Uganda's Stanbic Bank reports 25 pct jump in 2016 pretax profit

Stanbic Bank Uganda's 2016 pretax profit rose 24.9 percent, helped by business diversification that spurred a increase in non-interest revenue, the east African nation's largest lender by assets said on Wednesday.The bank, part of South Africa's Standard Bank and listed on ... — Read More

Uganda's GDP to grow 5.5 pct, boosted by oil, rate cuts -budget paper

Uganda's economy will grow 5.5 percent in the year to June 2018, edging up from estimates for the current fiscal year thanks to lower borrowing costs and higher oil sector investments, a budget paper seen by Reuters on Monday showed.The East ... — Read More

Research Calls for New Approach to Youth Employment Training Strategies in Africa

  Youth Livelihood Diaries Shed New Light on Working Lives of African Youth Kigali, Rwanda, February 17, 2017 – Innovative research released today by The MasterCard Foundation is making the case for a new approach to youth employment training strategies in ... — Read More

Tanzania opening $290 mn bus network

Tanzania opened a new public transport system in its commercial capital on Wednesday, in an effort to ease the journeys of millions of commuters.   A city of four million people, Dar es Salaam until now has had only a haphazard transport ... — Read More

GE proposes investing in Nigeria's ailing oil refineries

General Electric Co has proposed investing in Nigeria's oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities.GE's plan and similar promises from companies like Italy's Eni to work with Nigeria to rehabilitate the country's three ... — Read More

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