UGANDACapital gains strengthen National Social Security Fund profits
[Walter Wafula] Uganda's National Social Security Fund has announced a profit of UGX131bn for the financial year ending June 2008 boosted by accumulated capital gains from equity investments. The record earnings represent a 22% growth in profits from last year's financial results when NSSF registered profit worth UGX107bn. 15 Jul 2008 15:29
SOUTH AFRICAUK to increase trade to Africa to $750m by 2010
[Michael Appel] The United Kingdom will be spending some $750 million in Africa by 2010, through its "Aid for Trade" strategy forming part of the Economic Partnership Agreements (EPAs). 7 Jul 2008 16:52
UGANDAAIG Uganda posts UGX5bn profit
[Walter Wafula] American International Group has announced a profit before tax of UGX5bn representing a 4.1% growth in the company's earnings in 2007. The profit growth is a result of swollen premiums, according to the company's 2007 financial reports released on July 2. 7 Jul 2008 10:15
KENYAKenya: New law could raise food prices further
Prices of food in Kenya, which have already risen by 50 percent since the start of 2008, could increase further following a new government regulation, a consumer watch group has warned. 7 Jul 2008 08:44
AFRICAIMF projects Kenya's growth will fall to 4%
[Walter Wafula] According to the International Monetary Fund (IMF), the post-election unrest that Kenya experienced from December 2007 to February this year is expected to contract the economy's growth rate from 7% last year to 4% in 2008. 7 Jul 2008 06:27
EAST AFRICAKenya approves biofuel project
Kenya has approved a biofuel project which environmentalists fear will destroy wetlands and impoverish local residents. 25 Jun 2008 14:05
EAST AFRICAEast Africa governments told to harmonise trade terms
[Carole Kimutai] Kenya's retail supermarket chain Nakumatt has petitioned East Africa governments to consider harmonising existing trade terms to accelerate regional growth. 11 Jun 2008 11:35
KENYAKenya hits Coca-Cola with excise tax
Coca-Cola's Kenyan operations have received a hard knock with a ruling from the Revenue Authority that will force the company to pay excise tax on costs incurred washing and sanitizing returned soda bottles. 10 Jun 2008 07:48
EAST AFRICAToyota and EABL sign vehicle lease agreement
[Carole Kimutai] Local motor sales firm Toyota East Africa Ltd has sealed a vehicle fleet upgrade deal with East Africa Breweries Limited (EABL). In the deal, EABL will receive 150 vehicles through a fleet leasing solution developed by Toyota East Africa. 6 Jun 2008 08:31
KENYAKenya to import maize to build up food stockpile
The Kenyan government plans to import three million bags of maize in the next two months to build enough stocks to cushion the country against the impact of possible food shortages caused by post-election violence and the failed rains. 2 Jun 2008 11:22
KENYAKenya's food shortages persist as rains fall
Rains have come to the north eastern parts of Kenya, but this alone is unlikely to immediately resolve the food problems facing the mainly nomadic families in the semi-arid region, aid workers have said. 9 May 2008 10:49
MAURITIUSTrade reforms: Mauritius needs to do more
The trade reforms introduced by the government of Mauritius some years ago have borne fruit but they need to be pursued. 24 Apr 2008 08:04
EAST AFRICAKenyan retail outlet eyes Rwanda
[Carole Kimutai] Kenya's retail supermarket Nakumatt Holdings has announced the completion of its plans to open a US$3million supermarket in the heart of Rwanda, Kigali by July 2008. It is also undertaking a US$18million Gateway mall development in conjunction with Virunga Property development for its second outlet - a 75,000m² hypermarket, the Gateway Mall. 16 Apr 2008 12:22
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