PTA bank in $160m loan deal for SMEs Regional financier PTA Bank has signed two loans worth $160 million to finance small and medium enterprises in the region.
Saving the lions of Kaputei plains If you wait here, you will see them cross the road,” says William Parsayiato, the owner of an 80-acre parcel of land, six kilometres from the southern end of the Nairobi National Park.
Chinese demand slowing down, domestic deficits rising — where is Africa headed? Once again, the latest review of growth prospects for sub-Saharan Africa shows that the region’s economy is in good health. Growth is set to pick up to five per cent, compared with 4.9 per cent...
Will Africa keep booming or collapse again? Here’s how to create our own future Next week, over 2,000 people from around the world will gather in Kigali for the African Development Bank’s Annual Meeting. Among those attending will be finance ministers and central bank...
Tanzania banks on DRC office to secure role as region’s trade hub Tanzania has opened an office in Lubumbashi, DR Congo, as part of a reform and expansion plan to become a port hub for the hinterland countries, and fight off competition from Kenya.
Foreign investments in Africa have risen, but have Africans benefited? Foreign direct investments in Africa have grown remarkably in recent years. However, the debate on how sustainable the flow of capital to the continent is, and whether it has helped to improve...
IMF warns Uganda on economic risks The International Monetary Fund (IMF) has warned Uganda and sub-Saharan African countries that their economies are facing downside risks from both domestic and external environment
Africa’s impressive growth is not creating jobs; we need to industrialise Most investors are looking at Africa as the next frontier for their money. But the continent has to deal with paradoxes such as unemployment and inequality and the billions of dollars...
Insurance sector hit by wave of mergers, takeovers Pan-African reinsurer Continental Re is seeking new deals in East Africa in a new wave of mergers, acquisitions and share deals that promises to shake up the bloc’s insurance and reinsurance market.
Tanzania Eurobond to be delayed if costs too high President Jakaya Kikwete has said that Tanzania aims to launch its debut Eurobond worth at least $700 million in the financial year starting July and could seek more if conditions were favourable...
