Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved. The reason why African debts have risen is simple. Since the world financial crisis of 2008, there has been a
Read MoreBusinessFocus Reporter
Footballer Mbwana Samatta has been voted the 2017 most influential Tanzanian in a poll run by ratings agency Avance media. The 25-year-old striker plays for Belgian side KRC Genk and the Tanzania national football team. The Tanzanian captain won the Confederation of African Football's African Player of the Year (Based
Read MorePolice in Kenya have launched a manhunt for a woman disguised as a nun who robbed a money exchange office and escaped with $35,000 (UShs126m), reports the BBC. The speed of the incident has baffled investigators. The whole robbery took less than ten minutes and even guards manning the entrance
Read MoreThe body that monitors South Sudan's shaky truce is blaming rebels for a Christmas Eve attack that killed 15 people and wounded 26 others. The monitors, known as CTSAMM (Cease-fire Transitional Security Arrangements Monitoring Mechanism), said Tuesday that rebels loyal to former Vice President Riek Machar attacked the village of
Read MoreKenya's government will over the next few years focus on ensuring its mineral wealth benefits the communities under a mineral royalty sharing scheme that will see ten percent of total revenue from mining going to communities where the minerals are extracted. By signing of community development agreements, mining firms will
Read MoreFreedom House, a Washington-based group which promotes democratic practices around the world, says freedom has improved in Uganda and The Gambia over the last year. The report highlights improvements in Uganda "due to the resilience of the media sector and the willingness of journalists, bloggers, and citizens to voice their
Read MoreFortebet, one of the leading betting companies over the weekend gave back to its Namugongo punters (clients) for their loyalty. This took place just before Bournemouth-Arsenal game on Sunday at Namugongo Fortebet Centre. With branches across Uganda and best odds in the county, Fortebet rewarded punters with gifts like original
Read MoreThree Congolese soldiers have been killed while repelling an attack in the eastern Beni region by Ugandan Islamist Allied Democratic Forces (ADF) rebels, who are accused of killing 14 UN peacekeepers from Tanzania in December, the BBC reports. At the weekend, the DR Congo announced an offensive against the group
Read MoreAtul Shah, the man behind struggling regional retailer, Nakumatt Supermarket has spoken out for the first time about how debt took down his business. In an interview with Business Daily, Shah says: “We have been bashed unrelentingly. I have chosen not to defend the truth or criticise lies being passed
Read MoreJubilee party fired about 200 workers early last week, The Standard reports. Those affected by the changes include members of the secretariat, senior directors and county coordinators. This came as the officers resumed from the holidays on January 9, and was unexpected. This has seen most of the party operatives
Read More