Browsing All Posts published on »June, 2013«

A brief on Rwanda’s financial sector as gathered by Ecobank

June 24, 2013

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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 […]

Read the commitments the G8 leaders have made at the Summit in Northern Ireland.

June 18, 2013

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“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 […]

Where China is making its mark in Africa!….. China Daily Reveals

June 18, 2013

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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, […]

Its a full year loss for Kenya Airways!!

June 14, 2013

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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 […]

Here is a brief on EAC other budgets as read today courtesy of Reuters Agency

June 13, 2013

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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 […]

This is how cabinet sec Rotich will find himself on the floor to present the budget statement

June 13, 2013

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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 […]

The Most Dangerous Countries for Computer Attacks according to Kaspersky

June 12, 2013

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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 […]