Browsing: Financial Landscape

• This project is expected to improve and increase water supply from 96 per cent to 100 per cent in Tanga City.
• The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021
• Mark Napier, CEO of FSD Africa, commended the collaborative effort behind the Tanga UWASA Green Bond.

The first ever Sub-national Water Infrastructure Green Bond in East Africa, worth $20.8 million, has been issued by Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA), an autonomous water utility.

This landmark transaction would fund the expansion and improvement of sustainable water supply infrastructure and environmental conservation within Tanga City and nearby townships. The 10-year project revenue bond listed at the Dar es Salaam Stock Exchange (DSE) offers an attractive interest rate of 13.5 per cent per annum to be paid semiannually.

The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021 because of the need …

• Income streams for Kenyans have remained constant, against expenditures becoming more inconsistent.
• Nine out of 10 Kenyan consumers earn less than or the same as before Covid-19.
• The report further highlights that satisfaction levels with current household income are poor with just one in 10 being satisfied with the exception of higher income earners.

Financial distress with declining income streams for Kenyans

More people are increasingly foregoing important financial services such as insurance, savings, and short-term investments on the back of stagnated income streams.

According to Old Mutual’s inaugural financial services monitor report, a focus on Kenya shows nine out of 10 Kenyan consumers are earning less than or the same as before COVID-19, as the situation prompted financial stress due to less money in their pockets.

This is as expenditure becomes more inconsistent against a consistent income stream, the firm says in part.

Old Mutual Group is a premium …