Month: November 2019

KCB Group Plc profit after tax surged six per cent to Ksh19.2 billion ($186.1million) for the nine months ending September 2019, on the back of significant growth in the loan book and non-funded income.…

Dropcap the popularization of the “ideal measure” has led to advice such as “Increase font size for large screens and reduce font size for small screens.” While a good measure does improve the reading experience, it’s only one rule for good typography. Another rule is to maintain a comfortable font size.

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush.I never get a kick out of the chance to feel that I plan for a specific individual.

Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

A wonderful serenity has taken possession…

Cryptocurrencies might not be trending anymore in Tanzania, as the Bank of Tanzania (BoT) unequivocally issued a statement on November 12, this year.

The bank noted that trading, marketing and usage of virtual currency is contrary to existing foreign exchange regulations, the BoT press release reads.

The first famous decentralized cryptocurrency bitcoin created in 2009, began taking a rather wide interest in Tanzania, for the past three years. The virtual currency disruption has been noted by the BoT, which led to the central bank’s decision to intervene.

“The Bank of Tanzania has noted a growing trend among members of public engaging in activities related to the usage of virtual currencies (cryptocurrencies) in the country. The Bank is also aware of incidences where these currencies are being marketed and traded with a perception of making them appear as if they were a legal tender in the country. Moreover, there are some …

FinDev Canada has announced an investment of USD 7.5 million in the Africa Forestry Fund II (AFF II), a growth equity fund focused on acquiring and developing environmentally-friendly forestry value chain assets across Sub-Saharan Africa.

Africa Forestry Fund aims to build upon the success of the previous AFF I fund and to improve the reinvigoration of Africa’s forestry sector. The fund could create as many as 3500 jobs in local areas, with up to 30% of them being exclusively for women.

The Fund Manager, Criterion Africa Partners (CAP), concentrates on three key areas of the forestry value chain; the acquisition, improvement and rehabilitation of plantations, downstream manufacturing, and biomass energy. They invest in target companies in each of these processes exclusively in Sub-Saharan Africa. All forestry areas are managed to the stringent requirements of the Forest Stewardship Council.

AFF II aims to combat the impending shortage of wood and wood …

Dar es Salaam based GSM group of companies, is set to launch its biggest furniture store dubbed ‘GSM HOME’, aimed at addressing the existing gaps in the market in supply of wide range of good quality furnitures.

Occupying about 1,200 square feet space, the new store is located along Mwai Kibaki road in Mikocheni B area and is expected to cater for growing needs of office and home furniture in the country.

Speaking at the company headquarters in Dar es Salaam, GSM group of Companies Chief Commercial Officer Mr. Allan Chonjo said, the plan to unveil the new store has been the company’s long-time dream that will now come true. (https://perfumesample.com)

“We are very excited that soon we will launch this great store in Dar es Salaam. In addition to offering customers a convenient shopping experience, GSM HOME will have a number of contemporary furniture including shelving, sofas, …

9^thGlobal Islamic Microfinance Forum (GIMF) will convene in Lahore – Pakistan on 11^th – 13^th December, 2019 under the theme of “Evidence of Impact and Financial Inclusion” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation. This Apex event is organized by AlHuda CIBE in Association with Akhuwat and Sponsored by Islamic Corporation for the Development of the Private Sector- ICD. ICD is one of the premier Islamic multilateral financial institution for the development of the private sector.

More than 20 countries will be participating in this prestigious event and around 25 international speakers will be addressing in the event. Majority of the speaker are industry leaders and experts. AlHuda is striving for poverty alleviation through Islamic microfinance by providing advisory, consultancy, research and capacity building services and organized 8 annual events in different countries of the world. This …

Egypt’s foreign trade in the fiscal year (FY) 2018/19 reached $95.024billion from $88.93billion in year 2017/18, an increase of $6.094 billion according to the Central Bank of Egypt (CBE).

According to a report by the Central Bank of Egypt, the country’s imports reached about $66.53 billion against $35.560billion, while its exports reached $28.495billion against $16.347billion, in the same period.

According to the CBE report, 14 countries accounted for 62.3% of Egypt’s foreign trade, with the value of trade exchange between Egypt and those countries amounting to $59.245billion.

The bank pointed out that Egyptian exports to these countries reached $17.091billion which is equivalent to 60% of total exports. Its imports from these 14 countries reached $42.153billion, which is about 63.4% of total imports between July 2018 and June 2019.

China was Egypt’s largest trade partner with a $6.505billion trade exchange, including $6.012billion worth imports and $493.2m worth exports. The United States…

Rwanda’s debt rose to $5.4 billion last year from $4.8 billion in 2017, World Bank data shows.

Rwanda’s debt level this year is projected to rise to 49.1 per cent as a ratio of GDP, from 40.7 per cent last year.
According to the Ministry of Finance, much of the country’s debt is Long-term, with a repayment period of up to 40 years. Despite this, the biggest test for Rwanda’s debt burden is expected to come in 2023, when the repayment of its $400 million Eurobond will fall due.

The settlement is expected to put pressure on government coffers, even with Kigali having an option to issue another Eurobond to retire the maturing of the loan.

The International Monetary Fund (IMF) has been pressing the government to improve its financial transparency and analyse fiscal risks to avoid surprises in the economy during the repayment period.

“So we want to look …

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple bush.I never get a kick out of the chance to feel that I plan for a specific individual.

Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the …

The European Investment Bank (EIB) has launched a new initiative to boost gender equality and female economic empowerment. The aim of SheInvest is to mobilise EUR 1 billion of investment that can benefit millions of women across Africa with better access to finance and by making sustainable infrastructure services and products work for them.

This initiative was launched simultaneously at the Africa Investment Forum in Johannesburg and at the EIB headquarters in Luxembourg.

Building on experience in northern and sub-Saharan African countries as well as in gender-focused lending, the EIB will step up efforts to further invest in projects, sectors and markets that have a transformative effect on gender equality and can increase the capacity of women and girls to participate in the economy and labour market.

“Unlocking the potential of women is key to boosting Africa’s economic growth. In several African countries many women still lack access to basic …