Market News | EAITE 2017

Market News

  • Tanzania: Public Schools to Get Lab Equipment Worth Sh16 Billion

    Posted on :Tuesday , 24th January 2017

    The government has purchased lab-facilities worth 16 billion shillings, the Minister for Education, Science and Technology, Prof Joyce Ndalichako, has confirmed.

     
    Prof Ndalichako made the revelation yesterday in Dar es Salaam saying that the facilities would be provided to 1,626 public secondary school laboratories set in the country by the end of this month.
    . . .

  • Crowdfunding Helping African Entrepreneurs Grow

    Posted on :Saturday , 21st January 2017

    The banks wouldn't give him a loan, so Cameroonian Georges Badjang approached a crowdfunding platform. Although relatively unknown in Africa, this alternative source of finance is helping his firm grow.

     
    Jacques Georges Badjang was never really interested in emigrating abroad. Even when he was a student, he was determined to show it was possible to create and achieve. . .

  • East Africa: Retail Giant Nakumatt Raises Shs17 Billion Ahead of Share Sale

    Posted on :Thursday , 5th January 2017

    Nairobi — Retail chain Nakumatt Holdings has raised KSh500 million (Shs17b) through a short- term loan in a deal expected to pave the way for entry of a deep-pocketed strategic investor into the business.
     
    The transaction was disclosed by investment advisory firm Dry Associates, which arranged the private placement last quarter.
     
  • Africa: 'Mobile Money' Helping Women Rise Above Poverty

    Posted on :Thursday , 5th January 2017

    A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa.

     
    The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobi. . .

  • Africa Hails China's Ban of Ivory Products

    Posted on :Thursday , 5th January 2017

    Nairobi — China's latest ban on processing and sale of ivory products marked a historic milestone in efforts to save African elephants from poaching, Kenyan wildlife officials said on Tuesday.

     
    Richard Leakey, chairman of the Kenya Wildlife Service (KWS), hailed the Chinese government's decision, saying it will revitalize global action on illegal trade in troph. . .

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