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Banking in Rwanda: Size does matterHighlights At the close of 2012, Rwanda’s banking sector was composed of nine commercial banks and five specialised institutions (that included three micro-finance banks, one development bank, and one co-operative bank). Commercial banks’ total assets returned a +13% y-o-y growth to stand at USD1.6bn, making it the second smallest banking […]
June 18, 2013
“As leaders of the G8, we are committed to open economies, open societies and open governments as the basis of lasting growth and stability. We have today agreed concrete steps to play our part in ensuring a safe and prosperous world. We met at a time of continued economic uncertainty. Our urgent priority is to […]
June 18, 2013
Over the last decade, there has been a lot of talk on Sino-African trade. This has seen a number of African countries create renewed interest in China as global geopolitics reshape. The trade volumes are believed to be in the tune of $ 200 billion per year. According to a story appearing on China Daily, […]
June 14, 2013
Soon after its management announced a Sh10.8 billion pretax loss, Kenya Airways shares listed at the Nairobi Securities Exchange plunged 5.1% on Thursdays closings prices. The airline, Kenya’s national carrier reported the losses in what its management attributed to a host of factors among them the euro zone crisis, high fuel costs as well as […]
June 13, 2013
NAIROBI, June 13 (Reuters) - Following are highlights from the Ugandan, Tanzanian and Rwandan budgets for the 2013/14 fiscal year starting in July. TANZANIA - FINANCE MINISTER WILLIAM MGIMWA ON OVERALL BUDGET FINANCING "The government projects to raise shillings 18,249 billion shillings from domestic and foreign sources. Out of this amount, 11,154.1 billion shillings are […]
June 13, 2013
With the new constitution in place, non members of parliament are not allowed before the house. Any invited guest is restricted to the public gallery. However cabinet secretary Henry Rotich will this afternoon find himself before the house to present the 2013/2014 financial year budget statement. According to parliament, the house will seek to adjourn […]
June 12, 2013
Russia ranked 1st on Kaspersky’s list of countries with the highest percentage of computer attacks. The security company found that 59 percent of its users there faced online assaults. Tajikistan ranked 2nd on Kaspersky’s list of countries with the highest percentage of computer attacks. The security company found that 59 percent of its users there […]
June 12, 2013
Reading through the report tabled in parliament by the budget committee 12 areas come up where the National Treasury could not justify why and how money will be allocated. Here is the list: Ksh: 3 billion to under take human resources reforms Ksh. 319 million to the Public Procurement Oversight Authority Ksh. 500 million to […]
June 12, 2013
Here are a few pointers on child labour from UNICEF as the world celebrates World Day Against Child Labour: -UNICEF estimates that around 150 million children aged 5-14, or nearly 1 in 6 children in this age group, are involved in child labour. According to the latest estimates from the International Labour Organization, 7.4 million children […]
June 11, 2013
GSK fires China research head over ‘misrepresented’ data http://www.reuters.com/article/businessNews/idUSBRE95A15I20130611
Bizextras 
June 24, 2013
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