Low savings, imagined high risks stifling growth
Limited local savings and perceived high risk have conspired to undermine growth in Uganda's capital markets. The scenario has led to relatively few retail investors on the local bourse and st |
Banks on notice to raise capital base
Tanzania's banking industry is facing an up hill task to top up its capital base, after the central bank announced it was raising the minimum requirement by nearly 200 per cent. The move comes |
Dar T-bills oversubscribed by 100pc
Tanzania recorded a 100 per cent oversubscription in Treasury-bills in the 2009/10 fiscal year, as commercial banks reduced lending to the private sector as a result of the global financial crisis |
KCB's $183m rights issue roadshow hits Kampala
K CB Group has officially unveiled its second rights issue in Kampala, valued at $183 million.
The funds will be directed towards expansion projects in Central Africa and reinforcing its ca |
Bharti Airtel to focus on rural Uganda
Bharti Airtel has started its expansion into Africa with a focus on Uganda, promising to shake up the market by taking affordable services to rural areas. This follows its $10.7 billion takeo |
Foreign investors spur trade at DSE
F oreign investors traded the most shares at the Dar es Salaam Stock Exchange in the week ending June 26, accounting for 67.46 per cent of total turnover. A total of 4,099,584 shares worth |
Boom prompts mortgage firm to seek $2.3m bond
Housing Finance, Uganda, has been handling brisk business in Kampala over the past three years as a property boom continues. The mortgage firm is now tapping Uganda's debt market for $2.3 mil |
NSE to benefit from EA Protocol
A s five member states of the East African Community move towards the Common Market protocol this week, the Nairobi Stock Exchange expects to be a great beneficiary. The biggest exchange in t |
Emirates taps Africa routes for growth
Emirates, the Dubai-based airliner, has placed $11.5 billion order with Air a bus for an additional 32 A380 aircraft. This will enhance the airliner's market ex |
Bullish NSE heading for 5,000 mark
T he Nairobi Stock Exchange is nearing the 5,000-point mark that the 20-share index last reached in 2007. The market is currently up 34 per cent in the year and analysts are confident that it |
Switch to electronic trading starves USE
T he ongoing efforts to switch trading to an electronic platform continued to limit the supply of shares on Uganda's securities market. The switch will see the physical share certificates |
Why small businesses need a special capital fund
In any developed or emerging economy small businesses provide the momentum to spur growth and economic development. Bill Gates and Manu Chandaria were once start-up entrepreneurs. They would ha |
Afte 4-yea delay, Kenya and Tanzania eady to ate hotels
After a four-year delay, the project to classify hotels in the East African region will finally kick off in the 2010/11 fiscal year. Tanzania and Kenya will lead the region by rating their hote |
Jubilee holds AGM as it joins billionaires club
surer, Jubilee Holdings, holds its annual general meeting this week with a big smile as it joins the bil- lionaires club. The company's chairman, Nizar Juma, will present a pre-tax pro?t of Ksh1.16 |
AfDB to tiple capital base and double lending C
T he African Development Bank will double its lending to member countries, after shareholders agreed to triple its capital base to $100 billion. A recent meeting of shareholders in Abidjan |
Budget speech raises hope for NSE listing
K enyans could soon own a stake in the Nairobi Stock Exchange, after Finance Minister Uhuru Kenyatta, said he would push for an amendment to the law to allow for demutualization. "I propos |
Demand for Dar T-bills at a record high
B ids for Tanzania's Treasury bills registered a record high of $850 million in April, against $250 million registered in March. The Bank of Tanzania monthly report says that the demand was f |
