News

Tanzania to study consumer banking report:
News Monday, Dec 16, 2013
DAR ES SALAAM, Tanzania---The World Bank last week presented at a Bank of Tanzania Dissemination Workshop the findings of the Diagnostic Review for Increasing Consumer Awareness and Protection and Financial Services in Tanzania conducted in January 2013.
By: John Sambo
PTA Bank ponders return to Bujumbura:
News Tuesday, Dec 10, 2013
BUJUMBURA, Burundi--Nineteen years after the transfer of PTA Bank headquarters to Nairobi in Kenya, there is talk of returning the bank back to Bujumbura, Burundi.
By: Claudine Nzigiyimana
Tanzania surges ahead:
News Tuesday, Dec 10, 2013
DAR ES SALAAM, Tanzania--Today, mainland Tanzania celebrates its independence anniversary.Tanzania’s economy has been growing steadily for the past 10 years. In 2012, the economy expanded by 6.9%, which is close to its more recent historical average. Mo
By: John Sambo
20 year milestone for NMS in Uganda:
News Tuesday, Dec 10, 2013

By: Baz Waiswa
Ugandan bank to become regional:
News Tuesday, Dec 10, 2013
KAMPALA, UGANDA - Tropical Bank, a commercial Bank with 99.7% shareholding of the Libyan government has said it will soon set foot in the four other East African partner states as it aims at reaching out to a larger population.
By: Paul Tentena
Kenya gets funding for Kinangop power:
News Tuesday, Dec 10, 2013
NAIROBI, Kenya--The African Infrastructure Investment Fund 2 (“AIIF2”) and Norfund, the Norwegian Investment Fund for Developing Countries, achieved financial close of the 60.8MW Kinangop Wind Park project in Kenya.
By: Humphrey Liloba
Kampala in $280m revamp for city water:
News Tuesday, Dec 10, 2013
KAMPALA, Uganda- The government, with funding from development partners, has put pen to paper with three firms to undertake infrastructure development and improvement of water and sanitation in the Greater Kampala Metropolitan Area.
By: Baz Waiswa
Rwanda to create 3.2 million jobs:
News Wednesday, Dec 04, 2013
KIGALI, RWANDA - -A one day conference on Growing Small and Medium Entrepreneurs [SMEs] which was aimed at boosting such businesses and therefore pulled many business people across Rwanda and the neighboring countries was last week concluded.
By: Agnes Bateta
Burundi holds financial fair:
News Friday, Dec 06, 2013
BURUNDI – Leaders of banks, financial and microfinance institutions have been urged to adopt proactive policies for growth and promotion of allocations to agriculture and livestock as well as agricultural entrepreneurship.Different stakeholders in the a
By: Claudine Nzigiyimana
Uganda for 100% cover:
News Friday, Dec 06, 2013
Kampala, Uganda – National Water and Sewerage Corporation (NWSC) last week launched a Five Year Strategic Direction work plan that will facilitate and increase water and sewerage service delivery to major urban centers by 100 percent.
By: Baz Waiswa
Tanzania to review VAT, oil and gas laws:
News Wednesday, Dec 04, 2013
DAR ES SALAAM, Tanzania - The government has started reviewing its Value Added Tax (VAT) law in order to help improve economy and livelihood of the people.This was said last week by the Tanzania Revenue Authority Commissioner General, Harry Kitillya
By: Patrick Kisembo
afb in card deal with Kenya Woolworths :
News Friday, Dec 06, 2013
NAIROBI, Kenya - Woolworths has entered into a strategic partnership with afb, a consumer finance company, offering customers a chance to buy goods on credit in any Woolworths store in East Africa.The deal will see afb managing the Woolworths Private Labe
By: Humphrey Liloba
Regional insurers in lobby talk:
News Friday, Dec 06, 2013
NAIROBI, Kenya - Regional underwriters have sealed a deal to set up an umbrella body to lobby for fair and competitive business environment as they seek to boost insurance penetration rates. It marks the beginning of a push to develop a strong self-regula
By: Patrick Kisembo
Tanzania makes $700m from exporting zones:
News Sunday, Dec 01, 2013
DAR ES SALAAM, Tanzania - The country’s Export Processing Zone Authority (EPZA) last week announced that its total value of exports topped $700million.
By: Patrick Kisembo

 EU gives Tanzania $10m Kenya passes $1.3b extra expenditure Dfid commits USD$1m to Nothern Uganda Rwanda to get new school curriculum Uganda Identity cards coming in effect in 2014 Kikwete tells oil firms to behave
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