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Market News

  • 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. . .

  • Crystal Telecom announces dividends

    Posted on :Thursday , 10th September 2015

     KIGALI, Rwanda - Crystal Telecom’s board announced recently its shareholders will receive a dividend payout of Rwf 1,017,000,000 (about $1.43 million) making it Rwf3.75 per share writes AGNES BATETA.

     
    This is just over a month since the listing of Crystal Telecom as announced in statement released last week in Kigali.
     
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  • Plans to improve business climate underway.

    Posted on :Wednesday , 9th September 2015

     The TNBC Executive Secretary, Mr Raymond Mbilinyi, told journalists in Dar es Salaam yesterday that implementation of all agreed recommendations during the meeting chaired by President Jakaya Kikwete will be presented at the coming 9th Council’s meeting on 2nd October, 2015.

     
    “Some are just administrative issues which are easy to implement while tho. . .

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