Kenyan banks are not deriving value in their regional operations with subsidiaries in volatile South Sudan unlikely to stay viable due to conflict and currency woes, Investment bank Renaissance Capital says. KCB, Equity Bank, Stanbic and Co-operative Bank have seen their subsidiaries in the troubled country fall on hard times
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dfcu Bank, a subsidiary of dfcu Limited, is set to accelerate the digitization of its operations and financial products by joining FMO’s “FinForward”, an acceleration program where global Fintech companies and Financial Institutions (FIs) and Mobile Money Providers (MMPs) in Africa are matched and integrated. FinForward is an initiative powered
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African Reinsurance Corporation ("Africa Re") announces its membership of Africa Finance Corporation ("AFC"), and becomes the first multi-lateral financial institution to invest in AFC. Africa Re, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continent's premier reinsurance corporation, operating across 41 African countries.
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Diamond Trust Bank (DTB) joined the Interswitch ATM service with effect from Jannuary12, 2018. The Interswitch ATM service will link DTB customers to over 500 ATM locations all over Uganda. “The launch of the interswitch ATM service will bring a convenient and reliable service to our customers, thanks to increased
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The Electricity Disputes Tribunal (EDT) has given the Rural Electrification Agency (REA) a one month ultimatum to agree on compensation values with all people who lost their property as a result of the construction of the 134kmMusita-Namayingo power line in 2013. During an Electricity Disputes Tribunal hearing on Monday, 15th
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The International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO) engaged in trade-related technical assistance, is implementing a programme titled " the Netherlands Trust Fund IV " (NTF IV) in partnership with the Dutch Centre for the Promotion of Imports from
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The Kampala City Traders Association (KACITA), through its chairman Everest Kayondo, has asked the government and its development partners to ensure that there is both faster and reliable internet at the border posts as this will guarantee seamless electronic Cargo Clearance. Kayondo says that while electronic cargo clearance platforms such
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Following the launch of the ‘Yoola Amajja’ promotion last year, Airtel Uganda has continued to reward its subscribers in the New Year through the telecom company’s Airtel Money promotion. The promotion gives all Airtel Uganda subscribers a chance to win up to Shs2m daily. Subscribers have to make transactions on
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Tanzanian president John Magufuli has been feted the overall winner of the Mandela Peace Price by controversial Paris-based Mandela Institute. Magufuli beat 4,955 applicants to bag the award for what the award’s jury termed as his immense contribution to the promotion of peace and social equality in Tanzania. He took
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Dubai-based flydubai’s inaugural flight touched down Friday at Kilimanjaro International Airport, increasing capacity to Tanzania and further expanding its network in Africa to twelve destinations. flydubai will offer six flights a week to Kilimanjaro, three of which are via a stop in the capital, Dar es Salaam and will increase
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