Top East African banks increased provisions for bad debts by over $736 million in 2020 to reduce exposure on household and business loans in the countries ravaged by the Covid-19 pandemic, affecting impacting profitability and returns to shareholders.
April 8, 2021
The East African countries look to borrow more than $750 million in syndicated loans to cushion the economic impact of the Coronavirus pandemic as Kenya, Uganda, South Sudan, and Tanzania have all been seeking either syndicated loans or special drawing rights from the International Monetary Fund (IMF), as they seek to revive economies experiencing the pandemic-induced shocks.
April 6, 2021
Two UN agencies – the World Food Programme (WFP) and the UN High Commission for Refugees (UNHCR) –…
March 3, 2021
The company which mainly supplies glass bottles to beverages companies has been adversely affected by the closure of bars and restaurants in some East African countries as well as the restrictions on public gatherings.
January 28, 2021
The UN’s Food and Agriculture Organisation (FAO) is seeking an additional $38 million support to continue work of…
January 26, 2021
Barely a day to Uganda’s Presidential election, Robert Kyagulanyi (Bobi Wine) has revealed that the private security company…
January 13, 2021
According to the Bank of Tanzania’s monthly economic review for December, the improvements “were mainly attributed on account of upper exports of products including a decline in imports bill."
January 7, 2021
Sources say Spokesman for the Police Fred Enanga was not immediately available for comment.
December 30, 2020