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Topic - Shilling
Sep 10, 2014
East Africa's Rift Valley Railways, operator of the only rail line linking Kenya's Indian Ocean coast with Uganda, said on Wednesday it had funding of 2.2-billion Kenyan shillings ($24.80-million) to buy 20 locomotives to be delivered by next April. Rift Valley...
Sep 10, 2014
Kenya's Mumias Sugar warned on Wednesday that projected losses for the year to June 2014 would be bigger than the previous year's pretax loss of 2.24-billion shillings ($25.3-million). "The company wishes to report that the projected loss for the year ended June 30,...
Sep 03, 2014
The Nairobi Securities Exchange (NSE) has raised 627-million Kenyan shillings ($7.1-million) for expansion in an oversubscribed initial public offering as part of plans to demutualise the bourse. Demutualisation is seen as a way of curbing the influence stockbrokers...
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
Kenya's economy will be stimulated by infrastructure development this year and should expand by at least 4-4.5 percent, the east African country's finance minister said on Monday. East Africa's biggest economy grew by an estimated 2-2.5 percent in 2008 -- the lowest...
Sep 19, 2008
Aug 26, 2008
May 07, 2008
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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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