Tanzania’s earnings from gold exports rose 34% in 2020 to $ 2.95 billion from $ 2.21 billion recorded in 2019 . In the latest monthly economic review, the Bank of…
FDI contributed 62,876 jobs in Uganda accounting for (18.2%) of total jobs created, while FDI into Tanzania created 46,765 jobs accounting for 47.9% of the total jobs created.
Equity Bank has been awarded the Best Regional Bank in East Africa, and for the second year running, the Africa Socially Responsible Bank of the Year, having demonstrated high performance…
The devaluation of the local currency has prompted investors to inject money into listed companies. Until the end of 2019, these shares were undervalued but are now the only factors…
Ordinary revenues are now projected to decline by Kes 28 billion to Kes 1.60 trillion in the current financial year.
The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is selling it at 167 SSP.
“NPL increases were noted in the real estate, personal, transport and communication sectors due to subdued business environment,” Dr. Njoroge said.
Mr. Hansen will be based in Nairobi, Kenya.He succeeds Carlos Felipe Jaramillo who was appointed as the Vice President for Latin America and the Caribbean region.
Last year, the brewer, which has presence in Kenya, Uganda and Tanzania saw its net revenue rise to Kes 82.5 billion, gains which were primarily driven by strong underlying performance…
CIPLA’s share price has fallen by more than a half from the Initial Public Offering (IPO) price of Ushs 256.5 per share in 2018. Its shares were trading at Ushs…