Moody’s upgrades regional bank:
EAC Sunday, Jun 28, 2015
KAMPALA, Uganda - An increase in paid-in capital by East African Development Bank (EADB) shareholders has persuaded credit rating firm Moody’s to upgrade the bank from Ba1 to Baa3 placing it in the stable category. A Baa3 rating represents relatively lo
Uganda eyes Chinese loan for airport :
News Sunday, Jun 28, 2015
ENTEBBE, Uganda - Uganda’s Civil Aviation Authority (CAA) is asking parliament to approve a $325 million loan from China’s Exim Bank to pay for the expansion of Entebbe International Airport.
Rwanda financial sector remains sound:
News Sunday, Jun 28, 2015
KIGALI, Rwanda - The Rwanda financial sector remains sound and strong able to manage any shock.
Tanzania set to earn $110m from iron :
Resources Sunday, Jun 28, 2015
DAR ES SALAAM, Tanzania – Tanzania is set to receive Tsh252.4 billion (about $110.425 million) in royalties and various taxes that will be collected from Mchuchuma and Liganga projects annually.
Rwanda agriculture slips in GDP:
News Sunday, Jun 28, 2015
KIGALI, Rwanda - The contribution of agriculture to Rwanda’s GDP has declined according to latest figures from the statistics authorities, but national output for the first quarter 2015 goes up to Rwf1, 377 billion (about $1.8 billion).
TradeMark wins top award:
EAC Sunday, Jun 28, 2015
KAMPALA, Uganda - Trade Mark East Africa (TMEA), the region’s trade development agency and consultant, has received the world’s most prestigious corporate procurement certification.