How DFCU Beat Other Bidders in the Race to Acquire Uganda’s Crane Bank

[East African] A sharp drop in Crane Bank’s liquidity position and the need to keep it as a going concern saw DFCU Bank beat other bidders to take control of the troubled lender.

[East African] A sharp drop in Crane Bank's liquidity position and the need to keep it as a going concern saw DFCU Bank beat other bidders to take control of the troubled lender.

source: AllAfrica News: Uganda

Chinese Mega Investors Set for Tanzania

[EA Business] Dar es Salaam -Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relati…

[EA Business] Dar es Salaam -Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.

source: AllAfrica News: Tanzania

Isolated Events Point to Changing Alliances Against Kenya’s Lead Role

[East African] The just concluded African Union Commission election has shown that countries in East Africa are challenging Kenya’s political leadership in the region.

[East African] The just concluded African Union Commission election has shown that countries in East Africa are challenging Kenya's political leadership in the region.

source: AllAfrica News: Kenya

Somalia Says Ready for Presidential Poll On Wednesday

[East African] Somalia is ready to hold its presidential election on February 8, an election official has said. The chairman of the 17-member presidential election committee, Mr Abdirahman Beileh, said that they have made all necessary plans to ensure …

[East African] Somalia is ready to hold its presidential election on February 8, an election official has said. The chairman of the 17-member presidential election committee, Mr Abdirahman Beileh, said that they have made all necessary plans to ensure a smooth election.

source: AllAfrica News: Somalia

Central Bank Expected to Tighten Rates

[Namibian] THE annual Private Sector Credit Extension or PSCE growth declined for a fourth consecutive month in December, and has been on a broad decline since March 2015 when corporate credit demand peaked at 25,6% year on year.

[Namibian] THE annual Private Sector Credit Extension or PSCE growth declined for a fourth consecutive month in December, and has been on a broad decline since March 2015 when corporate credit demand peaked at 25,6% year on year.

source: AllAfrica News: Namibia

Not a Registered Voter? No Sex, Booze or Government Services for You

[Daily Maverick] In an effort to drum up support ahead of the August election, Kenyan politicians are putting extraordinary pressure on people to register as voters. This pressure is manifesting in all sorts of strange ways. By NJERI KIMANI.

[Daily Maverick] In an effort to drum up support ahead of the August election, Kenyan politicians are putting extraordinary pressure on people to register as voters. This pressure is manifesting in all sorts of strange ways. By NJERI KIMANI.

source: AllAfrica News: Kenya

Dar es Salaam Port Can Convert Tanzania Into Trade Hub

[EA Business] Dar es Salaam -Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week c…

[EA Business] Dar es Salaam -Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week can report.

source: AllAfrica News: Tanzania

Rivals Commit to Regaining Peace

[CAJ News] The government of Mozambique is confident of a breakthrough in the ongoing talks to end renewed terror that has led to thousands fleeing to neighbouring countries. President Filipe Nyusi, is hopeful a deal will be concluded this week with th…

[CAJ News] The government of Mozambique is confident of a breakthrough in the ongoing talks to end renewed terror that has led to thousands fleeing to neighbouring countries. President Filipe Nyusi, is hopeful a deal will be concluded this week with the opposition Mozambique National Resistance (Renamo), whose insurgents have carried out some banditry following a contentious election outcome in 2014. Renamo claims Nyusi's Mozambique Liberation Front (Frelimo) rigged the election.

source: AllAfrica News: Mozambique

Inflation Rises in January

[EA Business] Kampala -Uganda’s Annual Inflation rose to 5.9% in January 2017 as compared to the 5.7% recorded during the year ended December according to the Uganda Bureau of statistics(UBOS).

[EA Business] Kampala -Uganda's Annual Inflation rose to 5.9% in January 2017 as compared to the 5.7% recorded during the year ended December according to the Uganda Bureau of statistics(UBOS).

source: AllAfrica News: Uganda

The Deaths of the 94 – Disgraceful Neglect

[Daily Maverick] There is no question that if we had credible healthcare facility surveillance the alarm to intervene would have gone off a long time ago and a chain of command would have reacted to prevent the deaths of former Life Esidimeni inhabitan…

[Daily Maverick] There is no question that if we had credible healthcare facility surveillance the alarm to intervene would have gone off a long time ago and a chain of command would have reacted to prevent the deaths of former Life Esidimeni inhabitants who had been moved to unsuitable facilities elsewhere.

source: AllAfrica News: South Africa