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Topic - Shilling
Jul 30, 2014
IT technician Mansour Diagne is one of the lucky few in Senegal to have a bank account, but when he needs to pay some bills or transfer cash to his sisters on the other side of the crowded capital Dakar, he reaches for his mobile phone. Fewer than 20% of adults in...
Jul 18, 2014
Kenya has agreed to sell a 26% stake in a wines and spirits marketer to South Africa's Distell Group for 860-million shillings ($9.81-million), Kenya's Privatisation Commission said on Friday. The sale of government-owned shares in Kenya Wine Agencies to Distell is...
Jul 09, 2014
Kenyan power producer KenGen said it aims to complete a 15-billion shilling ($171-million) rights issue by end-2014 and hopes to have a commitment from the government by August on the amount of financial support it will provide. In February, KenGen said it planned to...
Jul 04, 2014
African countries' rapid growth over the past decade may have been the envy of many developed economies, but their number crunchers have struggled to keep up. That barely mattered when investors were desperate to find a place to park their cash as more developed...
Jul 02, 2014
Kenya has awarded a 43-billion shilling ($490.31-million) contract to build a fuel pipeline linking Mombasa and Nairobi to Lebanese construction firm Zakhem International, the State-run Kenya Pipeline Company (KPC) said. KPC has said previously that the existing...
Mar 12, 2012
The African Development Bank (AfDB) said on Monday it would loan Kenya 21.8-billion shillings to finance the construction of roads and energy projects in east Africa's biggest economy. The amount brings the AfDB's total support to Kenya for roads and energy to close...
Feb 17, 2012
Vodacom Tanzania, part of South Africa's Vodacom Group, said on Friday it had boosted total users by a third last year and will spend about $94-million over the next year-and-a-half to expand network and data services. Rene Meza, Vodacom Tanzania's MD, said the...
Aug 08, 2011
Tanzania signed an agreement on Monday to borrow $250-million from a consortium of banks led by Stanbic Bank to finance infrastructure projects, a spokeswoman for Stanbic Bank Tanzania said. Tanzania has increased infrastructure spending in its 2011/12 budget by...
Mar 02, 2009
Sep 19, 2008
Aug 26, 2008
May 07, 2008
Apr 22, 2008
The African Development Bank (AfDB) will give $1,5-billion to five countries in east Africa to improve roads, bridges and railways over the next three years, the bank's regional head said. Three of the five countries in the regional bloc, -- Uganda, Burundi,...
Apr 10, 2008
Tanzanians interested in buying shares of leading Kenyan mobile phone firm Safaricom have to skip the sale because it will not cross-list in Dar es Salaam, a senior bourse official said on Thursday. The Kenyan government is offloading a 25 percent stake of Safaricom...
Mar 14, 2008
Kenya is to offer 25 percent of mobile phone operator Safaricom at 5 shillings per share, valuing it at about $3,06-billion, in a key test of investor confidence in east Africa's biggest economy after a damaging post-election crisis. Officials said there will...
Feb 29, 2008
Position: CEO, Maponya Group
Jun 29, 2005
Unions have responded to the Chamber of Mines' offer of a 2,5% increase in the gold-mining sector, with two of the three expressing indignation at the offer.
Jan 09, 2004
Uganda announced yesterday a cut in industrial power tariffs by up to 32,4% to encourage manufacturing.
Nov 26, 2003
Barring accidents Sophia Nalujja, a mother of seven living in central Uganda's rural Kayunga district, may never want for anything.
Sep 19, 2003
Kenya is seeking higher compensation for farmers for land bought by Canadian firm Tiomin for atitanium mine it plans to open on the Indian Ocean coast, the environment minister said yesterday.
May 27, 2003
Kenya's government said it had told Canadian miner Tiomin to hike almost tenfold the compensation it would offer farmers for their land if it wanted to pursue longstanding plans to dig titanium.
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