Home » Archives by category » Money

Chase bank to reopen its doors in Kenya

Chase bank to reopen its doors in Kenya

It is reprieve for customers of Chase Bank Kenya, following the revelation that the bank will be resume its operations in Kenya next week Wednesday April 27, 2016. Approximately 167, 290 customers are set to access their money, customers with deposits below 1 million Kenya shillings will be allowed to withdraw their money, which translates […]

Ecobank, Orange team up to expand mobile money services in West Africa

Ecobank, Orange team up to expand mobile money services in West Africa

Ecobank and Telecom giant Orange have launched a bank-to-wallet money transfer service that will see customers use their mobile phones to securely transfer money between accounts at any time without the need to go to a distribution point. The service will be available in Côte d’Ivoire, Guinea and Niger, adding to the already existing operations […]

Mobile Money Transactions surging in Rwanda

Mobile Money Transactions surging in Rwanda

The number of people using mobile money services in Rwanda has increased, with around 2.3 million Rwandan adults using the service, 34% of the population is registered with mobile money accounts while 10% use someone else’s Mobile Money account, according to the Rwanda Finscope 2016 report. Considering multiplicity of mobile money accounts, there are 2.7 […]

Barclays bank to close Africa operations

Barclays bank to close Africa operations

After registering an annual loss of a staggering $550 m, Barclays bank has confirmed its three-year plan to sell its Africa shares shedding about 4000 jobs across the continent. The development means the bank’s more than a century presence in Africa is finally coming to a “very difficult” end, according to Barclays CEO, Jes Staley. “The […]

Rwanda registers increase in tax revenues

Rwanda registers increase in tax revenues

Rwanda Revenue Authority (RRA) has recorded an increase in the taxes collected as a result of the use of Electronic Billing Machines (EBMs) by the business community, according to the Revenue body’s Commissioner General, Richard Tushabe. Tushabe said that the last quarter of fiscal year 2014/15 saw the tax body collect over Rwf470.6 billion in […]

Ugandan farmers Petition UN over land grabbing

Ugandan farmers Petition UN over land grabbing

The Bugala Farmers Association in Uganda has called on the United Nations Development Programme (UNDP) to sever its ties with Bidco Africa, a Kenya-based edible oil producer accused of land-grabbing, human rights violations and environmental disasters in Uganda, Kenya and Tanzania. Over 100 farmers lost their land to Bidco when, in partnership with the local […]

Tanzania bans sugar imports

Tanzania bans sugar imports

Tanzania has banned all importation of sugar for local consumption as a short term measure to protect local manufacturers, Dr John Magufuli, Tanzania’s president issued the new directive in Dar es Salaam on Thursday. According to the president any sugar deficit would be covered after the responsible authority seeks approval from the Office of the […]

Ecobank announces leadership changes

Ecobank announces leadership changes

Pan African Bank Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on Tuesday announced a top leadership change in its most profitable subsidiary, Ecobank Ghana Limited. In a press statement, Ecobank said that Samuel Ashitey Adjei, the current Managing Director of the Ghana Subsidiary, has been appointed Managing Director for the Group’s […]

Tanzania public schools set for entrepreneurial training

Tanzania public schools set for entrepreneurial training

Secondary school students will soon begin to take practical training and acquire entrepreneurial skills for them to be self-reliant even before writing their final exams, thanks to the government plan to tackle youth unemployment. Addressing the National Economic Empowerment Council’s Economic Empowerment Working Meeting in Dar es Salaam Thursday, Prime Minister Majaliwa Kassim Majaliwa stressed […]

Tanzania unveils FY 2016/17 Tzsh22.9trn budget

Tanzania unveils FY 2016/17 Tzsh22.9trn budget

The Government of Tanzania on Monday tabled the 2016-2017 budget framework indicating a slight increase in expenditure from the current Tzsh22.49trn to Tzsh22.9trn. The newly drafted development plan is envisions an increase in domestic revenues by 14 per cent and a subsequent reduction in foreign borrowing by 3 per cent. Dr. Philip Mpango, Tanzania’s Finance […]

Page 1 of 10123Next ›Last »