HakiPensheni: June 2020

Tuesday, June 30, 2020

Tanzania: Dr Magufuli Makes Surprise Appointment

By Bernard Lugongo in Kisarawe

IN a dramatic turn of events, President John Magufuli yesterday revoked appointment of Kisarawe District Administrative Secretary (DAS) and made replacement on the spot, a unique leadership style

EXECUTIVE Director of Tanzania Private Sector Foundation (TPSF), Godfrey Simbeye has called on the youth in Songwe Region to

By James Kamala

TANZANIA has signed three agreements with France, through the French Development Agency (AFD), for a concessional loan of 230 million euros (about 592.57bn/-), to

By Bernard Lugongo

IMPORTATION of fuel for August will rise by 52 per cent for petrol and 30.9 per cent for diesel as

HUGE investments in infrastructural projects are among the top priorities of the fifth phase government after assuming power five years ago, with a view to revolutionising mobility and the

By Stock Market Weekly Performance

Weekly outlook

DURING the week, the market closed lower after downward movement in DSEI mainly due to

Stock Market

BOTH, the Tanzania Share Index (TSI) and the All Share Index (DSEI) marginally fell during the

By Peti Siyame in Sumbawanga

SUMBAWANGA Municipal Council in Rukwa Region has issued a 488,340,500/- interest-free loan to

Bujagali power station in Uganda. Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), which owns the Bujagali Hydropower Project. PHOTO | FILE | NMG

In Summary

SN Power, which remains with an economic majority of 55.45 percent shares in BEL, invests

The African Heads of States and Governments pose during African Union (AU) Summit for the agreement to establish the African Continental Free Trade Area in Kigali, Rwanda, on March 21, 2018. PHOTO | AFP

In Summary

• AfCFTA was supposed to take operational effect on Wednesday, July 1, but the timeline has slipped,

East Africa Legislative Assembly (EALA) during a session in Nairobi. EALA passed a resolution on June 29, 2020 calling for urgent need for remittances of the financial obligations by partner states. PHOTO | FILE | NMG

In Summary

Assembly urged the Council of Ministers to direct partner states to immediately and

Depositors to access Sh500,000 in case bank collapses

By Frankline Sunday

Customers who have up to Sh500,000 in deposits will recover all their money in the event their lender is liquidated. This is after the Kenya Deposit Insurance Corporation (KDIC) increased the

Virus hits medical, PSV insurers hard

By Wainaina Wambu

From left: Insurance Regulatory Authority CEO Godfrey Kiptum, Treasury CAS Nelson Gaichuhie and IRA Chairman Abdirahin Abdi during IRA’s strategic plan launch last year. [Maxwell Agwanda, Standard]

Medical and Public Service Vehicle (PSV) insurers are emerging as the hardest hit sections in the

Old man with Parkinson symptoms difficult walking. PHOTO | SHUTTERSTOCK

Qn: “How can one limit the effects of Parkinson’s disease? My grandfather has just been diagnosed with the condition.”

By FRANK NJENGA
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Summary

The relationship between stress and Parkinson’s disease remains controversial, though some experts believe that it exists.

In 1817, an English physician by the name James Parkinson wrote an essay on the “Shaking Palsy”.

Equity Group Chief Executive James Mwangi. FILE PHOTO | NMG

By PATRICK ALUSHULA
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Summary

The restructured loans are equivalent to 30 percent of the bank’s entire loan book.
The majority of the loans are from workers hit by job cuts and unpaid leave as well as

Customer service. FILE PHOTO | NMG

By JENNY LUESBY
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In Kenya, we know about power that is unchecked by rules or structured consequences; we have a

Seafarers play a crucial role in shipping operations at sea. FILE PHOTO | NMG

CMA acting chief executive Wycliffe Shamiah. FILE PHOTO | NMG

By BRIAN NGUGI
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Summary

The Capital Markets Authority (CMA) in a notice Wednesday invited stakeholders to

Bob Collymore, the former Safaricom CEO who died on July 1, 2019. PHOTO | SALATON NJAU

By JOSHUA OIGARA

Summary

Lessons from his life are particularly relevant today for business in a world beset by the

KEPSA donates equipment and materials to the Ministry of Health

The Kenya Private Sector Alliance (KEPSA), through its Health Sector Board, Kenya Healthcare Federation, KHF, handed over a donation of equipment and materials worth more than KSh33 million to the Ministry of Health to assist in the fight against Covid-19.

Jubilee firms grip on Uganda’s Bujagali

Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG

Ms Gladys Wanjohi a fruits trader in Nyeri town. PHOTO | JOSEPH KANYI | NMG

By ELIZABETH KIVUVA
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Summary

Data released by the Kenya National Bureau of Statistics (KNBS) shows the cost of

Majority of firms in the EPZ are in textiles and apparels and largely exports to the US. FILE PHOTO | NMG

By GEOFFREY IRUNGU
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Summary

The new measure will ensure compliance with the rule that EPZs must sell at least 80 percent products in

Collapsed Imperial Bank depositors protest outside the lender’s headquarters on Westlands Road in Nairobi on October 13, 2016. FILE PHOTO | NMG

By ELIZABETH KIVUVA
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Summary

The Kenya Deposit Insurance Corporation says the increase from Sh100,000 will cover

Safaricom headquarters on Nairobi's Waiyaki Way. PHOTO | FILE | NATION MEDIA GROUP

Summary

Ilanna joined Safaricom in February 2017 as the head of Finance Planning and analysis and

Students take part in mass fare-dodging protest at Los Heroes metro station in Santiago, Chile, on December 2, 2019. When a protest movement took to the streets against inequality in October, it was largely led by the middle classes. PHOTO | JAVIER TORRES | AFP

Summary

With high levels of debt, facilitated by easy access to credit, and a lack of state support, a

International Islamic Trade Finance Corporation (ITFC)

International Islamic Trade Finance Corporation Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa

Murabaha financing agreement delivers critical support for thousands of farmers exporting food commodities across the continent as COVID-19 impacts global food commodity prices

JEDDAH, Kingdom of Saudi Arabia, June 30, 2020/ -- The International Islamic Trade Finance

Development Finance Institutions commit to support Sudan’s transformation

African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank’s continued support in the country’s transformation journey

ABIDJAN, Ivory Coast, June 30, 2020/ -- Three leading international financial institutions, the

Rwanda, France sign Rwf54 billion deal

The signing marks an important step in the revival of relations between Rwanda and France.

VIEW GALLERY 7 Photos

France, through its development bank, Agence Française de Développement (AFD), and Rwanda on Tuesday, June 30th, 2020 signed two financing agreements worth €49.5 million (Rwf54 billion) that will support Rwanda's response to the Covid-19 pandemic.

Emmanuel Côme Mugisha

The agreements were signed by Uzziel Ndagijimana, Rwanda’s Minister of Finance and economic

Rwanda to host East Africa Tourism Platform secretariat

Rwanda will host the secretariat of the East Africa Tourism Platform, a regional private sector body for tourism in the East African region, which was set up by TradeMark East Africa in 2011.

Julius Bizimungu

The platform was established as an initiative to promote the East African Community as one tourism

Thierry Nshuti, Head of Marketing at Bank of Kigali. / Photo: File.

Times Reporter

Bank of Kigali has launched a financial literacy clinic, an educative and entertaining program that

Rwandan students to benefit from €31m German employability fund

Officials from INES-Ruhengeri attend virtually the official launch of African Centre for Career Enhancement and Skills Support (ACCESS) project. Courtesy