Tuesday, June 30, 2020

Tanzania: Dr Magufuli Makes Surprise Appointment

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

Tanzania: Tpsf Urges Youths to Utilise Investment Opportunities

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

Tanzania: Tz, France Ink 590bn/-Deal for Mega Projects

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

Tanzania: Fuel Importation Set for 50pc Rise in August

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

Tanzania: Why SGR Project Remodels Transport of People, Goods

PichaHUGE 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

Tanzania: Dse Closes the Week Lower After Dsei Decline By 0.13 Percent

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

Tanzania: Dar Exchange Indexes Register Slight Decline

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

Tanzania: Groups of Youths, Women, Disabled Get Over 480m/ - Interest-Free Loan

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

Jubilee Holdings injects additional $40m in Bujagali Energy

Bujagali power station in Uganda.
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 

Africa free-trade vision clouded by virus and pace of talks

The African Heads of States and Governments
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 

EALA urges partner states to pay contributions

East Africa Legislative Assembly.
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 

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

Parkinson’s disease signs and its management

Parkinson symptoms 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.”


    • 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”.

Restructured Equity loans cross Sh100 billion mark

James Mwangi Equity Group Chief Executive James Mwangi. FILE PHOTO | NMG  


    • 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

Why customers need better protection

Customer service Customer service. FILE PHOTO | NMG 
In Kenya, we know about power that is unchecked by rules or structured consequences; we have a

Why seafarers are unsung heroes in war on pandemic

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

CMA seeks views on shares buyback

 Wycliffe Shamiah CMA acting chief executive Wycliffe Shamiah. FILE PHOTO | NMG 


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

The business lessons we took from Collymore, and his legacy

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


    • 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

 Nizar Juma Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG 

June inflation drops to 9-month low

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


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

New 2.5pc duty to raise price of EPZ local sales

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


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

Deposits payout in collapsed banks raised to Sh500,000

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


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

Safaricom names Ilanna Darcy as interim CFO

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

Coronavirus turns Chile's middle classes into new poor

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

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

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

Africa: Development Finance Institutions commit to support Sudan’s transformation

African Development Bank Group (AfDB)

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.
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.

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.

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

FEATURED: Bank of Kigali launches a "financial literacy clinic"

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

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
University students from across the country are set to benefit from a project that seeks to nurture their