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Market News

  • Ugandan millionaire Ashish Thakkar\'s Mara Group raising $100M to launch pan-African e-commerce platform

    Posted on :Wednesday , 23rd September 2015

    Dubai-based Mara Group is launching an Africa-wide online marketplace that it hopes will become the leading e-commerce business in Africa within less than four years.

    Ashish Thakkar, Founder of Mara Group and the executive chairman of the new venture, describes it as “a marketplace for global brands to plug into to sell locally in Africa, and for local brands to sell nation. . .

  • Rwanda positioning tourism sector to fetch home more revenues

    Posted on :Wednesday , 23rd September 2015

    The government is pushing forth a vision to finance own budget by gradually reducing donor dependence. To do this, government has to up its game plan in harnessing local sources of revenue.
    You only get quantity and quality milk from a cow that you nourish well. This means to make the most of the lucrative tourism industry, the government has to continue devising measures to improve the . . .

  • East Africa: Foreign Investors Push USE Growth to $14.1 Million

    Posted on :Monday , 14th September 2015

     Active participation of foreign investors in equities propelled a fivefold jump in turnover on the Uganda Securities Exchange in the second quarter of 2015, compared with the same period last year.
    The USE reported a turnover of Ush52.34 billion ($14.1 million) compared with Ush10 billion ($2.7 million) in quarter 2 of 2014.
     
    Power distributor U. . .

  • Uganda: Regional Manufacturers to Establish Investment Fund

    Posted on :Thursday , 10th September 2015

    Kampala — Regional manufacturers are planning to establish a fund that will facilitate joint investment in capital intensive and flagship projects.

     
    This was one of the resolutions made during the recent EAC manufacturers' business summit, and is aimed at discussing the role of manufacturing in deepening the integration and fostering economic growth in the regi. . .

  • Germans lend Exim Bank Tanzania $20m

    Posted on :Thursday , 10th September 2015

     DAR ES SALAAM, Tanzania - Exim Bank Tanzania Limited has signed a $20 million (about Tsh42 billion) loan with Germany’s private enterprise lender, Deutsche Investitions und Entwicklungsgesellschaft  MBH (DEG) writes LEONARD MAGOMBA.

     
    “Signing this loan agreement with DEG asserts the confidence of these International DFIs in this ‘argest l. . .

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