EAST AFRICAUganda, Iran's gateway into Africa: envoy
Gorgan: The Ugandan Ambassador to Tehran, Mohammad Ahmad Kissule announced earlier this week that Uganda can be an appropriate gateway for Iranian investors to enter African markets. 6 Aug 2008 10:50
EAST AFRICAFina Bank to promote free flow of East Africans
[Walter Wafula] Fina Bank, a newly licenced commercial bank in Uganda, is set to encourage the movement of workers amongst East African countries, to facilitate the transfer of skills among members of the community. 31 Jul 2008 14:02
EAST AFRICASocial Security Fund doubles savers' interest rate
[Walter Wafula] Uganda's National Social Security Fund has doubled the annual interest rate at which it pays its members, to 14% in a bid to reward them with the fund's enormous profit. 30 Jul 2008 13:33
EAST AFRICAHigh import tariffs holds up growth
[Michael Appel] High import tariffs, trade barriers and a culture of protectionism impedes economic growth, says Department of Trade and Industry Director General Tshediso Matona. 28 Jul 2008 12:35
EAST AFRICANakumatt launches IT switching system
[Carole Kimutai] Retail supermarket chain, Nakumatt has moved to bolster its financial services offering with a KSh20m information technology switching system. 24 Jul 2008 19:42
EAST AFRICACapital gains strengthen National Social Security Fund profits
[Walter Wafula] Uganda's National Social Security Fund has announced a profit of UGX131bn for the financial year ending June 2008 boosted by accumulated capital gains from equity investments. The record earnings represent a 22% growth in profits from last year's financial results when NSSF registered profit worth UGX107bn. 15 Jul 2008 15:29
EAST AFRICAUK to increase trade to Africa to $750m by 2010
[Michael Appel] The United Kingdom will be spending some $750 million in Africa by 2010, through its "Aid for Trade" strategy forming part of the Economic Partnership Agreements (EPAs). 7 Jul 2008 16:52
EAST AFRICAAIG Uganda posts UGX5bn profit
[Walter Wafula] American International Group has announced a profit before tax of UGX5bn representing a 4.1% growth in the company's earnings in 2007. The profit growth is a result of swollen premiums, according to the company's 2007 financial reports released on July 2. 7 Jul 2008 10:15
EAST AFRICAKenya: New law could raise food prices further
Prices of food in Kenya, which have already risen by 50 percent since the start of 2008, could increase further following a new government regulation, a consumer watch group has warned. 7 Jul 2008 08:44
EAST AFRICAIMF projects Kenya's growth will fall to 4%
[Walter Wafula] According to the International Monetary Fund (IMF), the post-election unrest that Kenya experienced from December 2007 to February this year is expected to contract the economy's growth rate from 7% last year to 4% in 2008. 7 Jul 2008 06:27
EAST AFRICAKenya approves biofuel project
Kenya has approved a biofuel project which environmentalists fear will destroy wetlands and impoverish local residents. 25 Jun 2008 14:05
EAST AFRICAEast Africa governments told to harmonise trade terms
[Carole Kimutai] Kenya's retail supermarket chain Nakumatt has petitioned East Africa governments to consider harmonising existing trade terms to accelerate regional growth. 11 Jun 2008 11:35
EAST AFRICAKenya hits Coca-Cola with excise tax
Coca-Cola's Kenyan operations have received a hard knock with a ruling from the Revenue Authority that will force the company to pay excise tax on costs incurred washing and sanitizing returned soda bottles. 10 Jun 2008 07:48
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