Kenya's 2015 Financial Market Report
Stock Market It has been a tough year at the bourse in 2015 amidst a tough operating environment. We have tried demonstrating this using the various indices below. NSE All [...]
Magufuli suspends rail chief pending probe into SGR tender
Tanzanian President John Magufuli has suspended a senior rail official and ordered an investigation into possible irregularities in the awarding of a tender to build a standard gauge railway line, [...]China to cancel Zimbabwe’s $40m debt
China will cancel about $40 million (Sh4 billion) worth of Zimbabwe’s debt due to mature this year and Harare hopes to facilitate use of the yuan currency in its economy [...]2,800 staff to be laid off in Shell's Record takeover deal
Multinational oil and gas company, Royal Dutch Shell has said it will cut 2,800 jobs if its planned takeover of BG Group succeeds. The proposed job cuts comes just four [...]EAC Govt's urged to Speed Up merger of Regional Exchanges
Regional governments should take advantage of automation across the East African Community (EAC) stock markets to speed up the combination of the region's stock exchanges. This arised during the East Africa [...]Etihad begins flights to Dar es Salaam
Etihad Airways, the national airline of the UAE, today enhanced its presence in East Africa with the launch of new services between Dar es Salaam, the largest city in Tanzania, [...]Mali Business affected after Hotel attack
Business was severely affected in Mali after the attack around the Radisson Hotel that killed 27 people in the Malian capital of Bamako on Friday. Sidibe is a driver for [...]Zimbabwe: Government takes control of Telecel by acquiring 60% shares of VimpelCom
(Ecofin Agency) – According to the Zimbabwe Independent, the Zimbabwean government has taken control of the mobile operator Telecel. The state bought a 60% share in the company VimpelCom for [...]Nigeria’s oil output could drop by 15 percent by 2017
Nigeria’s oil output could drop by as much as 15 per cent by 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior [...]Uganda Drains Over Ksh 1.2 Billion in Preparations For Pope's Visit
Following Museveni’s visit at Vatican at the tail end of 2014, Uganda was informed of the third visit of Vatican during the Uganda Martyrs’ Day celebration hold on June. However, [...]IMF lowers Uganda’s growth forecast
The International Monetary Fund (IMF) revised Uganda’s growth forecast for the 2015/16 (July-June) fiscal year to 5 percent from the 5.8 percent it predicted in May, the fund said in [...]South Africa Market Strengthens After Central Bank Rate Hike
Market Update South Africa's rand hit a two-week high against the dollar (14.0020) on Thursday after the central bank governor raised the repo rate, while shares rose led by Gold [...]
