped On Rural Cash
Savings and Credit Cooperatives (SACCOs) can get money to finance rural micro-enterprises that in turn can generate money from agri-business. Read more »
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Uganda: Uganda Plans More Weighbridges
The government is planning to introduce mobile weighing bridge stations on murram roads, to protect Uganda's roads, Read more »
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Tanzania: Shifting Away From Aid to Trade
United States President Barack Obama said recently, he is looking for a 'new model' that is based on trade and partnership, not just on aid and assistance within the East African... Read more »
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Kenya: Equity ATM Back to Normal After Scare
Fear gripped a huge chunk of Kenya's banking population after Equity Bank Automated Teller Machine (ATM) services collapsed for several days last week before the fault was dealt... Read more »
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Uganda: Small Businesses Miss Out On Governance
Business practitioners especially, board of directors, have been encouraged to embrace good corporate governance if they want to grow their investment establishments. Read more »
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Uganda: Agricultural Show Touts Food Security
The Uganda National Farmers Federation (UNFFE) has held the 21st Source of the Nile National Agricultural and Trade Show at Jinja Show ground in eastern Uganda, in a bid to Promote... Read more »
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Kenya: Kenya's Wyre for Konshens Concert
East Africa's Love Child, Wyre, will perform at the Konshens and Alaine Pepsi Sponsored concert set for August 23 at the Lugogo Cricket Oval in Kampala. Read more »
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Tanzania: DCB Commercial Bank in Robust Growth
DCB Commercial Bank Plc, the first financial institution in the East African region to list at the stock market has yet again recorded a robust performance after posting Tsh1.9bn... Read more »
July 16
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Ethiopia: Ethiopia Showcases Industries
Uganda's Minister of Works and Transport Abraham Byandala was in Ethiopia for a familiarization tour last week. During his tour, Byandala was able to see the level of development... Read more »
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Uganda: Fish Farming Can Ease Strain On Lakes
Critics are wondering why the government allocated Ush 9.2 billion (about $3.5 million) to the agriculture ministry to strengthen the Fisheries Department instead of expanding... Read more »
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Tanzania: NDC Needs U.S.$500 Million for Development
The National Development Corporation (NDC) is looking for $500 million to set up a soda ash factory. This would enable them to exploit over one million metric tones of soda ash... Read more »
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Uganda: Use Trading Dips
There was a generally minimal outturn at the Uganda Securities Exchange last week as the week's total turnover dropped from USh2.2b ($846,000) to Ush127.6m ($49,000). Read more »
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Tanzania: Tulawaka Strikes Another Gold Reef
Preliminary findings of the Tulawaka Gold Mine exploration for gold in the Western Tanzania has shown there are gold resources that have potential to support the eventual... Read more »
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Kenya: RVR in U.S. $9 Million IT Upgrade
Rift Valley Railways (RVR), the managers of the Kenya-Uganda railway concesssion, has launched a $9.3 million technology upgrade. This includes provision for a global positioning... Read more »
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Uganda: Uganda Ponders Airline Revival
The government of Uganda is carrying out consultations on the reviving Uganda Airlines which was liquidated in 2001. Read more »
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Tanzania: Tanzania FDI At U.S. $1.7 Billion
Tanzania came second after Uganda, in the East African region, for attracting the highest Foreign Direct Investment (FDI) worth $1.7billion. The country registered atotal of 869... Read more »
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Rwanda: Rwanda Invests U.S. $1.2 Billion
Rwanda's rate of investments stayed healthy with the first half of the year registering $1.2 billion which is only $100 million less than the year's target of $1.3 billion and... Read more »
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Rwanda: Urwego Get IFC Advisors
The International Finance Corporation (IFC), a member of the World Bank Group, last week announced it will provide advisory services to Urwego Opportunity Bank (UOB). This is to... Read more »
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Uganda: Uganda Basketball First Round Scorecard
The official fixture of the first round of the airtel National Basketball League comes to an end this weekend with a crack between title contenders, D-Mark Power and Riham Warriors... Read more »
July 09
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Uganda: Beer Makers Turn Sorghum Into Money Spinner
Once considered nothing more than a reliable cereal grain, in recent years however, it has quickly turned into an important money spinner. Up until the late 1990s sorghum was the... Read more »
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Uganda: Farmers Offered Crop Insurance
To limit their risk, farmers now have a chance to buy insurance cover for crops and livestock after insurance companies, led by Lions Assurance, introduced the first ever... Read more »
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Tanzania: Tanzania Police Swoops On Gold Mine Trespassers
Tanzania police last week swooped on groups of illegal miners who have been camping at the Geita Gold mine (GGM).Some, accompanied by their children , had made attempts to steal... Read more »
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